Health insurance is a key contributor to the expansion of the general insurance market in India. It contributes for around 29 percent of total general insurance premium income in India. The expansion of this sector is significant in terms of the overall expansion of the general insurance industry. At the same time, there are several issues in this industry that are harming its performance. Health insurance is an arrangement in which an insurance company undertakes to guarantee pay for medical expenditures if the insured becomes ill or is involved in an accident that requires hospitalisation

Health Insurance, underwriting, Economic growth, Insurance premium, general Insurance