Health Insurance Market Set To Explode In India by Shushmul Maheshwari

According to our research report “Booming Health Insurance in India” Indian health insurance market has emerged as a new and lucrative growth avenue for both existing players and new entrants. It represents one the fastest growing and second largest non-life insurance segment in the country. Despite adverse economic environment across the world, Indian health insurance market continued to post record growth in the last two fiscals (2008-09 and 2009-10). Moreover, as per our estimations, the health insurance premium is expected to grow at a CAGR of over 25% during the period 2009-10 to 2013-14.

Currently, the market is dominated by public sector insurers, and all the private health insurers collectively account for less than half the total health insurance premium written in the country. However, with the fast expanding private health insurers, this trend is to get reversed soon; and in next few years, the market will be dominated by private insurers. Although the Indian health insurance market has seen rapid expansion in the past few years, it remains largely underpenetrated because of various shortcomings that must be looked upon. We have figured out some of the critical shortcomings in our research report.

Our study provides relevant statistics and in-depth analysis on the Indian health insurance market. It highlights all the emerging trends including the key factors driving the market growth and the major challenges confronted by the industry. The report also identifies the possible growth areas for expansion and gives a detailed overview of the competitive landscape. In competitive landscape segment, the report studies both, public sector and private sector players.

Moreover, the report presents industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. It also studies the regulatory environment of health insurance market. Thus, the report provides a comprehensive and coherent analysis of the Indian health insurance market that will certainly prove decisive for clients.

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