In FY26, health insurance cemented its spot as the biggest segment in India’s non-life insurance market. Its share rose to 40.8% from 38.6% a year earlier, while the segment expanded 15.4% to around Rs 1.4 lakh crore. Overall non-life premium growth was 9.3%, lifting gross direct premium income to nearly Rs 3.4 lakh crore.
India’s life insurance sector has crossed $1 trillion in assets under management, driven by rising savings and a fast digital shift in how people buy policies. Supportive regulation, better technology, and changing customer behavior are moving purchases online, expanding choice and tightening pricing. As protection merges with savings, life cover is becoming a mainstream financial tool.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
An insurers and hospitals meeting on October 9 has brought discharge delays back into focus, highlighting how policyholders continue to face waiting times during hospital discharge. The question now is whether coordination between insurers and healthcare providers can streamline approvals, documentation, and processes so patients spend less time caught between billing and discharge.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
