49.87 crore people under health insurance coverage in India

New Delhi, March 15, 2021: Insurance Regulatory and Development Authority of India (IRDAI) has said 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 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.