The Health & Personal Accident Insurance segment has grown at a CAGR of 19.90% over the period 2014-15 to 2023-24. Health & Personal Accident has crossed the 1,00,000 Cr mark for the first time after crossing 90,000 Cr mark in 2022-23 .
Chart 4.5.1GDPI - Health & Accident
Table 4.5.1Health & Accident
| 2023-24 | Value |
| No. Of Policies | 49,521,330 |
| GDPI (in Cr) | 116,694 |
| No. Of Claims Reported | 3,22,33,592 |
| No. Of Paid Claims | 2,99,24,095 |
| Amt of Paid Claims (in Cr) | 87,881 |
Source: Council Compilation as per source
data submitted by companies
The Net Incurred Claims ratio has risen up to 87.5 % in 2023-24 from 83.2% in the previous year. Similarly, the Gross Incurred claims ratio has increased to 77.5% in 2023-24 as compared to 75.7% in the previous 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