India Group Health Insurance Market Growth, Size, Trend Analysis- By Plan Type, By Industry/Employer Type, By Distribution Channel, By Coverage Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

India Group Health Insurance Market Growth, Size, Trend Analysis- By Plan Type, By Industry/Employer Type, By Distribution Channel, By Coverage Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

India Group Health Insurance Market Introduction and Overview

According to SPER market research, ‘India Group Health Insurance Market Growth, Size, Trend Analysis – By Plan Type, By Industry/Employer Type, By Distribution Channel, By Coverage Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the India Group Health Insurance Market is predicted to reach USD XX Billion by 2033 with a CAGR of XX%.

A “group health insurance market” is a market for health insurance plans that cover a large number of people, usually those who are part of a firm, association, or organization. Employers usually provide this type of insurance as part of employee benefits packages, while it can also be provided to members of other trade, professional, or social organizations.

The India Group Health Insurance Market has been significantly impacted by the COVID-19 epidemic, which has accelerated certain trends and created new ones. On the one hand, the pandemic brought to light the urgent need for all-encompassing healthcare, which raised awareness of the advantages of group health insurance among companies and employees. To make sure that their employees were sufficiently covered in the event of a medical emergency, many companies, especially in the corporate sector, started to examine or increase their employee health coverage.

Scope of the Report:

Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Plan Type, By Industry/Employer Type, By Distribution Channel, By Coverage Type.
Regions covered Eastern region, Western region, Southern region, Northern region.
Companies Covered New India Assurance Company Limited, ICICI Lombard General Insurance, United India Insurance Company, Star Health and Allied Insurance Co. Ltd., Bajaj Allianz General Insurance, HDFC Ergo General Insurance, SBI General Insurance, Reliance General Insurance, Tata AIG General Insurance, ManipalCigna Health Insurance, and Others.

India Group Health Insurance Market Segmentation:

By Plan Type: Based on the Plan Type, India Group Health Insurance Market is segmented as; Basic Group Health Insurance, Comprehensive Group Health Insurance, Critical Illness Group Coverage, Top-up and Super Top-up Plans.

By Industry/Employer Type: Based on the Industry/Employer Type, India Group Health Insurance Market is segmented as; Large Corporates, Small and Medium Enterprises, Startups and Freelancers.

By Distribution Channel: Based on the Distribution Channel, India Group Health Insurance Market is segmented as; Direct (Corporate Tie-ups), Broker and Agents, Online Platforms.

By Coverage Type: Based on the Coverage Type, India Group Health Insurance Market is segmented as; In-Patient Treatment, Pre/Post Hospitalization, Maternity and Newborn Cover, Day-Care Procedures, Others.