India's health insurance market is surprisingly low, at just 1.08 percent.

according to a new study releasedthe National Insurance Institute of India
India's population is about1.1 billion, butthe proportion of people who buy health insurance is,only 1.08 percentthe report is based on business statistics from 16 insurance companies in India,the Timesof India reported25The report says India has been operating health insurance since 1986Since then, health insurers have been concentrated in five major cities,,Mumbai
, Kolkata , Bangalore and Chennai The report notes that the majority of the population living in suburban and rural areas is largely unintended to buy health insurance, and that insurance companies generally do not operate there The report says india's low rate of health insurance purchases is due to a variety of reasons, including the lack of hospital , the lack of companies that provide health insurance, the lack of coordination between hospitals and insurance companies, poverty and traditional cultural perceptions The report estimates that , the size of India's potential health insurance market to 300 million people