NEW YORK, Jan. 19, 2012  /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Business and Investment Opportunity in the Indian Health Insurance Industry: Analyses and Forecasts to 2016 http://www.reportlinker.com/p0761927/Business-and-Investment-Opportunity-in-the-Indian-Health-Insurance-Industry-Analyses-and-Forecasts-to-2016.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Health_In

Synopsis

The report provides detailed market analysis, information and insights into the Indian health insurance industry, including:

• The Indian health insurance industry's growth prospects with focus on key trends, drivers and challenges faced by the industry

• The future outlook of various distribution channels in the Indian health insurance industry

• The current competitive landscape in the Indian health insurance industry and the future outlook

• The customer targeting strategies and the product innovation strategies followed in the industry

• The profiles of the major companies in the industry

Executive Summary

Since the liberalization in 2000, the insurance industry in India has been growing considerably driven by multiple favorable economic and demographic factors. The Indian health insurance market grew at a CAGR of 34.00% during the review period and is expected to grow at a CAGR of 23.51% over the forecast period to register the fastest growth among all the insurance sectors. Factors such as robust economic growth, changing demographic patterns such as the rise in 'double-income no kids' families, increased FDI limits and the expansion of distribution channels are expected to contribute to the market growth in the forecast period. Of the overall healthcare expenditure in India, only 26% comes from the local, state and central government authorities, while nearly 71% is paid by the patient's family. Insurance accounts for just 3% of overall healthcare expenditure in India, indicating a substantial opportunity for the health insurance sector. The health insurance market is dominated by public-sector companies, while the private sector has made gradual progress in the sector.

Scope

This report provides a comprehensive analysis of the health insurance market in India:

• It provides historical values for India's health insurance industry for the report's 2007–2011 review period and forecast figures for the 2012–2016 forecast period

• It offers a detailed analysis of the key sub-segments in India's health insurance industry, along with market forecasts until 2016

• It covers an exhaustive list of parameters, including premium per capita, incurred loss, loss ratio and paid claims

• It details the competitive landscape in the Indian health insurance industry along with the product innovation and customer targeting strategies followed

• It analyses the various distribution channels for health insurance products in India

• It profiles the top health insurance companies in India along with snapshots of their major products and services

Reasons To Buy

• Assess the overall healthcare sector in India with focus on key trends such as medical tourism and telemedicine• Make strategic business decisions using top-level historic and forecast market data related to the Indian health insurance industry• Understand the demand-side dynamics, key market trends and growth opportunities within the Indian health insurance industry• Assess the competitive dynamics in the health insurance industry and the future outlook• Gain insights into the key regulations governing the Indian insurance industry• Understand the product innovation strategies and the customer targeting strategies followed in the industry

Key Highlights

• The Indian health insurance market accounted for only 3.2% of the overall insurance industry in 2011. The driving factors for the health insurance sector are rising healthcare expenditure, increasing disposable income and the rise in the number of people with affluent lifestyles.

• During the review period, the penetration of Indian health insurance products increased from 0.07% in 2007 to 0.19% in 2011, as many new policies were sold in rural India.

• Although the health insurance market is currently dominated by public-sector companies, the top six private health insurance companies increased their cumulative market share from 17.2% to 29.1% during the review period

• One of the key challenges for the health insurance market is the low coverage of plans in terms of both the diseases and the hospitals covered

