Insurance Regulatory and Development Authority of India (IRDAI) has informed that the total number of lives covered under health insurance business (excluding Personal Accident & Travel Business) in Financial Year 2019-20 was 49.87 crore.

This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.

The Minister stated that IRDAI has further informed that the total number of lives covered under health insurance business (excluding Personal Accident & Travel Business) from 1.4.2020 to 30.9.2020 has been 30.22 crore (provisional data) as compared to 17.83 crore for the period from 1.4.2019 to 30.9.2019 showing a growth of 69.8%.

In general, there has been no abnormal increase in health insurance premium during the pandemic, the Minister stated.

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RM/KMN

Health insurance coverage rose significantly during the pandemic, regulator reports substantial growth and no abnormal premium increases. The insurance regulator reported total lives covered under health insurance coverage in FY 2019-20 at roughly fifty crore and provisional six month enrollment figures showing marked year on year growth during the pandemic; the regulator and minister additionally stated there was no abnormal increase in health insurance premiums during the pandemic.