The public sector bank, State Bank of India had the highest retention rate in the health insurance segment with a rate of over 94 percent during financial year 2019. This was closely followed by the private insurer Chola MS at around 92 percent. The industry's gross weighted premium that year amounted to nearly 455 billion Indian rupees.
Leading health insurers across India in financial year 2019, by retention rate
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Retention rate
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HDFC Securities. (October 1, 2019). Leading health insurers across India in financial year 2019, by retention rate [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1116446/india-leading-health-insurers-by-retention-rate/
HDFC Securities. "Leading health insurers across India in financial year 2019, by retention rate ." Chart. October 1, 2019. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1116446/india-leading-health-insurers-by-retention-rate/
HDFC Securities. (2019). Leading health insurers across India in financial year 2019, by retention rate . Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1116446/india-leading-health-insurers-by-retention-rate/
HDFC Securities. "Leading Health Insurers across India in Financial Year 2019, by Retention Rate ." Statista, Statista Inc., 1 Oct 2019, https://www.statista.com/statistics/1116446/india-leading-health-insurers-by-retention-rate/
HDFC Securities, Leading health insurers across India in financial year 2019, by retention rate Statista, https://www.statista.com/statistics/1116446/india-leading-health-insurers-by-retention-rate/ (last visited August 24, 2024)
Leading health insurers across India in financial year 2019, by retention rate [Graph], HDFC Securities, October 1, 2019. [Online]. Available: https://www.statista.com/statistics/1116446/india-leading-health-insurers-by-retention-rate/