India Health Insurance Market Report 2022-2027: Rising Cost of Healthcare and Private Organizations Providing Employer-Sponsored Health Insurance Plans Driving Growth –

DUBLIN–(COMMERCIAL WIRE)–The “India Health Insurance Market (2022-2027) by Plan Type, Duration, Application, Coverage, Type, Age Group, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis” Report has been added to offering.

India’s health insurance market is estimated to be USD 122.11 billion in 2022 and is expected to reach USD 198.45 billion by 2027, growing at 10.2% CAGR.

Market segmentation

  • The Indian health insurance market is segmented based on plan type, duration, application, coverage, type and age group.

  • Type of Plan, the market is classified into Medical Insurance, Critical Illness Insurance, Floating Family Health Insurance and Others.

  • Duration, the market is classified into Life Coverage and Term Insurance.

  • Application, the market is categorized into Direct Sales, Brokers and Agents, Bankers, and Others.

  • Coverage, the market is categorized into Preferred Provider Organizations, Point of Service, Health Maintenance Organization and Exclusive Provider Organization.

  • Type, the market is classified into Group and Individual.

  • Age Group, the market is classified into Seniors, Adults and Children.

competitive quadrant

The report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the Indian health insurance market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to devise strategies for company growth. The matrix can be used to assess approaches in four strategies, viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is ​​also used for risk analysis to understand the risk involved in each approach.

Report Highlights:

  • A complete analysis of the market, including the parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current and projected market size based on value and volume

  • Market Shares and Strategies of Key Players

  • Recommendations to companies to strengthen their presence in the market

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive summary

4 Market Dynamics

4.1 Drivers

4.1.1 Increased cost of medical care

4.1.2 Increase in demand with pandemic

4.1.3 Private Organizations Providing Employer-Sponsored Health Insurance Plans

4.2 Restrictions

4.2.1 Eligibility Rules

4.3 Opportunities

4.3.1 Insurtech boom

4.3.2 Increased demand for quality private care

4.4 Challenges

4.4.1 Costs are exacerbated by an aging population

4.4.2 Some Health Services and Medical Expenses Not Covered

5 Market Analysis

5.1 Regulatory scenario

5.2 Porter’s five forces analysis

5.3 Impact of COVID-19

5.4 Analysis of the Ansoff matrix

6 India Health Insurance Market, By Plan Type

6.1 Introduction

6.2 Medical Insurance

6.3 Critical illness insurance

6.4 Floating family health insurance

6.5 Others

7 India Health Insurance Market, By Duration

7.1 Introduction

7.2 Lifetime coverage

7.3 Term Insurance

8 India Health Insurance Market, by Application

8.1 Introduction

8.2 Direct Sales

8.3 Brokers and Agents

8.4 Bankers

8.5 Others

9 Indian health insurance market, by coverage

9.1 Introduction

9.2 Preferred Provider Organizations

9.3 Point of Services

9.4 Health maintenance organization

9.5 Organization of exclusive suppliers

10 India Health Insurance Market, By Type

10.1 Introduction

10.2 Group

10.3 Individual

11 India Health Insurance Market, By Age Group

11.1 Introduction

11.2 Seniors

11.3 Adult

11.4 Children

12 Competitive Landscape

12.1 Competitive Quadrant

12.2 Market share analysis

12.3 Strategic initiatives

12.3.1 Mergers and Acquisitions and Investments

12.3.2 Partnerships and collaborations

12.3.3 Product developments and improvements

Companies mentioned

  • 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

  • ergonomic HDFC

  • 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

  • Limited maximum life insurance company

  • Navi General Insurance Limited

  • Niva Bupa Health Insurance Limited

  • Reliance General Insurance Company Limited

  • OSE General Insurance

  • Star Health and Allied Insurance Co Ltd

  • Tata AIG General Insurance Company Limited

  • Oriental Insurance Company Ltd.

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