As health insurance penetration in India stays low and government-spending on healthcare one of many lowest on the earth, out-of-pocket healthcare bills are excessive.
However, current regulatory initiatives akin to Use and File and open structure are anticipated to present better flexibility to insurers in product pricing, and thereby assist improve insurance penetration.
In truth, standalone health insurers will develop sooner than multiline basic insurers—each private and non-private—due to a powerful distribution community, specialised merchandise and data.
