Mumbai, Dec. 17 -- The recent exemption of retail health insurance from the goods and services tax regime has helped reduce premiums. But that alone is not enough to drive growth as the industry continues to battle issues such as high medical inflation, inadequate coverage, differentiated healthcare and claims experience, insurers said in a panel discussion at Mint's BFSI Conclave 2025.

"The premiums have come down by 18%. Does it mean that everyone is going to take insurance? No, that's not going to happen immediately. It's going to take time.price is one of the levers," said G. Srinivasan, managing director and chief executive officer at Galaxy Health Insurance, adding that there is a need not just for more people to buy health insuran...