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Health insurance : Increasing awareness

In India, health insurance awareness is increasing as a rapid jump in business in the first half of the current year indicated.

According to the Insurance Regulatory and Development Authority of India (IRDAI), the total number of lives covered under the health insurance business, excluding personal accident and travel business stood at 498.70 million in 2019-20. For a period between April 2020 and September 2020, the total number of lives covered under the health insurance
business stood at 302.20 million compared with 178.30 million for the same period of the previous year, showing a growth of a whopping 70 per cent.

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