Decoding the health insurance sector in India!

Non-life premium/capita | GDP/capita times India
China      $234  | 5x
Brazil      $168  | 5x
Malaysia $159  | 5x
South Africa $149  | 2x
Thailand $134  | 3x
𝐈𝐧𝐝𝐢𝐚              $22
India has one of the lowest non-life insurance densities.

Health insurance contributes more than 1/3rd of the non-life premiums.

India has one of the highest out-of-pocket healthcare expense %.
Less than 40% of the total population is covered with health insurance. A bulk of them are covered with govt insurance (welfare) schemes at a measly premium of $3.5/life p.a.

With rising incomes and GDP, there is a huge runway of growth specifically for private health insurers given the massive under penetration.

I deep dive into the health insurance industry in the linked video: