Medical Insurance Sector Reports Significant Growth

The insurance industry has reported a big jump in medical insurance policies sold in the last calendar year that ended in March. 
Bimeh-Dari Novin, a local magazine specialized in insurance news, reviewed the growth in insurance policies in each category and their overall premium income. 
It said medical insurance was in the lead in total policies sold with 178.8% year-on-year rise. The average growth of this segment was 36.53% over five years to March 2021.
The progress is likely due to the insurers’ measures after the Covid pandemic struck in February 2020. Soon after the virus spread insurers were told to broaden the scope of medical insurance to cover several costs, including medicine approved to fight the deadly virus by the Health Ministry.