Rising Healthcare Costs Drive Demand for Higher Coverage: Turtlemint Sees 240% Growth in Sum Assured
đź’¨ Abstract
The Indian health insurance market is growing due to rising healthcare costs and increased consumer awareness post-COVID-19. Medical inflation is at 14% and the market is projected to reach INR 2.0 trillion by 2028. Turtlemint, an insurance platform, has seen a surge in policies with higher coverage amounts, indicating a shift towards more comprehensive plans. Premiums per policy have risen significantly, especially in smaller cities.
Courtesy: theprint.in
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