India Health Insurance Market Report 2022-2027: Increased Cost of Healthcare & Private Organisations Providing Employer-Sponsored Health Insurance Plans Driving Growth –


DUBLIN–(BUSINESS WIRE)–The “India Health Insurance Market (2022-2027) by Plan Type, Duration, Application, Coverage, Type, Age Group, Competitive Evaluation and the Impact of Covid-19 with Ansoff Evaluation” report has been added to’s offering.

India’s Health Insurance Market is estimated to be USD 122.11 Bn in 2022 and is predicted to achieve USD 198.45 Bn by 2027, growing at a CAGR of 10.2%.

Market Segmentation

  • India’s Health Insurance Market is segmented based on Plan Type, Duration, Application, Coverage, Type, and Age Group.
  • Plan Type, the market is assessed into Medical Insurance, Critical Illness Insurance, Family Floater Health Insurance, and Others.
  • Duration, the market is assessed into Life-Time Coverage, and Term Insurance.
  • Application, the market is assessed into Direct Sales, Brokers and Agents, Bankers, and Others.
  • Coverage, the market is assessed into Preferred Provider Organizations, Point of Services, Health Maintenance Organization, and Exclusive Provider Organisation.
  • Type, the market is assessed into Group, and Individual.
  • Age Group, the market is assessed into Senior Citizen, Adult, and Children.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to investigate and evaluate the position of corporations based on their Industry Position rating and Market Performance rating. The tool uses various aspects for categorizing the players into 4 categories. A few of these aspects considered for evaluation are financial performance over the past 3 years, growth strategies, innovation rating, recent product launches, investments, growth in market share, etc.

Ansoff Evaluation

The report presents an in depth Ansoff matrix evaluation for India’s Health Insurance Market. Ansoff Matrix, also generally known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the expansion of the corporate. The matrix might be used to judge approaches in 4 strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix can also be used for risk evaluation to know the chance involved with each approach.

Report Highlights:

  • An entire evaluation of the market, including the parent industry
  • Necessary market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and methods of key players
  • Recommendations to corporations for strengthening their foothold out there

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

4 Market Dynamics

4.1 Drivers

4.1.1 Increased Cost of Healthcare

4.1.2 Demand Increase with Pandemic

4.1.3 Private Organisations Providing Employer-Sponsored Health Insurance Plans

4.2 Restraints

4.2.1 Eligibility Regulations

4.3 Opportunities

4.3.1 Rise of Insurtech

4.3.2 Increased Demand for Quality Private Care

4.4 Challenges

4.4.1 Costs are Exacerbated by the Aging Population

4.4.2 Some Healthcare Services and Medical Expense Not Covered

5 Market Evaluation

5.1 Regulatory Scenario

5.2 Porter’s Five Forces Evaluation

5.3 Impact of COVID-19

5.4 Ansoff Matrix Evaluation

6 India’s Health Insurance Market, By Plan Type

6.1 Introduction

6.2 Medical Insurance

6.3 Critical Illness Insurance

6.4 Family Floater Health Insurance

6.5 Others

7 India’s Health Insurance Market, By Duration

7.1 Introduction

7.2 Life-Time Coverage

7.3 Term Insurance

8 India’s Health Insurance Market, By Application

8.1 Introduction

8.2 Direct Sales

8.3 Brokers and Agents

8.4 Bankers

8.5 Others

9 India’s Health Insurance Market, By Coverage

9.1 Introduction

9.2 Preferred Provider Organizations

9.3 Point of Services

9.4 Health Maintenance Organization

9.5 Exclusive Provider Organisation

10 India’s Health Insurance Market, By Type

10.1 Introduction

10.2 Group

10.3 Individual

11 India’s Health Insurance Market, By Age Group

11.1 Introduction

11.2 Senior Citizen

11.3 Adult

11.4 Children

12 Competitive Landscape

12.1 Competitive Quadrant

12.2 Market Share Evaluation

12.3 Strategic Initiatives

12.3.1 M&A and Investments

12.3.2 Partnerships and Collaborations

12.3.3 Product Developments and Improvements

Corporations Mentioned

  • Aditya Birla Health Insurance Co. Ltd.
  • Bajaj Allianz General Insurance
  • Care Health Insurance
  • Cholamandalam MS General Insurance Company Ltd
  • Edelweiss General Insurance Company
  • Go Digit General Insurance Limited
  • ICICI Lombard General Insurance Company
  • Kotak Mahindra General Insurance Company Ltd
  • Life Insurance Corporation of India
  • Magma HDI General Insurance Company
  • Manipal Cigna Health Insurance Company
  • Max Life Insurance Company Limited
  • Navi General Insurance Limited
  • Niva Bupa Health Insurance Limited
  • Reliance General Insurance Company Limited
  • SBI General Insurance
  • Star Health and Allied Insurance Co Ltd
  • Tata AIG General Insurance Company Limited
  • The Oriental Insurance Company Ltd

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