₹1,573.96 crore. In August, the number dropped by 7.05% at ₹1,462.92 crore.According to Irdai data, Aditya Birla Health Insurance Co.
Ltd, Star Health and Allied Insurance Co. Ltd, Max Bupa Health Insurance Co. Ltd and ManipalCigna Health Insurance Co. Ltd reported a significant growth in premiums.
Insurance experts said due to covid-19, there is an increase in awareness among consumers about the importance of health insurance for covering medical expenses. “Health insurance is a living benefit product and there is a shift happening in the mindset of the consumers.
In the hierarchy of needs, health has claimed a primary position. People have also started proactively looking to increase their coverage, and renewal has improved with.