Standalone Health Insurers Surge 30.9% in June

Standalone Health Insurers (SAHIs) delivered a stellar performance in June 2026, with gross direct premiums growing 30.9% year-on-year. The segment's market share has risen to 16.1%, reflecting sustained consumer preference for specialised health coverage.

Company-Wise Growth: Care Health Insurance led with 41.9% growth, followed by Niva Bupa at 34.3% and Star Health at 19.2%. The GST exemption on retail health policies and rising health awareness continue to be the primary growth drivers. New product launches in the super-premium and senior citizen categories are also contributing to the momentum.

Sources: YES Securities Insurance Sector Report (July 2026), NewKerala (July 9, 2026)