Issue Date: Dec 31, 2009
The health insurance industry grew by 37 per cent between 2002 and 2008 and the business was worth Rs 5,125 crore in 2008. Industry insiders said the insurance sector has the potential to become a Rs 25,000 crore industry by 2012.
The sector currently comprises more than 30 private insurance companies and four public insurance companies. The growth rate of private companies, in terms of premium collected, is more than public health insurance companies (see graphs).
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