Pandemic booster for health insurance firms

The Covid-19 pandemic has provided a booster shot to the health insurance business in the country. With 130 new products launched in four months, the segment has overtaken motor to become the largest business for non-life companies. According to the insurance regulator, the dominance of health will only increase by the end of the year. However, the protection gap (between ailments and claims) in smaller cities remains a concern.