India, March 26 -- The Government of India has issued a release:
Financial Year
Claims Paid Ratio
2022-23
85.66%
2023-24
82.46%
2024-25
87.50%
(by number of claims)
India's health insurance sector continues to witness robust growth, growing at a rate of around 9%, with total health insurance premiums volume exceeding Rs.1.2 lakh crore in 2024-25. This growth reflects increasing awareness, improved access to healthcare financing, and a rising demand for financial protection against medical expenses.
In order 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 clai...