Booming Health Insurance in India By Marketsmonitor.com

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(Free-Press-Release.com) May 11, 2010 -- Indian health insurance market has emerged as a new and lucrative growth avenue for both the existing players as well as the new entrants. It represents one the fastest growing and second largest non-life insurance segment in the country. Despite adverse economic environment across the world, the Indian health insurance market continued to post record growth in the last two fiscals (2008-09 and 2009-10). Moreover, as per our estimations, the health insurance premium is expected to grow at a CAGR of over 25% for the period spanning from 2009-10 to 2013-14.

Currently, the market is dominated by public sector insurers, and all the private health insurers put together account for less than half the total health insurance premium written in the country. However, with the fast expanding private health insurers, the trend is to get reversed soon; and in next few years, the market will be dominated by private insurers.

According to our latest research report “Booming Health Insurance in India”, although the Indian health insurance market has seen rapid expansion in the past couple of years, it remains largely underpenetrated because of various shortcomings that must be looked upon. We have figured out some of the critical shortcomings including low awareness, non-coverage of out-patient care & existing diseases, inefficient cost management, product reach in rural areas and weak retail distribution model.

The report provides relevant statistics and in-depth analysis on the Indian health insurance market. It highlights all the emerging trends including the key factors driving the market growth and the key challenges confronted by the industry. The report also identifies what could be the possible growth areas for expansion and gives a detailed overview of the competitive landscape.

Moreover, the report presents industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report provides a comprehensive and coherent analysis of the Indian health insurance market that will certainly prove decisive for clients.

For more detail visit :- http://www.marketsmonitor.com/Booming-Health-Insurance-in-India-Report/IM250.htm

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