Retail health segment sees 34% growth in April-October, shows data

Non-life insurers have seen a 14.5 per cent increase in premium collection in the health segment between April and October this year, reflecting the need for health insurance in the country grappling with a surge in Covid-19 cases.

The health segment has seen premium collection of Rs 32,879.39 crore compared to Rs 28,704 crore in the corresponding period last financial year. The growth is led by the retail segment which has seen an almost 34 per cent rise in the reporting period, while group health reported an increase of 12.21 per cent.

On the other hand, premium collection for government