News From Press Health insurers leave general insurance industry far behind in growth in FY24

Health insurers leave general insurance industry far behind in growth in FY24

Source: ET Apr 13, 2024

India's standalone health insurers grew two times faster than the general insurance industry in FY24, ToI reported on April 12 citing data from the General Insurance Council.

The general insurance industry recorded an annual premium of close to Rs 2.9 lakh crore for FY24, marking a 13% rise from the previous fiscal year's Rs 2.6 lakh crore. Similarly, the five standalone health insurance companies saw a significant 26.2% increase in total premium, climbing from Rs 26,243 crore to Rs 33,11 ..

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