Health insurance reaches 40.8% share of India non-life market FY26
Health insurance just grabbed the biggest slice of India's non-life insurance market, taking a 40.8% share in FY26, up from 38.6% last year.
Premiums in this segment jumped by 15.4% to ₹1.4 lakh crore, easily beating the overall industry growth rate of 9.3%.
Stand-alone health insurers made a big impact too, handling nearly a third of all health premiums.
New India Assurance tops health premiums
New India Assurance took the crown with ₹21,531.5 crore in health premiums, followed by Star Health and Allied Insurance at ₹18,435 crore.
Motor insurance held steady as the second-largest segment at 32.2%, while personal accident insurance saw a standout growth of 35%.
Fire insurance edged up to an 8.2% share, showing that people are thinking more about protection across the board this year.