20 Indian Health Insurers Struggle with Claim Payouts
20 private health insurers in India paid less than 80% of the total amount claimed by insured patients in 2023. The analysis by the Insurance Brokers Association of India (IBAI) sheds light on significant disparities in the claim payout performance across public and private health insurers. The findings have sparked calls for policy reforms and stricter oversight. Experts argue that bridging the gap between public and private insurers is critical for a healthier insurance ecosystem.