GST tailwinds continue to drive retail health insurance: Niva Bupa CFO

Niva Bupa reported a 47% rise in retail health insurance premiums in Q1, driven by the recent GST rate cut and an expanding distribution network.

Executive Director Vishwanath Mahendra noted that over 90% of new retail policies now have a sum insured exceeding ₹10 lakh.

The GST rate cut continues to provide tailwinds for retail health insurance growth, according to Niva Bupa's CFO.