News From Press Medical inflation driving up ticket sizes for retail health insurers

Medical inflation driving up ticket sizes for retail health insurers

Source: BS Mar 13, 2024

The average ticket size of retail health insurance in India has increased by nearly 48 per cent over 6 years due to elevated medical inflation and increased demand for higher coverage policies among policyholders.

According to data by online insurance broker PolicyBazaar, the average ticket size of retail health insurance in India has increased to Rs 26,533 so far in FY24, up 48.22 per cent from Rs 17,900 in FY19. This increase is attributed to a rise in medical inflation and increased awareness about health insurance among the public post the Covid-19 pandemic.

Click here to read

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

How to strategically invest for your long-term financial goals

Sebi tells investment advisors to share details of all their social media handles every six months. Details here

Health insurance premium shot up over 25% last year for 52% policyholders, finds survey; here's how the impact can be reduced

Mutual fund investors alert! You are losing a hefty amount if committing either of these seven mistakes

Mutual funds sells G-sec to book profit after stocking up in April

Good news for insurance agents! They can use this platform to track and receive commissions in real-time

Mid, smallcap funds and how to get the best out of them

Sector & thematic funds: Prospects, not past returns, should be your guide

Mutual fund equity buying tops Rs 1 trillion for 2024, shows data

Health insurance premium shot up over 25% last year for 52% policyholders, finds survey; here's how the impact can be reduced

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How many seats will the BJP led NDA win in 2024 Lok Sabha election?

351 or above

276 to 350

201 to 275

200 or below

EVENTS FORUMS