₹55,000 crore.However, with the pandemic forcing employers to ramp up health covers for their employees, India’s corporate health insurance market has picked up steam and is expected to grow at a compound annual growth rate of 20% to ₹65,000 crore by financial year 2024-25 (FY’25).The corporate health insurance market is pegged at ₹31,000 crore by Redseer.“With increased focus on healthcare especially after the second wave of Covid-19, the insurance segment is expected to grow with a growth rate of 20% by 2025 while demand for insurance with outpatient department (OPD) services is also increasing.
Coverage for pharmacy bills, diagnostics test, outpatient dental treatment and health checkup are some of the areas wherein companies are keenly.