News From Press Standalone health insurers sizzle in December 2023

Standalone health insurers sizzle in December 2023

Source: Hindu Business Line Jan 9, 2024

Standalone Health Insurers (SAHI) have recorded 26 per cent growth in retail annual premium equivalent (APE) in December 2023 at ₹2900 crore (₹2,300 crore). For the year ended December 2023, retail APE was up 25 per cent at ₹22,500 crore (₹17,900 crore), official IRDAI and General Insurance Council data showed. All the five standalone health insurers—Star Health, Care Insurance, Niva Bupa, Aditya Birla Health Insurance and ManipalCigna-recorded double digit growth for both December 2023 and year-to-date as of December 2023.

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