Market share of retail health insurance in India FY 2023-2024, by companies

Published by A. Minhas, May 7, 2025

Star Health had the highest market share in the retail health insurance market in India between the financial years 2023 and 2024, about 30 percent. Comparatively, Bajaj Allianz had the least market share at about 1.5 percent for the same years. 

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Market share of retail health insurance companies in India between financial years 2023 and 2024, by companies

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Release date

June 2024

Region

India

Survey time period

FY 2023 and FY 2024

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2025 started in April 2024 and ended in March 2025. 

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Market overview

3

Companies

5

Premiums

6

"Eigen risico"

6

Health expenditure

6

Costs per person

6

Defaulters

5

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Topics

Health insurance in India Health insurance in the U.S. Health insurance in South KoreaHealth insurance in ChinaHealth insurance industry in Japan
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