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The Burgeoning Indian Health Insurance Industry:


Submitted By jayalakshmi
Words 5563
Pages 23
Note: The paper emphasizes on the role of all the stake holders of the health insurance industry, with particular focus on Policyholders perceptions on Health insurance based on household survey.

The Burgeoning Indian Health Insurance Industry:
……...Yet miles to go!!!


*V. Jayalakshmi (M.Phil, LLB, FIIII(Non-Life))

__________________________________________________________________ * Assistant Professor, Siva Sivani Institute of Management, Kompally, Secunderabad, Andhra Pradesh, India. Pursuing Ph D from Osmania University,
*This paper was presented at the National Seminar on Health Insurance “A Decade of Experience: Health Care Insurance… Present Scenario”, in Hyderabad on 24th January, 2012.

The Burgeoning Indian Health Insurance Industry:
……...Yet miles to go!!!


Health insurance has become one of the fastest growing segments in the non-life insurance industry in India in the recent years, experiencing a robust sixty per cent remarkable growth during 2007 – 08 over the past year. From a modest premium volume of Rs. 675 crore in 2001- 02 the health insurance premium has grown to Rs. 7803 crores in year 2009-2010, and is poised to grow at a compound annual growth rate (CAGR) of 25 to 30 per cent to reach a market size of around Rs 28,000 crore by financial year (FY) 2015 as per IRDA estimates. This segment is also emerging as an increasingly significant line of business for life insurance companies too, after the Regulator IRDA has granted permission to the life insurance companies also, to sell health insurance policies. Increasing awareness for the need for health insurance, rising health care costs and the recent detariffication of the general insurance industry from January 2007, thereby, emphasizing more

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