Health Insurance Coverage Grows, Supports Resilience

Health insurance is increasingly seen as essential for financial protection against medical emergencies, especially as healthcare costs continue to rise. In India, over 550 million people were covered by health insurance in 2023, demonstrating the sector's rapid expansion and significance. Experts argue that health insurance offers a more sustainable path to universal health coverage than free healthcare programs. Personal stories, such as that of a young software developer facing a health crisis, highlight the importance of obtaining health insurance early for both individuals and families. The insurance industry also contributes to broader economic and environmental resilience by adapting risk models to protect against climate-related risks and support sustainable blue economies. This evolving role underscores the need for increased insurance awareness and accessibility globally.