Health insurance grows 42% in H1
Aided by government health schemes and correction in rates, insurance for health and personal accidents recorded highest growth in the non-life insurance segment during the first half of the financial year.
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Aided by government health schemes and correction in rates, insurance for health and personal accidents recorded highest growth in the non-life insurance segment during the first half of the financial year.
Star Health and Allied Insurance, a standalone health insurance firm, is banking on retail spend on insurance to drive up its premium income, at a time when companies are trimming health insurance covers to cut costs.
Despite a penetration of just 2-3 percent, health insurance accounts for about 16 percent of the industry’s total premium collection.
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