India Health Insurance Market Offers Huge Growth Potential for New Entrants, Says RNCOS in Its New Research Report Available at MarketPublishers.com08 Dec 2017 • by Natalie Aster
LONDON – India is amidst the most populated countries globally, with its population estimated at appr. 1.3 billion. Therefore, the Indian health insurance market offers lucrative growth opportunities for companies active in this marketplace.
During 2015-2016, the Indian market for health insurance exhibited colossal growth at a CAGR of 31%. In terms of insurance schemes types, the whole market is dominated by the group health insurance schemes, that grab a share of about 48%.
Regionally, the Indian health insurance market is led by Maharashtra, capturing a share of 31%. Meantime, the eastern part of India demonstrates unrivalled growth potential for the market players.
The Indian health insurance market is currently demonstrating robust growth along with a huge increase of people covered under health insurance policies. In June 2016, The Insurance Regulatory and Development Authority of India (IRDAI), the country’s insurance regulatory body, in the wake of expanding digitisation, introduces the e-commerce exposure draft that allows the customers to buy and sell insurance policies via online portals.
New research report by RNCOS E-Services, titled “Health Insurance Market - The Changing Dynamics”, provides a reader with a clear picture of the Indian health insurance market scenario, focusing on the changing dynamics, historical and current market trends, growth drivers and challenges, and also the recent market developments. Moreover, the report includes a deep analysis of the market segmentation. Besides, the report traces light on the market competitive landscape, examines the key government policies and regulations, comprises statistical data on the market performance during the past 4 years. Additionally, this publication points out the most prominent regions in the Indian health insurance market and discusses emerging growth prospects. A granular future outlook is available here, too.
A whole list of in-demand research reports by RNCOS E-Services is provided at its online page at MarketPublishers.com.