
India health insurance sector grows 9 pc, premiums cross Rs 1.2 lakh crore in FY25: Govt
New Delhi, March 26 (IANS) India’s health insurance sector has recorded strong growth, with total premiums crossing Rs 1.2 lakh crore in 2024-25, the government said on Thursday.India’s health insurance sector continues to expand steadily, growing at around 9 per cent annually, driven by increasing awareness, better access to healthcare financing and a rising need for financial protection against medical expenses.To improve efficiency and ensure faster support to policyholders, the Insurance Regulatory and Development Authority of India has set strict timelines for processing cashless health insurance claims.As per the norms, insurers must approve cashless pre-authorisation requests within one hour, while final approval must be completed within three hours.These measures are aimed at reduc...









