India's general insurance industry reported a 9% growth in gross written premium (GWP) for the fiscal year 2026, totaling ₹3.36 lakh crore compared to ₹3.07 lakh crore in FY25, according to the General Insurance Council. This growth marks an acceleration from the previous year's 6% increase, largely driven by private players and health insurance providers. The health and motor insurance segments were pivotal, with health insurance alone witnessing a 22% growth in March 2026. Standalone health insurers grew approximately 20% overall in FY26, making them the fastest-growing segment in the industry, which accounts for nearly one-third of total GWP. Recent changes in Goods and Services Tax (GST) regulations have made insurance policies more appealing, further boosting demand. Among listed companies, Star Health and Allied Insurance reported an 11.3% increase, while Niva Bupa Health Insurance achieved a remarkable 27% growth in the same period.