DUBLIN–(BUSINESS WIRE)–The “India Health Insurance Market 2022” Report has been added to from ResearchAndMarkets.com offer.
Nearly 950 million individuals (ie 215 million families) are eligible for health insurance. However, actual coverage is low since not all households eligible for government-subsidized insurance are currently covered. In addition, there are overlaps between different health insurance schemes.
Health Insurance Market was valued at INR 1,886.25 Billion in FY 2021. It is expected to reach INR 2,517.90 Billion by FY 2027, expanding at a CAGR of approximately 5 .12% over the period 2021 – 2027e. Since state-subsidized schemes are expected to cover the eligible population, the potential health insurance coverage is 70% (based on the existing landscape).
Technology can help optimize processes, reduce costs and expand the customer base of market players. Health insurance companies have invested in innovative technologies such as automation, AI and big data. The Internet of Things (IoT) helps to obtain detailed data and information to organize risk management tools and systems. Additionally, it helps strengthen the repository of customer information, enabling companies to offer timely and relevant coverage based on individual needs. As the IoT can generate large volumes of customer data, brokers also offer additional value-added services through data analysis and management.
Emerging health insurance companies are occupying the highly competitive health insurance space. With strong demand, public and private players are now aiming to increase their offers and improve the quality of service, in order to dominate the market. Players are focusing on scaling their businesses and portfolios to meet the strong market potential.
Main topics covered:
Chapter 1: Executive Summary
Chapter 2: Socio-economic indicators
Chapter 3: Overview
3.1. Market definition and structure
Chapter 4: Health Insurance in India – Industry Analysis
4.1. Health Insurance in India – Industry Analysis
4.2. Penetration and density of non-life insurance in India
4.3. Insurance Sector Regulatory Authority
Chapter 5: Health Insurance Market in India – An Overview
5.1. Market Size and Growth Forecast – Based on Gross Direct Premium Income (FY 2019 – FY 2027e)
5.2. Operating model
5.3. Major Services Provided by Brokers in India
5.4. Future growth prospects
5.5 Business model of insurance brokers in India
Chapter 6: Impact of COVID-19
6.1. Impact on the health insurance industry
6.2. Industry post-pandemic scenario
Chapter 7: Market Trends
7.1. Market trends
Chapter 8: Market Influencers
8.1. Market factors
8.2. Market Challengers
Chapter 9: Competitive Landscape
Chapter 10: Recent Developments
10.1. RECENT DEVELOPMENTS
Chapter 11: Appendix
Aditya Birla Health Insurance Limited
Bajaj Alliance General Insurance Limited
Edelweiss General Insurance Limited
IFFCO Tokio General Insurance Company Limited
ICICI Lombard General Insurance Company Limited
Magma HDI General Insurance Co Ltd.
Niva Bupa Health Insurance Company Limited
Reliance General Insurance Company Limited
Tata AIG General Insurance Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/3t2yy1