Keywords : Health Insurance, healthcare expenditure, private health insurance, health plan
Synopsis The report provides detailed market analysis, information and insights into the Indian health insurance industry, including: • The Indian health insurance industry’s growth prospects with focus on key trends, drivers and challenges faced by the industry • The future outlook of various distribution channels in the Indian health insurance industry • The current competitive landscape in the Indian health insuranc...
More »
Search ReportLinker
The Largest Collection of Market Research Reports
» 1.2 Million Industry Reports
» 450,000 Company Profiles
» 850,000 Market Briefings
» 40,000 Country Guides
From +200,000 authoritative sources
- Publication date: January 2012
- Report price: $ 1 950
Synopsis
The report provides detailed market analysis, information and insights into the Indian health insurance industry, including:
• The Indian health insurance industry’s growth prospects with focus on key trends, drivers and challenges faced by the industry
• The future outlook of various distribution channels in the Indian health insurance industry
• The current competitive landscape in the Indian health insurance industry and the future outlook
• The customer targeting strategies and the product innovation strategies followed in the industry
• The profiles of the major companies in the industry
Executive Summary
Since the liberalization in 2000, the insurance industry in India has been growing considerably driven by multiple favorable economic and demographic factors. The Indian health insurance market grew at a CAGR of 34.00% during the review period and is expected to grow at a CAGR of 23.51% over the forecast period to register the fastest growth among all the insurance sectors. Factors such as robust economic growth, changing demographic patterns such as the rise in ‘double-income no kids’ families, increased FDI limits and the expansion of distribution channels are expected to contribute to the market growth in the forecast period. Of the overall healthcare expenditure in India, only 26% comes from the local, state and central government authorities, while nearly 71% is paid by the patient’s family. Insurance accounts for just 3% of overall healthcare expenditure in India, indicating a substantial opportunity for the health insurance sector. The health insurance market is dominated by public-sector companies, while the private sector has made gradual progress in the sector.
Scope
This report provides a comprehensive analysis of the health insurance market in India:
• It provides historical values for India’s health insurance industry for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in India’s health insurance industry, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including premium per capita, incurred loss, loss ratio and paid claims
• It details the competitive landscape in the Indian health insurance industry along with the product innovation and customer targeting strategies followed
• It analyses the various distribution channels for health insurance products in India
• It profiles the top health insurance companies in India along with snapshots of their major products and services
Reasons To Buy
• Assess the overall healthcare sector in India with focus on key trends such as medical tourism and telemedicine
• Make strategic business decisions using top-level historic and forecast market data related to the Indian health insurance industry
• Understand the demand-side dynamics, key market trends and growth opportunities within the Indian health insurance industry
• Assess the competitive dynamics in the health insurance industry and the future outlook
• Gain insights into the key regulations governing the Indian insurance industry
• Understand the product innovation strategies and the customer targeting strategies followed in the industry
Key Highlights
• The Indian health insurance market accounted for only 3.2% of the overall insurance industry in 2011. The driving factors for the health insurance sector are rising healthcare expenditure, increasing disposable income and the rise in the number of people with affluent lifestyles.
• During the review period, the penetration of Indian health insurance products increased from 0.07% in 2007 to 0.19% in 2011, as many new policies were sold in rural India.
• Although the health insurance market is currently dominated by public-sector companies, the top six private health insurance companies increased their cumulative market share from 17.2% to 29.1% during the review period
• One of the key challenges for the health insurance market is the low coverage of plans in terms of both the diseases and the hospitals covered
