Few years back we were very
enthusiastic about the growth of Health Insurance portfolio. This was
especially true during 2007-08, when this portfolio grew from Rs 3210 Cr to Rs
5110 Cr. i.e by 59.20%. Let us look at the growth figures from 2006 to 2013:
% Growth of
Health Insurance over the Years
Year
|
Amount (Rs Crores)
|
% Growth
|
2006-2007
|
3210
|
14.45
|
2007-2008
|
5110
|
59.20
|
2008-2009
|
6634
|
29.82
|
2009-2010
|
8305
|
25.68
|
2010-2011
|
11480
|
38.22
|
2011-2012
|
13184
|
14.84
|
2012-2013
|
15341
|
16.36
|
We have drawn graph showing the % growth YOY and, it shows that figure is fluctuating and is becoming less and less attractive as the years have passed by.
Let us try to make projections for next 6 years.
We have done this with growth rate of 12%, 20%, 30% &
60%.
If we achieve figure of 30% then the portfolio will be Rs 56960 Cr. in 2017-2018.
If we achieve figure of 30% then the portfolio will be Rs 56960 Cr. in 2017-2018.
If some one asks me- What should
be the growth with which you I will be happy?- I will say it should not be 30%
gross but it should be 30% net (as we have to discount for inflation of 10% per
annum in normal costs and 20% per annum in health care costs). Let us not be
satisfied with meager growth of 16%- let us aim for 60%.
It means we should have growth of
60% year over year and then the figure will reach Rs 160862 crores in 2017-18
No comments:
Post a Comment