Retail health insurance in India has experienced a remarkable growth spurt, with premiums rising by 31% year-on-year in April 2026, according to a report by Kotak Institutional Equities. This growth is a key driver for the non-life insurance sector, which overall saw a 9% increase in gross written premiums (GWP), excluding the crop segment. Health premiums alone surged by 21%, while motor insurance also maintained a healthy 16% growth. The report highlights a significant divergence between private insurers and public sector undertakings (PSUs), with standalone health insurers (SAHIs) and private general insurers capturing more market share. SAHIs outpaced their competitors with an impressive 35% growth, while private GIs achieved around 10% growth, contrasting sharply with the 2% growth seen in PSUs. Market shares for both SAHIs and private GIs have increased, with SAHIs now holding 22.5% of the market and private GIs 41.1%. Despite the overall positive trend, some commercial lines, particularly fire insurance, faced challenges due to pricing adjustments.