The health insurance industry in India is among the world’s most prolific ones, with a large untapped potential existing for public and private insurers. In fact, health insurance is the second largest segment in the non-life insurance vertical in India. According to a new research report by RNCOS, the health insurance segment has picked up pace in last two fiscals, and is set to reach new heights in the coming few years. Due to increasing healthcare costs and awareness, the segment is expected to grow further with gross premiums estimated to scale up at a CAGR of around 32% during FY 2011-FY 2014.
Research Analysis & Highlights
The report, “Booming Health Insurance in India” is spread over 85 pages and provides an in-depth research and rational analysis of the current status and expected position of the health insurance market in India. The study thoroughly examines the prominent emerging trends and drivers, which are fueling the industry’s growth and development. Highlighting major segments, it also facilitates information on most popular insurance schemes in India. Indispensable information has been included in the report to help clients understand the market dynamics and get an insight into the industry at the micro level. Overall, the research aims at depicting the Indian health insurance industry’s unbiased picture to clients.
Some of the key findings of the report are:
- Rural market will grow stupendously in coming years.
- Government and non-government schemes will post magnificent growth.
- Electronic insurance policy has been gaining popularity.
- TPA infrastructure will help boost the Indian health insurance market.
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