Forecast: Net Incurred Claims of Health Insurance in India

The net incurred claims of health insurance in India are forecasted to grow moderately from 2024 to 2028. In 2023, the value stood at 111. The year-on-year variations indicate a slight increase, with the value expected to rise from 112 in 2024 to 115 in 2027, maintaining stability at 115 in 2028. The average Compound Annual Growth Rate (CAGR) over the next five years is minimal, suggesting a steady and controlled growth trend.

Future trends to watch for include potential shifts in healthcare policies, technological advancements in medical treatments, and demographic changes which might influence the demand and cost structure of health insurance in India.

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