About the Health Insurance Industry –

The Indian health insurance industry has emerged as one of the fastest-growing segments within the broader insurance ecosystem, driven by rising healthcare costs, increasing disease burden, and a growing awareness of financial protection. Since liberalisation in 2000, the sector has expanded significantly, with 30+ insurers (including standalone health insurers, general insurers, and life insurers) now offering health-related products. The pandemic further accelerated adoption, highlighting the need for comprehensive health coverage and preventive care. The industry’s gross written premium (GWP) crossed ?90,000 crore in FY 2024, accounting for over 35 % of the total non-life insurance market. Regulatory focus by IRDAI on improving product standardisation (e.g., Arogya Sanjeevani), claim transparency, and digital interoperability (through NHCX and Ayushman Bharat Digital Mission) has also enhanced consumer trust and industry maturity.

The sector is now shifting from a “pay for illness” model to a “care for wellness” paradigm,



integrating preventive health management, digital health ecosystems, and real-time claim settlement platforms. New-age insurers and insurtechs are leveraging AI, data analytics, and machine learning to streamline underwriting, detect fraud, and personalise customer journeys. Distribution has diversified beyond traditional agents and bancassurance to digital marketplaces and embedded insurance models. With penetration still under 5 % of GDP and significant out-of-pocket expenditure (~50 % of total healthcare spend), the long-term growth potential remains immense. Going forward, the industry will be defined by innovation, affordability, interoperability, and wellness-centric solutions that make health protection more inclusive, productive, and value-driven.
About the Aditya Birla Health Insurance –

Founded in 2015 and commencing operations in October 2016, ABHI is a joint venture between Aditya Birla Capital

📌 Programme Manager (Maharashtra)
🏢 Financial services
📍 Maharashtra