Health Insurance Market to Exhibit 5.5% CAGR till 2028; Bharti AXA General Insurance’s Health AdvantEDGE to Provide Benefits amid COVID-19

 The global “health insurance market” size is set to reach USD 3,038.6 billion by 2028. Fortune Business Insights™ presented this information in a new study, titled, ““Health Insurance Market, 2021-2028.” The study further mentions that the market stood at USD 1,966.6 billion in 2020. It would exhibit a CAGR of 5.5% in the forecast period between 2021-2028. Several government and private agencies are introducing new schemes to attract more customers. In December 2020, for instance, ICICI Lombard unveiled its latest ‘ICICI Lombard Complete Health Insurance’ featuring unique benefits and health plans. 

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COVID-19 Pandemic: Relaxations of Premiums May Hamper Growth

The COVID-19 pandemic has compelled various companies to strengthen their existing schemes for meeting the high demand. They have started introducing new subscriptions including COVID-19 protection coverage. But, a few authorities declared relaxations of premiums for a short duration. It may affect growth negatively in the near future. We are offering authentic research reports to help you overcome this grave situation.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visithttps://www.fortunebusinessinsights.com/health-insurance-market-101985

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