The Health & Personal Accident Insurance segment has grown at a CAGR of 18.64% over the period 2012-13 to 2021-22.
Health Insurance comprises of around 91% of the segment. Health & Personal Accident has crossed the 80,000 Cr mark for the first time after crossing 60,000 Cr mark in 2020-21.

Chart 4.5.1GDPI - Health & Accident

Table 4.5.1Health & Accident

2021-22 Value
No. Of Policies 41,869,016
Premium (in Cr) 80,501
No. Of Claims Reported 24,740,119
No. Of Paid Claims 22,670,527
Amt of Paid Claims (in Cr) 72,658
Premium booked in India considered

Source: Council Compilation as per source
data submitted by companies



The Net Incurred Claims ratio has increased significantly to 105.3% in 2021-22 from 90.2% in the previous year. Similarly, the Gross Incurred claims ratio has increased to 94.5% in 2021-22 as compared to 78.5% in the previous year.

A possible explanation could be the settlement of covid claims in the current year.

Chart 4.5.2Gross & Net Incurred Claims Ratio - Health, Personal Accident & Travel

Source: Council Compilation as per source
data submitted by companies

Chart 4.5.3Rural vs Urban Premium - Health & Accident

Source: Council Compilation as per source
data submitted by companies

Chart 4.5.4GDPI Breakup on Categories - Health & Accident

Chart 4.5.5Policies Breakup on Categories - Health & Accident

Source: Council Compilation as per source
data submitted by companies

*Number of policies indicated under Health – Government Schemes are the
number of Master Policies issued and do not represent the number of lives covered