New Delhi, Oct. 17 -- The festive season, coupled with the government's recent decision to make health insurance GST-free, has provided a strong boost to India's insurance market.

According to an analysis by Policybazaar, insurance payments between September 22 and October 14 grew 14 per cent week-on-week and 35 per cent year-on-year, driven by festive spending and consumer preference for flexible and digital payment modes.

The analysis highlighted that the 0 per cent GST reform on health insurance and a surge in vehicle purchases during the Navratri-Diwali period acted as major catalysts for this growth.

It stated "Between September 22 and October 14, insurance payments grew 14 per cent week-on-week and 35 per cent year-on-year, coinc...