In Iran, the acquisition of medical health insurance from personal medical health insurance corporations has elevated considerably. More than 2.825 million new medical insurance coverage insurance policies had been bought within the nation within the 9 months from April to December 2024. However, the price of medical companies additionally elevated in 2024.
According to knowledge launched by Iran’s Central Insurance (Bimeh Markazi), the variety of medical insurance coverage insurance policies issued within the 9 months ending December 2024 elevated by 74.5% in comparison with the identical interval final yr.
The Iranian Insurance Regulatory Authority introduced that the nation’s insurance coverage corporations earned 1,274 trillion rupees ($1.57 billion) in medical health insurance premiums from April to December 2024, a rise of 84.2% from the identical interval final yr. elevated.
Health insurance coverage premiums contributed roughly 39.2% of the whole premiums generated by the home personal insurance coverage sector within the 9 months ending in late December 2024. Bime Markazi stated medical insurance coverage contributed solely 7.4% of all insurance coverage insurance policies issued within the sector throughout the identical interval in 2024. Last yr.
Insurance claims funds within the medical sector reached 714 trillion rupees from April to December 2024, a rise of 62.5% year-on-year, accounting for 42.6% of the whole business funds.
The development in Iran’s medical health insurance sector comes amid rising prices of medical companies, together with home drug costs, in current months.
Bime Markazi stated the whole variety of insurance coverage insurance policies issued by Iranian insurance coverage corporations 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 IRR 3,248 trillion (over $4 billion) from April to December 2024, a rise of 59.3% year-on-year.