Health Insurance: India's New Infrastructure for 2047 Growth Story

• Health insurance is becoming as crucial as roads and power for India's sustained growth by 2047, ensuring healthy, productive, and financially stable citizens.
• With only 3.7% GDP penetration, India aims for 'Insurance for All by 2047', driven by rising life expectancy and an aging population.
• Policy reforms like GST removal on premiums, higher FDI limits, and focus on customer experience are strengthening the insurance framework.
• Product innovation is moving beyond one-size-fits-all, offering tailored solutions for different life stages, including outpatient, preventive, and mental health care.
• Technology, including ABHA ID and National Health Claims Exchange, is foundational for scale, efficiency, and improved customer experience, with over 90% of retail policies now digital.