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Health insurance premiums drive non-life industry growth, shows data

Group premiums grew 30% against 17% growth in retail segment

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3 min read Last Updated : Feb 19 2022 | 6:05 AM IST

Health insurance premiums reported a growth of 26 per cent in the first 10 months of FY22. This is nearly double the growth witnessed in the same period a year ago. Health premiums continued the trend of driving growth of the non-life industry ever since the pandemic began.

However, within the health segment, the growth dynamics has changed with group health premiums growing faster than retail health premiums, data of the General Insurance Council showed.

In FY22 so far, group health premiums witnessed a growth of 30 per cent as against 17.28 per cent growth in retail health.

Also, the

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