5th Floor, Parijat House,
Manjrekar Lane,
1076,
off Dr. E. Moses Road,
Worli Naka
Mumbai, Maharashtra
400 018
402, 4th Floor, MGF Mall, Near Select City Walk Mall,
Saket
New Delhi, Delhi
110017
302, 3rd Floor, Prestige Sigma, Vittal Mallya Grant Road
Bengaluru, Karnataka
560001
The health insurance industry in India is the fastest-growing segment in the insurance sector. This phenomenal growth may be attributed to the liberalization of the economy and growing awareness among the public regarding healthcare. India is experiencing higher growth in the private health insurance sector, with more private health insurers entering the market. The Indian health insurance industry has seen several changes in consumer behaviour and attitude towards insurance.
Health insurance is necessary for everyone, bearing in mind the rising medical costs and changes in lifestyle. Most people purchase health insurance as it reduces the risk of using all the savings during medical emergencies. Close to half of the respondents have purchased health insurance for themselves, followed by parents and grandparents.
Insights in the report cover behaviour of people across gender, age group and town-class.
Devchand House, 6th Floor,
Shivsagar Estate,
C Block, Dr. Annie Besant Road,
Worli
Mumbai, Maharashtra
400 018
2nd & 3rd Floor,
AIHP Horizon, 445 Udyog Vihar Phase V,
Sector 19,
Gurugram, Haryana
122008
1st Floor, Alyssa No 23,
Richmond Road, Richmond Town,
Bengaluru, Karnataka
560025
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