Navi Health Insurance clocks 95% growth in AP
Hyderabad: App-based Navi Health Insurance has reported a month on month growth of 95 per cent since May 2021. Customers in Andhra Pradesh have responded enthusiastically to Navi's 100 per cent digital, paperless health insurance launched last December. With wide coverage of 528 network hospitals across all 13 districts in Andhra Pradesh, ranging from Apollo Hospital in Chittoor to Karumuri Hospital in Guntur, the State has emerged among the important markets for Navi Insurance, contributing close to 5 per cent of the total policies sold since May.
Visakhapatnam, Gun tur and Kurnool are the fastest-growing markets in Andhra Pradesh for Navi Insurance. Nationally, Navi Insurance's business has grown by 110 per cent every month since May 2021. Customers can buy Navi Health Insurance through a quick and completely paperless process, with the policy issued to them instantly on the app. Navi's EMI feature makes it more affordable for a large number of customers. With monthly premiums starting from as low as Rs 241/month, 95 per cent of Navi's customers choose to pay premiums monthly.