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
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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 October 09, 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 October 09, 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: October 09, 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 October 09, 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/