The new rules are likely to give an impetus to senior citizens who have some pre-existing diseases, thus leading to an exorbitant medical expenses on a regular basis.
The rise of standalone health insurance companies growth can be credited to larger policy sizes, as they introduce high-value policies worth crores. Premium rates have been adjusted to match medical inflation, and coverage has expanded, insurers revealed.
India Business News: Standalone health insurance companies outpaced general insurance growth in FY24, with an annual premium of nearly Rs 2.9 lakh crore. They offered high
Multiple people in the know have told me that the insurance regulator is not comfortable with the typical corporate structures of startups, and may not be in favour of granting them an insurance manufacturing licence. The regulator wants these firms to get rid of any holding company structures, onboard investors directly into the applying entity, and have founders bring in sufficient amount of net worth before applying.