Booming Health Insurance in India

Indian health insurance market has emerged as a new and lucrative growth avenue for both existing players as well as new entrants. It represents one the fastest growing and second largest non-life insurance segments in the country. Despite adverse economic environment across the world, Indian health insurance market continued to post record growth during the last two fiscals (2008-09 and 2009-10). Moreover, as per our estimations, health insurance gross premium is expected to grow at a CAGR of around 26% during 2010-11 - 2013-14.

Currently, the market is dominated by public sector insurers, and all the private health insurers collectively account for less than half of the total health insurance premium written in the country. However, with fast expanding private health insurers, the trend will soon reverse; the market will be dominated by private insurers in the next few years.

According to our latest research report “Booming Health Insurance in India”, although Indian health insurance market has seen rapid expansion during the past couple of years, it remains largely underpenetrated because of various shortcomings that need to be addressed. We have figured out some critical shortcomings including low awareness, non-coverage of out-patient care & existing diseases, inefficient cost management, product reach in rural areas, and weak retail distribution model.

The report provides relevant statistics and in-depth analysis on Indian health insurance market. It highlights all the emerging trends including the key factors driving the market growth and the key challenges confronted by the industry. The report also identifies possible growth areas for expansion and provides a detail overview of the competitive landscape.

Moreover, the report presents industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report provides a comprehensive and coherent analysis of the Indian health insurance market that will certainly prove decisive for clients.
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1. Analyst View
2. Macroeconomic Analysis
3. Insurance Market Overview
4. Industry Overview
4.1 Market Structure
4.2 Leading Health Insurers
4.3 Claims Paid
4.4 TPAs Infrastructure
5. Industry Trends
5.1 Consumer Behavior
5.2 Shift towards Rural Market
5.3 Telemedicine
5.4 Booming Healthcare Infrastructure
5.5 Health-cum Life Insurance Products
5.6 State-run Health Insurance Programs
6. Regulatory Framework
7. Issues Need to be Addressed
7.1 Coverage of Out-patient Care & Existing Diseases
7.2 Inefficient Cost Management
7.3 Product Reach in Rural Areas
7.4 Weak Retail Distribution Model
8. Key Players
8.1 Public Sector Non-life
8.1.1 New India
8.1.2 United India
8.2 Private Sector Non-life
8.2.1 ICICI Lombard
8.2.2 Bajaj Allianz
8.3 Standalone Health
8.3.1 Star Health & Allied Insurance
8.3.2 Apollo Munich Health Insurance
[Inhaltsverzeichnis ausblenden]

Figure 2-1: Life Expectancy (Years), 2009-2013
Figure 2-2: Population Breakup by Gender (%), 2009
Figure 2-3: Population Breakup by Age Group (%), 2009 & 2010
Figure 3-1: Gross Insurance Premium (Billion US$), 2008-09 & 2009-10
Figure 3-2: Break-up of Gross Insurance Premium in Life & Non-life (%), 2009-10
Figure 3-3: Breakup of Non-life Gross Insurance Premium (%), 2009-10
Figure 4-1: Health Insurance Gross Premium (Crore Rs), 2008-09 to 2013-14
Figure 4-2: Share of Health Insurance in Gross General Insurance Premium (2008-09 & 2009-10)
Figure 4-3: Health Insurance Gross Premium by Insurer Category (Crore Rs), 2008-09 & 2009-10
Figure 4-4: Leading Health Insurers by Premium (%), 2009-10
Figure 4-5: Health Insurance Claims paid (Crore Rs), 2007-08 to 2009-10
Figure 5-1: Healthcare Infrastructure Density (per ‘000), 2008 & 2025
Figure 8-1: New India - Share of Health Insurance in Net Premium Income (2009-10)
Figure 8-2: United India - Share of Health Insurance in Net Premium Income (2009-10)
Figure 8-3: ICICI Lombard - Share of Health Insurance in Net Premium Income (2009-10)
Figure 8-4: Bajaj Allianz - Share of Health Insurance in Net Premium Income (2009-10)
Figure 8-5: Star Health & Allied Insurance - Share of Health Insurance in Net Premium Income (2009-10)
Figure 8-6: Apollo DKV Health Insurance - Share of Health Insurance in Net Premium Income (2009-10)
Table 2-1: Economic Overview (2008-09 to 2012-13)
Table 4-1: Health Insurance Gross Premium by Insurer (Crore Rs), 2009-10
Table 4-2: Health Insurance Claims Paid by Disease (Crore Rs), 2009-10
Table 4-3: Number of Cases with respect to Length of Hospital Stay (2009-10)
Table 4-4: TPA Infrastructure (2008-09)
Table 8-1: New India - Health Insurance Statistics (Crore Rs), 2008-09 & 2009-10
Table 8-2: New India - Product Portfolio
Table 8-3: United India - Health Insurance Statistics (Crore Rs), 2008-09 & 2009-10
Table 8-4: ICICI Lombard - Health Insurance Statistics (Crore Rs), 2008-09 & 2009-10
Table 8-5: Bajaj Allianz - Health Insurance Statistics (Crore Rs), 2008-09 & 2009-10
Table 8-6: Star Health & Allied Insurance - Health Insurance Statistics (Crore Rs), 2008-09 & 2009-10
Table 8-7: Apollo DKV Health Insurance - Health Insurance Statistics (Crore Rs), 2008-09 & 2009-10
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