Standalone health insurance industry to see 20% growth in FY’21

Standalone health insurers are expected to witness an average 20 per cent growth in premium
collection in the current fiscal, as demand for health cover has increased significantly in the wake of the COVID-19 crisis, an official said. The premium collection by these companies grew by 40 per cent in July this year, he said. “For the whole year, I hope we will be able to retain previous year’s growth, which is about 20 per cent,” Religare Health Insurance’s products and business process head Ashutosh Shrotriya said.

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