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Hiring slowdown slowing health insurance growth, says Medi Assist CEO | Company Business News

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Hiring slowdown slowing health insurance growth, says Medi Assist CEO | Company Business News

The slowdown in corporate hiring is impacting the growth of healthcare insurance premiums in India. However, this decline is partially offset by employees opting for additional coverage beyond what their employer provides. Many employees are adding family members to their plans, purchasing add-ons, and seeking outpatient coverage. The number of outpatient claims has surpassed in-patient claims in recent years, indicating a shift in healthcare preferences. Despite the challenging environment, Medi Assist, India's largest third-party administrator, experienced a growth in premium under management and is focusing on both group and retail premiums for future growth. They are also working towards acquiring Paramount TPA to increase their market share.

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