PENETRATION OF HEALTH INSURANCE SCHEMES AND THEIR OUTREACH IN TELANGANA
Abstract
The role of health insurance in the growth of the insurance sector in India is not only significant in terms of market expansion, but also in terms of its contribution to the overall premium growth. According to industry estimates, the share of health insurance premiums in the total premiums collected by policyholders in India has been steadily increasing over the past few years. The study explored the role of health insurance in the growth of the insurance sector in India, including its contribution to premium growth, market expansion, innovation and product development, regulation and policy, and the future outlook. The growth seen in the health insurance sector between 2020-2021, 2021-2022, and 2022-2023 indicates its resilience and adaptability during the COVID-19 pandemic. The rates of growth indicate that the sector successfully met the demand for health insurance coverage, reflecting the sector's recognition of its importance in uncertain times and the increasing importance placed on protecting one's health and financial well-being. Health insurance schemes in Telangana, whether public or private, play a significant role in making healthcare accessible and affordable for the state's population. While the outreach of these schemes has seen commendable progress, continuous efforts are needed to increase coverage, particularly amongst the most vulnerable sections of society. This study focuses on understanding the penetration of Health Insurance Schemes and their outreach in Telangana. This study found that there is a significant difference between various health insurance schemes and their outreach
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