New Delhi, Oct. 28 -- Health insurance continues to dominate public discourse today. It has emerged as the largest segment within non-life insurance and is expected to expand further, driven by rising medical costs and growing demand for healthcare financing.

Medical inflation remains a global concern. Healthcare costs are rising due to rapid technological advances, higher demand for quality care, wage escalation, and, in some cases, defensive medicine. Estimates suggest that healthcare inflation can be two to four times higher than general inflation. While governments bear the primary responsibility for curbing medical inflation, providers and insurers must ensure that insured patients do not inadvertently contribute to it.

The expansi...