Khabor Wala Desk
Published: 9th May 2026, 8:04 PM
Health insurance further consolidated its position within India’s non-life insurance sector in the financial year 2025–26, with its market share rising to 40.8%, up from 38.6% in the preceding year. This expansion reflects sustained demand and stronger premium growth relative to other segments of the industry.
During FY26, premium collections in the health segment increased by 15.4% to approximately ₹1.4 lakh crore. This growth outpaced the overall non-life insurance industry, which recorded a more modest expansion of 9.3%. Consequently, the total gross direct premium income (GDPI) for the non-life sector reached nearly ₹3.4 lakh crore.
Standalone health insurers continued to play a significant role in driving this growth. They accounted for 32.7% of total health insurance premiums, underwriting ₹44,863.7 crore out of the industry-wide health premium of ₹1,37,144.5 crore. Among insurers, New India Assurance emerged as the leading provider in the health segment, registering premiums of ₹21,531.5 crore and securing a 15.7% market share. It was followed by Star Health & Allied Insurance with ₹18,435 crore in premiums, corresponding to a 13.4% share. Care Health Insurance reported premiums of ₹9,768.4 crore, capturing 7.1% of the market. Other notable contributors included ICICI Lombard and Niva Bupa Health Insurance, though detailed figures for these firms were not fully specified.
A breakdown of key health insurance contributors is presented below:
| Insurer | Premiums (₹ crore) | Market Share (%) |
|---|---|---|
| New India Assurance | 21,531.5 | 15.7 |
| Star Health & Allied Insurance | 18,435.0 | 13.4 |
| Care Health Insurance | 9,768.4 | 7.1 |
Beyond health insurance, other segments displayed varied performance trends. Personal accident insurance recorded the fastest growth rate within the non-life sector, expanding by 35%. This sharp increase raised its market share to 3.5%, up from 2.8%, with premiums reaching ₹11,603.7 crore.
The engineering segment also posted steady growth, increasing by 13.1% to ₹6,801.5 crore and maintaining a 2% market share. Liability insurance remained relatively stable, with a 1.8% share and premiums totalling ₹5,993.3 crore, reflecting a growth rate of 9.6%.
In contrast, marine insurance experienced a slight contraction in market share, declining to 1.7% from 1.8%, despite achieving premium growth of 5.7% to ₹5,819.5 crore. Aviation insurance reported premiums of ₹1,089.3 crore, with a marginal decline of 0.8% during the period.
Overall, FY26 data indicates that health insurance continues to be the primary growth driver within India’s non-life insurance sector, supported by strong premium expansion and increasing market penetration relative to other segments.
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