Health insurance market in FY2007 is estimated to be USD659.1m registering a growth of 30% compared with FY2006. In FY2006,the life insurance market occupied the major pie constituting 83.82% of the insurance market. The non-life segment is still in its growing phase with the market occupancy of 16.18%. In FY2006 health insurance covered only 1% of the population of the country and accounted for 1.2% of the total healthcare expenditure. However health insurance is growing very fast and according to estimates health insurance premiums are expected to reach USD856.83m in 2007-08.
This report has attempted to discuss the vital scenario in healthcare and health insurance market in India. A brief about global insurance industry in 2006, Indian insurance industry and health insurance industry overview are discussed. Growth drivers and issues of the industry are also covered. Major public and private players are covered in terms of their performance, products and outlook. Future outlook of the industry is also discussed.
