Importance of Health Insurance in Today’s Landscape
Importance of Health Insurance in today’s landscape
Key Insights
Lack of health insurance is the largest unplanned financial shock for Indian households
A single hospitalization can wipe out multiple years of savings
Medical inflation of 12–14% CAGR far outpaces wage growth of 6–7%
Out-of-pocket healthcare expenditure in India remains high at 55–60%
Government health spending around 2.1% of GDP versus global average of ~12%








