05-Apr-18, ET Healthworld
Health insurance has changed quite a bit in the last 10 years, says Antony Jacob, CEO, Apollo Munich, Gurugram. We are now talking of about 40,000 crores of health insurance premiums from private health insurance.
%20Pradeep%20Gaur_Mint.jpg "A lot more to do in health insurance in India (c) Pradeep Gaur Mint")
Image: Pradeep Gaur / Mint
Today we have coverage from a few lakhs upto even a crore, from coverage within cities in India you have coverage worldwide... Having seen a compounded growth rate of about 20-25% year on year over the last 5 years, there is a lot more to do in the health insurance sector in India.
One of the biggest challenges is India is a very young country, and for young people, health insurance is not very much high in the priority of things to buy.