Comparative Performance of Health Insurance Business of Public and Private General Insurance Companies in India

The study is an endeavour to analyse the comparative performance of health insurance business of public and private general insurance companies for the period from 2006-07 to 2011-12 using the Mann- Whitney Test. The comparative performance of the health insurance business of 4 public, 8 private general insurance companies and 2 standalone health insurance companies has been examined using the Claim Ratio and Net Retention Ratio. These ratios have been analysed and interpreted by calculating mean, median, standard deviation and coefficient of variation. It has been found that the mean of claim ratio was -2.82 (p>0.05) and mean of net retention ratio was -1.98 (p>0.05) which showed significant difference between the claim ratio and net retention ratio of health insurance business of public and private general insurance companies.