Indian insurance professionals analyze health sector data in a busy office.
New Delhi, India – Health insurance has solidified its position as the largest segment within India’s non-life insurance industry, reaching a 40.8% market share in the fiscal year 2026. This marks a notable increase from the 38.6% share recorded in the previous fiscal year.
The health insurance segment demonstrated strong performance, growing by 15.4% to approximately Rs 1.4 lakh crore. This expansion significantly outpaced the overall non-life insurance industry’s growth rate of 9.3%. Consequently, the total gross direct premium income for the non-life sector neared Rs 3.4 lakh crore.
This trend underscores the increasing importance of health coverage within the Indian financial landscape and highlights the dynamic growth within this specific insurance vertical.
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