In financial year 2021, the private insurers across India held around 49 percent of the industry's market share, compared to 36 percent by public sector multi-line insurers. Standalone health insurers had a market share of around eight percent and specialized insurers had a market share of over six percent. Whereas private health insurers and specialized insurers gained market share compared to the previous year, the public sector insurers lost slightly.
In financial year 2002, public insurers held over 93 percent of the market share. In financial year 2019, the private insurers took the lead for the first time.
Market share of general insurers across India from financial year 2002 to 2021, by type
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IRDA (India). (December 23, 2021). Market share of general insurers across India from financial year 2002 to 2021, by type [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1075211/india-general-insurer-market-share-by-type/
IRDA (India). "Market share of general insurers across India from financial year 2002 to 2021, by type." Chart. December 23, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1075211/india-general-insurer-market-share-by-type/
IRDA (India). (2021). Market share of general insurers across India from financial year 2002 to 2021, by type. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1075211/india-general-insurer-market-share-by-type/
IRDA (India). "Market Share of General Insurers across India from Financial Year 2002 to 2021, by Type." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/1075211/india-general-insurer-market-share-by-type/
IRDA (India), Market share of general insurers across India from financial year 2002 to 2021, by type Statista, https://www.statista.com/statistics/1075211/india-general-insurer-market-share-by-type/ (last visited December 21, 2024)
Market share of general insurers across India from financial year 2002 to 2021, by type [Graph], IRDA (India), December 23, 2021. [Online]. Available: https://www.statista.com/statistics/1075211/india-general-insurer-market-share-by-type/
