Retail and group health insurance penetration rate India FY 2018-2030

Published by Sandhya Keelery, Aug 30, 2024
The penetration rate of retail and group health insurance across India stood at around nine percent as of financial year 2018. This value was estimated to increase over 28 percent by financial year 2030. Retail health insurance companies seemed to have the lowest claim ratios and thus, they were the most profitable.

Penetration rate of retail and group health insurance across India during financial year 2018 with a forecast for financial year 2025 and 2030

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Release date

October 2019

Region

India

Survey time period

FY 2018

Supplementary notes

* Estimates
India's financial year begins in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

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