Table of Contents

Executive Summary2 Indian Health Insurance Market Attractiveness2.1 The Healthcare Sector in India2.2 Market Size and Growth Potential2.3 Health Insurance Market – Growth Potential2.4 Health Insurance Market – Benchmarking with BRIC Countries3 Indian Health Insurance Market Trends and Drivers3.1 Macroeconomic Fundamentals3.1.1 GDP growth3.1.2 Number of households3.2 Business Trends and Drivers3.3 Consumer Drivers3.4 Regulatory Framework4 Competitive Landscape & Key Market Indicators4.1 Competitive Landscape4.2 Key Market Indicators4.2.1 Incurred loss4.2.2 Loss ratio4.2.3 Investment type4.2.4 Premium per capita4.2.5 Paid claims5 Product Strategy and Customer Segmentation5.1 Introduction5.2 Customer Targeting Strategy5.3 Current and Future Product Strategy6 Distribution Channels6.1 Distribution Channel Market Dynamics6.2 Distribution Channel Forecasts7 Challenges8 Case Studies of Health Plans8.1 Yeshasvini Co-operative Farmers' Health Protection Scheme8.2 Rajiv Gandhi Shilpi Swasthya Bima Yojana8.3 LIC Health Protection Plus Scheme9 Company Profiles9.1 New India Assurance Co. Ltd9.2 United India Assurance Co. Ltd9.3 Oriental Insurance Co. Ltd9.4 National Insurance Co. Ltd.9.5 Star Health & Allied Insurance Co. Ltd.9.6 ICICI Lombard General Insurance Co. Ltd.9.7 Bajaj Allianz General Insurance Co. Ltd10 Appendix10.1 About BRICdata10.1.1 Areas of expertise10.2 Methodology10.3 Definitions10.4 Disclaimer

List of Tables

Table 1: Indian Insurance Industry by Segment (% Value), 2007–2016Table 2: Indian Health Insurance – Market Size (INR Billion), 2007–2016Table 3: BRIC Countries Health Insurance Performance Indicators, 2011Table 4: Per Capita Annual Disposable Income in India (US$), 2007–2016Table 5: Healthcare Expenditure in India (US$ Billion), 2007–2016Table 6: Indian Health Insurance – Market Shares of Leading Companies (%), 2011Table 7: Indian Health Insurance Market – Incurred Loss (INR Billion), 2007–2016Table 8: Indian Health Insurance – Premium Per Capita (INR), 2007–2016Table 9: Indian Health Insurance – Paid Claims (INR Billion), 2007–2016Table 10: Indian Health Insurance – New Business Written Premium by Distribution Channel, 2007–2016Table 11: New India Assurance Co. Ltd – Main Products and ServicesTable 12: Oriental Insurance Co. Ltd – Main Products and ServicesTable 13: National Insurance Co. Ltd – Main Products and ServicesTable 14: Star Health & Allied Insurance Co. Ltd – Main Products and ServicesTable 15: Insurance Industry DefinitionsTable 16: Exchange Rates (INR-US$)

List of Figures

Figure 1: Overall and Government Per Capita Healthcare Expenditure (US$), 2011

Figure 2: Hospital Beds and Physicians per 10,000 People

Figure 3: Sources of Healthcare Expenditure in India

Figure 4: Indian Insurance Industry Dynamics by Segment (% Value), 2007–2016

Figure 5: Indian Health Insurance – Market Size (INR Billion), 2007–2016

Figure 6: Health Insurance Premiums in BRIC Countries (US$ Billion), 2011

Figure 7: Indian GDP at Constant Prices (US$ Billion), 2007–2016

Figure 8: Number of Households in India (Million), 2007–2016

Figure 9: Health Insurance Penetration in India (%), 2007–2016

Figure 10: Per Capita Annual Disposable Income in India (US$), 2007–2016

Figure 11: Healthcare Expenditure in India (US$ Billion), 2007–2016

Figure 12: Indian Health Insurance – Market Shares of Leading Companies (%), 2011

Figure 13: Indian Health Insurance – Incurred Loss (INR Billion), 2007–2016

Figure 14: Indian Health Insurance – Market Loss Ratio (%), 2007–2016

Figure 15: Indian Health Insurance – Investment Types, 2011 vs. 2016

Figure 16: Indian Health Insurance – Premium Per Capita (INR), 2007–2016

Figure 17: Indian Health Insurance – Paid Claims (INR Billion), 2007–2016

Figure 18: Indian Health Insurance – Customer Targeting Matrix

Figure 19: Indian Health Insurance – Written Premium by Distribution Channels, Market Share (%), 2011 vs. 2016

Companies mentioned

National Insurance Co. Ltd

New India Assurance Co. Ltd

United India Insurance Co. Ltd

Oriental Insurance Company Ltd

Bajaj Allianz General Insurance Co. Ltd

Star Health & Allied Insurance Co Ltd.

ICICI Lombard General Insurance Co. Ltd

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Intl: +1 805-652-2626

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