December 18, 2023Business Desk

Health insurance statistics of 2023

Approximately 514 million people across India were covered under health insurance schemes in 2021, which merely covers 37% of the people in the country.

Source: Pexels

Around 70% of the population is estimated to be covered under public health insurance or voluntarily private health insurance.

Source: Pexels

Nearly 400 million individuals in India have zero access to health insurance.

Source: Pexels

As per the Economic Survey 2022-23, the Indian governments’ budgeted expenditure on healthcare nearly touched 2.1 % of GDP in FY23 and 2.2% in FY22, against 1.6% in FY21.

Source: Pexels

Health insurance premium collections saw a growth of 40% in 2020, due to huge rush by public to cover themselves from Covid-19 pandemic.

Source: Pexels

A health insurance ensures regular monitoring of your, provides cashless coverage, and offers the best treatment facilities at their best networked hospitals.

Source: Pexles