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Health insurers may raise premium rates

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₹40,000 crore, which was led by higher sales of covid-linked products and other comprehensive health cover policies.As a result, the combined gross premium earned was 15-20% higher in FY21, while the total claims from covid policies in terms of value was around 30% of the total health premium collected by the industry, according to three persons, including two health insurance industry officials.“Even if we add a 10% incremental impact on this ratio (as a percentage of premium collected), the amount of claims would not be less than ₹25,000 crore, considering a 20% growth in health insurance premium collected during fiscal 2021," said a second person, also a senior health insurance industry executive.

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