Health insurance sector records Strong growth momentum with premiums exceeding ₹1.2 lakh crore in 2024-25

• India's health insurance premium crossed ₹1.2 lakh crore in FY 2024-25, growing at ~9% YoY, reflecting deepening healthcare financing penetration.
• Regulated by IRDAI (statutory body under Ministry of Finance), which has tightened cashless claim settlement timelines to protect policyholders.
• Relevant for UPSC: intersects GS-II (health, social sector) and GS-III (insurance, financial inclusion).