In financial year 2021, group business health insurances had a market share of 48 percent in terms of gross premium. Individual or retail business class remained stable at a market share of 44 percent and the share of government business slightly decreased to over seven percent.
In terms of number of lives covered, government business had a market share of 66 percent in financial year 2021, whereas group business amounted for only 23 percent.
Market share of health insurance schemes across India from financial year 2011 to 2021, by segment
Characteristic
Government business
Individual business
Group business
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IRDA (India). (December 23, 2021). Market share of health insurance schemes across India from financial year 2011 to 2021, by segment [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1111618/india-market-share-of-health-insurance-by-segment/
IRDA (India). "Market share of health insurance schemes across India from financial year 2011 to 2021, by segment." Chart. December 23, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1111618/india-market-share-of-health-insurance-by-segment/
IRDA (India). (2021). Market share of health insurance schemes across India from financial year 2011 to 2021, by segment. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1111618/india-market-share-of-health-insurance-by-segment/
IRDA (India). "Market Share of Health Insurance Schemes across India from Financial Year 2011 to 2021, by Segment." Statista, Statista Inc., 23 Dec 2021, https://www.statista.com/statistics/1111618/india-market-share-of-health-insurance-by-segment/
IRDA (India), Market share of health insurance schemes across India from financial year 2011 to 2021, by segment Statista, https://www.statista.com/statistics/1111618/india-market-share-of-health-insurance-by-segment/ (last visited July 22, 2024)
Market share of health insurance schemes across India from financial year 2011 to 2021, by segment [Graph], IRDA (India), December 23, 2021. [Online]. Available: https://www.statista.com/statistics/1111618/india-market-share-of-health-insurance-by-segment/