The insurance giant said business profit for the nine months to 30 September was up 37% to $2.1million - though this was a slight slowdown on its 39% growth in the first half.
Family floater health insurance plans are the preferred choice among NRIs, accounting for 40% of purchases. A significant portion of these policies (25%) is bought for parents or senior citizens residing in India. To maximize their health insurance benefits, NRIs opt for high-sum insured plans, especially crucial for severe illnesses or costly medical conditions.
There has been a significant increase in the number of female HNI buyers, whose share in this segment went up from 12 per cent in FY22 to 17 per cent in FY23
There are key drivers to this – including company confidence, leadership, innovation, work-life balance, inclusion, belonging, and more, as CHRO Rosanun Chankasame tells us.