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Market: Health Insurance sector to grow at CAGR of 10.2%

Fiinews by Fiinews
July 8, 2022
in Markets
Reading Time: 2 mins read
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The market is estimated at $122.11 bn in 2022

India’s Health Insurance Market is expected to reach US$198.45 billion by 2027, growing at a CAGR of 10.2%, based on assessments from 21 insurance companies in the country.

It is estimated to be US$122.11 billion in 2022, according to a ResearchAndMarket report “India Health Insurance Market (2022-2027), released on 5 July 2022.

The sector is led by:

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

HDFC ERGO

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. fiinews.com

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