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Health Insurance in India
In India, most of the healthcare spending is by way of out-of-pocket expenses and in this background the sudden surge of health insurance with a 60% growth is phenomenal.
The premium collection in Health surged further to Rs.6088 crore in 2008-09 from Rs.4894 crore of 2007-08, registering a growth of 24.40%. This led to an increase in its
share to the total general insurance segment premium to 20.06% in 2008-09 from 17.59% in 2007-08 and 13.33% in 2006-07. The growth in the health segment was higher than the average general industry growth.
In the first quarter of 2009-10(Apr-Jun 2009), Rs.1826.74 crore health insurance premium were underwritten, recording a growth of 2.66% over the same corresponding period of the previous year.
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