The health insurance figures for the year 2010-11 are available and PSU's have achieved premium figure of Rs.6578.64 crores vs Rs.4949.67 crores(2009-10). This is 59.02% market share vs 59.09% market share which was achieved during last year.
Health Insurance Premium of Indian Insurance Companies 2010-11 vs 2009-2010
You will notice that every company has shown growth in business with exception of Chola.
Growth during the year of this portfolio is 33.05% and 5 top insurance companies and their market share are:
ICICI Lombard deserves appreciation for taking up 4th position as a result Oriental is now at 5th position in the list. Star Health has crossed figure of Rs.1000 crores by touching figure of Rs.1232.44 crores.
Our comment is- health insurance is the fastest growing segment but even then a lot is to be achieved as we have large population and it needs to be covered.
4 comments:
Thankyou Sir. This compilation is a great service. I think IRDA should publish this data exclusively for health. The mix on group, retail and rsby is also crucial. Similarly the business sourced from various channels - internal and banca, ca, broking and alliances would throw light on the focus and direction of the industry.
Can it be done by General Insurance Council ? Should we expect each and everything to be done by Irda.I feel Irda should focus on broader issues.
Comments are invited.
Sir, what is the source of data ?
I am looking for the current market share of top 10 insurance companies in India,also the contact number of some authorized person
Post a Comment