About the Health Insurance Industry –

The Indian health insurance industry has emerged as one of the fastest-growing segments within the broader insurance ecosystem, driven by rising healthcare costs, increasing disease burden, and a growing awareness of financial protection. Since liberalisation in 2000, the sector has expanded significantly, with 30+ insurers (including standalone health insurers, general insurers, and life insurers) now offering health-related products. The pandemic further accelerated adoption, highlighting the need for comprehensive health coverage and preventive care. The industry’s gross written premium (GWP) crossed ?90,000 crore in FY 2024, accounting for over 35 % of the total non-life insurance market. Regulatory focus by IRDAI on improving product standardisation (e.g., Arogya Sanjeevani), claim transparency, and digital interoperability (through NHCX and Ayushman Bharat Digital Mission) has also enhanced consumer trust and industry maturi...