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Health insurance sector market size India FY 2018-2030

The market size of the Indian health insurance sector was about 370 billion Indian rupees in financial year 2018. This was projected to cross over two trillion rupees by financial year 2030. This growth was projected taking into account the rising income levels, increasing awareness in urban areas and growing lifestyle related health demands.
Market size of the health insurance sector was calculated by taking into account the number of lives covered and the price per life.

Market size of the health insurance sector across India during financial year 2018 with a forecast for financial year 2030

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Sources

Release date

October 2019

Region

India

Survey time period

FY 2018

Supplementary notes

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

One Indian rupee is equal to 0.013 U.S. dollars and 0.012 euros (as of May 2020).

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