Press Information Bureau

Government of India

Ministry of Finance

11-April-2017 18:00 IST

As per the information furnished by Insurance Regulatory and Development Authority of India (IRDAI), the health insurance premium collected by all general and health insurance companies in the past three years including the share of public sector and private sector insurance companies is as under:

(Amount in Rs. crores)
Sectors	2013-14	2014-15	2015-16
Private Sector General insurers	4482	4386	4911
Stand-alone Health Insurers	2172	2828	3946
Private Sector Companies Total	6654 (38%)	7214 (36%)	8857 (36%)
Public Sector Companies Total	10841(62%)	12882(64%)	15591(64%)
Industry Total	17,495 (100)	20,096 (100%)	24,448 (100%)

Note: Figures in the bracket indicate the share in total health insurance premium.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.

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DSM/KA

Health insurance premium collection shows public sector retains majority market share while private and stand-alone insurers' premiums rose. Health insurance premium collections for 2013-14 through 2015-16 show rising industry totals and sectoral distribution: the public sector maintained a majority share each year while private sector totals, including private general and stand-alone health insurers, increased in absolute terms; the figures were provided in reply to a parliamentary question to inform policy and oversight.