Leading health insurers India 2019 by retention rate

Published by Sandhya Keelery, Aug 30, 2024
The public sector bank, State Bank of India had the highest retention rate in the health insurance segment with a rate of over 94 percent during financial year 2019. This was closely followed by the private insurer Chola MS at around 92 percent. The industry's gross weighted premium that year amounted to nearly 455 billion Indian rupees.

Leading health insurers across India in financial year 2019, by retention rate

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Release date

October 2019

Region

India

Survey time period

FY 2019

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

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Market overview

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Companies

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Premiums

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"Eigen risico"

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Health expenditure

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Costs per person

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Defaulters

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