Managed Care Industry in India
Table of Contents
Executive Summary
2 Indian Health Insurance Market Attractiveness
2.1 The Healthcare Sector in India
2.2 Market Size and Growth Potential
2.3 Health Insurance Market – Growth Potential
2.4 Health Insurance Market – Benchmarking with BRIC Countries
3 Indian Health Insurance Market Trends and Drivers
3.1 Macroeconomic Fundamentals
3.1.1 GDP growth
3.1.2 Number of households
3.2 Business Trends and Drivers
3.3 Consumer Drivers
3.4 Regulatory Framework
4 Competitive Landscape & Key Market Indicators
4.1 Competitive Landscape
4.2 Key Market Indicators
4.2.1 Incurred loss
4.2.2 Loss ratio
4.2.3 Investment type
4.2.4 Premium per capita
4.2.5 Paid claims
5 Product Strategy and Customer Segmentation
5.1 Introduction
5.2 Customer Targeting Strategy
5.3 Current and Future Product Strategy
6 Distribution Channels
6.1 Distribution Channel Market Dynamics
6.2 Distribution Channel Forecasts
7 Challenges
8 Case Studies of Health Plans
8.1 Yeshasvini Co-operative Farmers’ Health Protection Scheme
8.2 Rajiv Gandhi Shilpi Swasthya Bima Yojana
8.3 LIC Health Protection Plus Scheme
9 Company Profiles
9.1 New India Assurance Co. Ltd
9.2 United India Assurance Co. Ltd
9.3 Oriental Insurance Co. Ltd
9.4 National Insurance Co. Ltd.
9.5 Star Health & Allied Insurance Co. Ltd.
9.6 ICICI Lombard General Insurance Co. Ltd.
9.7 Bajaj Allianz General Insurance Co. Ltd
10 Appendix
10.1 About BRICdata
10.1.1 Areas of expertise
10.2 Methodology
10.3 Definitions
10.4 Disclaimer
List of Tables
Table 1: Indian Insurance Industry by Segment (% Value), 2007–2016
Table 2: Indian Health Insurance – Market Size (INR Billion), 2007–2016
Table 3: BRIC Countries Health Insurance Performance Indicators, 2011
Table 4: Per Capita Annual Disposable Income in India (US$), 2007–2016
Table 5: Healthcare Expenditure in India (US$ Billion), 2007–2016
Table 6: Indian Health Insurance – Market Shares of Leading Companies (%), 2011
Table 7: Indian Health Insurance Market – Incurred Loss (INR Billion), 2007–2016
Table 8: Indian Health Insurance – Premium Per Capita (INR), 2007–2016
Table 9: Indian Health Insurance – Paid Claims (INR Billion), 2007–2016
Table 10: Indian Health Insurance – New Business Written Premium by Distribution Channel, 2007–2016
Table 11: New India Assurance Co. Ltd – Main Products and Services
Table 12: Oriental Insurance Co. Ltd – Main Products and Services
Table 13: National Insurance Co. Ltd – Main Products and Services
Table 14: Star Health & Allied Insurance Co. Ltd – Main Products and Services
Table 15: Insurance Industry Definitions
Table 16: Exchange Rates (INR-US$)
List of Figures
Figure 1: Overall and Government Per Capita Healthcare Expenditure (US$), 2011
Figure 2: Hospital Beds and Physicians per 10,000 People
Figure 3: Sources of Healthcare Expenditure in India
Figure 4: Indian Insurance Industry Dynamics by Segment (% Value), 2007–2016
Figure 5: Indian Health Insurance – Market Size (INR Billion), 2007–2016
Figure 6: Health Insurance Premiums in BRIC Countries (US$ Billion), 2011
Figure 7: Indian GDP at Constant Prices (US$ Billion), 2007–2016
Figure 8: Number of Households in India (Million), 2007–2016
Figure 9: Health Insurance Penetration in India (%), 2007–2016
Figure 10: Per Capita Annual Disposable Income in India (US$), 2007–2016
Figure 11: Healthcare Expenditure in India (US$ Billion), 2007–2016
Figure 12: Indian Health Insurance – Market Shares of Leading Companies (%), 2011
Figure 13: Indian Health Insurance – Incurred Loss (INR Billion), 2007–2016
Figure 14: Indian Health Insurance – Market Loss Ratio (%), 2007–2016
Figure 15: Indian Health Insurance – Investment Types, 2011 vs. 2016
Figure 16: Indian Health Insurance – Premium Per Capita (INR), 2007–2016
Figure 17: Indian Health Insurance – Paid Claims (INR Billion), 2007–2016
Figure 18: Indian Health Insurance – Customer Targeting Matrix
Figure 19: Indian Health Insurance – Written Premium by Distribution Channels, Market Share (%), 2011 vs. 2016
Companies mentioned
National Insurance Co. Ltd
New India Assurance Co. Ltd
United India Insurance Co. Ltd
Oriental Insurance Company Ltd
Bajaj Allianz General Insurance Co. Ltd
Star Health & Allied Insurance Co Ltd.
ICICI Lombard General Insurance Co. Ltd
Health Insurance in India
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2010
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2010
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2010
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2010
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
Managed Care in India
- $ 250
- Industry data
- January 2013
Yearly, From 2004 To 2021
By Business Monitor International
Source: AIOCD Pharmasofttech AWACS, Organisation of Pharmaceutical Producers of India (OPPI), BMI
- Industries : Managed Care
- Countries : India
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2021
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2010
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
- $ 250
- Industry data
- January 2013
Yearly, From January 01, 2012 To January 01, 2012
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
- $ 250
- Industry data
- January 2013
Yearly, From 1995 To 2021
By Business Monitor International
Source: World Health Organization (WHO), BMI
- Industries : Managed Care
- Countries : India
- Publication date: January 2012
- Report price: $ 1 950
