New Delhi, March 26 -- India's health insurance sector continues to witness robust growth, growing at a rate of around 9 per cent, with total health insurance premiums volume exceeding Rs 1.2 lakh crore in 2024-25, according to a statement released by the Ministry of Finance.

This growth reflects increasing awareness, improved access to healthcare financing, and a rising demand for financial protection against medical expenses.

To enhance efficiency and ensure timely support to policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has prescribed specific timelines for the processing of cashless health insurance claims, the statement noted.

As per the regulator, cashless pre-authorisation requests must be pr...