Fellocraft Research — Market Share Analysis

India Health Insurance Market Share

Gross Written Premium (GWP) by insurer — FY 2024–25. Total market: ₹1,17,505 crore across retail and group health insurance. Click any segment or legend item to explore.

Research by Fellocraft.com — B2C Insurance Content Strategy

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₹1,17,505 Cr

Total market FY25

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Click any segment or company in the legend to see detailed stats

Market insight

Star Health dominates retail health insurance with ~33% market share — more than the next three standalone health insurers combined. The top 10 players account for 80% of total health insurance business in FY25, with public sector insurers still dominating group health while standalone health insurers dominate retail.

Data source: IRDAI Annual Report FY 2024–25 and public disclosures. Total health insurance premiums = ₹1,17,505 crore (retail + group). Retail health total = ₹47,300 crore. Group health total = ₹60,800 crore. Remaining ~₹9,400 crore includes government schemes and other segments. Market share figures are directional estimates based on publicly available IRDAI segment-wise data and company disclosures. Individual company breakdowns for group health are estimated from available public data. Source: Cafemutual, IRDAI FY25 data.