Tabnak, January 11: The variety of medical insurance coverage insurance policies issued by the nation’s insurance coverage firms rose to 2.82 million within the 9 months ended December 20, in keeping with statistics launched by Iran’s Central Insurance (Bime Markazi) on Saturday. The quantity reached over 5,000, a rise of 74.5% from the earlier yr. Same time final yr.
Domestic insurance coverage firms earned 1,274 trillion rials ($1.57 billion) in medical health insurance premiums within the April-December interval, an 84.2% improve from the identical interval final yr, the regulator mentioned.
The report mentioned that medical insurance coverage premiums accounted for 39.2% of all premiums generated in Iran’s personal insurance coverage sector within the 9 months ending in late December, together with all insurance coverage premiums issued within the sector throughout the identical interval. He added that solely 7.4% of the cash went to medical insurance coverage.
The sector’s claims funds rose 62.5% year-on-year to R714 trillion within the April-December interval, accounting for 42.6% of the business’s complete funds.
The development in Iran’s medical health insurance sector comes as the price of medical providers, together with the worth of medicines, has elevated within the nation in current months.
Bime Markazi mentioned the overall variety of insurance coverage insurance policies issued by Iranian insurance coverage firms within the 9 months to the top of December amounted to greater than 59.7 million, a rise of seven% in comparison with the identical interval in 2023.
Total premiums generated by the business reached 3,248 trillion rials (greater than $4 billion) within the April-December interval, a rise of 59.3% year-on-year, it mentioned.