As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

India coronavirus health insurance market is expected to grow at an impressive rate during the forecast period. The India coronavirus health insurance market is driven by the spread of pandemic COVID-19 across the country. As of 1st June 2020, there are around 1,91,356 confirmed cases of coronavirus in the country, out of which, the number of active cases is 93,905. On the other hand, 92,027 people have recovered and around 5,413 have lost their lives. The cases range from mild to severe and it usually takes around 2-4 weeks to recover depending upon the severity. This increases the overall healthcare expenditure, thereby driving the need to have an effective insurance plan to cover the expenses incurred. 

The India coronavirus health insurance market is segmented based on type of insurance provider, insurance type, type of claim, sum insured, mode of purchase, end users, company and region. Based on insurance type, the market can be split into regular health insurance policy and fixed benefit insurance plan. Among these, the regular health insurance policy segment is expected to dominate the market. This can be ascribed to the guidelines issued by the Insurance Regulatory & Development Authority of India (IRDAI), which has ordered all the insurance companies to extend the coverage for COVID-19 in their policies. Based on type of claim, the market can be bifurcated into cashless and reimbursement. Here, the reimbursement segment is expected to dominate the market since most of the COVID-19 treatment in India is being provided at the government hospitals which do not fall under the category of the chain of hospitals wherein cashless services can be availed.

Major players operating in the India coronavirus health insurance market include ICICI Lombard, Star Health & Allied Insurance, Future Generali, Go Digital General Insurance, Max Bupa Health Insurance, SBI General Insurance, Bajaj Allianz, Bharti AXA Heath Insurance, Reliance General Insurance, HDFC Ergo and others. The companies are developing advanced technologies and launching new plans & services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new plans & service developments.

Years considered for this report:

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To estimate and forecast the market size of India coronavirus health insurance market from 2020 to 2025 and growth rate until 2025.
  • To classify and forecast India coronavirus health insurance market based on type of insurance provider, insurance type, type of claim, sum insured, mode of purchase, end users, company and regional distribution.
  • To identify dominant region or segment in the India coronavirus health insurance market.
  • To identify drivers and challenges for India coronavirus health insurance market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India coronavirus health insurance market.
  • To identify and analyze the profile of leading players operating in India coronavirus health insurance market.
  • To identify key sustainable strategies adopted by market players in India coronavirus health insurance market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, vendors and presence of all major players across the country.

TechSci Research calculated the market size of India coronavirus health insurance market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Coronavirus health insurance service provider companies, vendors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to coronavirus health insurance
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India coronavirus health insurance market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Coronavirus Health Insurance Market, By Type of Insurance Provider:
    • Public
    • Private
    • Standalone Health Insurers
  • India Coronavirus Health Insurance Market, By Insurance Type:
    • Regular Health Insurance Policy
    • Fixed Benefit Insurance Plan
  • India Coronavirus Health Insurance Market, By Type of Claim:
    • Cashless
    • Reimbursement
  • India Coronavirus Health Insurance Market, By Sum Insured:
    • Up to 25,000
    • Up to 50,000
    • Up to 1,00,000
    • Up to 2,00,000
  • India Coronavirus Health Insurance Market, By Mode of Purchase:
    • Direct Company Representatives
    • Online Portal
    • Insurance Agent
  • India Coronavirus Health Insurance Market, By End Users:
    • Minors
    • Adults
    • Senior Citizens
  • India Coronavirus Health Insurance Market, By Region:
    • North
    • East
    • West
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India coronavirus health insurance market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
India coronavirus health insurance market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Coronavirus Health Insurance Market

4.    Executive Summary

5.    Voice of Customer

6.    India Coronavirus Health Insurance Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type of Insurance Provider (Public, Private, Standalone Health Insurers)

6.2.2.     By Insurance Type (Regular Health Insurance Policy v/s Fixed Benefit Insurance Plan)

6.2.3.     By Type of Claim (Cashless v/s Reimbursement)

6.2.4.     By Sum Insured (Up to 25,000, Up to 50,000, Up to 1,00,000, Up to 2,00,000)

6.2.5.     By Mode of Purchase (Direct Company Representatives, Online Portal, Insurance Agent)

6.2.6.     By End Users (Minors, Adults, Senior Citizens)

6.2.7.     By Company (2019)

6.2.8.     By Region

6.3.  Product Market Map

7.    India Coronavirus Regular Health Insurance Policy Market Outlook

7.1.1.1.         Market Size & Forecast

7.1.1.1.1.             By Value

7.1.1.2.         Market Share & Forecast

7.1.1.2.1.             By Type of Insurance Provider

7.1.1.2.2.             By Type of Claim

7.1.1.2.3.             By Sum Insured

7.1.1.2.4.             By Mode of Purchase

7.1.1.2.5.             By End Users

8.    India Coronavirus Fixed Benefit Insurance Plan Market Outlook

8.1.1.1.         Market Size & Forecast

8.1.1.1.1.             By Value

8.1.1.2.         Market Share & Forecast

8.1.1.2.1.             By Type of Insurance Provider

8.1.1.2.2.             By Type of Claim

8.1.1.2.3.             By Sum Insured

8.1.1.2.4.             By Mode of Purchase

8.1.1.2.5.             By End Users

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  India Economic Profile

13.  Competitive Landscape

13.1.              ICICI Lombard

13.2.              Star Health & Allied Insurance

13.3.              Future Generali

13.4.              Go Digital General Insurance

13.5.              Max Bupa Health Insurance

13.6.              SBI General Insurance

13.7.              Bajaj Allianz

13.8.              Bharti AXA Heath Insurance

13.9.              Reliance General Insurance

13.10.            HDFC Ergo

14.  Strategic Recommendations

15.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com