Care Health Insurance Grows Premiums 44% in a Month, Nearly Double the Industry Pace
Care Health Insurance posted 44% premium growth during the month, significantly outpacing the industry average. The latest figures underline its strong performance against the broader health insurance sector.
Care Health Insurance recorded a 44% increase in premium income in a month, nearly doubling the industry's growth pace.
Care Health Insurance: Care Health Insurance’s gross direct premium income (GDPI) rose 44 per cent year-on-year to ₹1,042 crore in September 2026, up from ₹723 crore in the same month last year, according to General Insurance Council (India) data. The growth was well ahead of the 27 per cent average growth the industry recorded in the month.
Care Health Insurance: Care widens its lead over the industry in H1 FY27
For the first half of FY27 (April to September), Care’s GDPI grew 42 per cent to ₹6,193 crore from ₹4,354 crore in H1 FY26. Its overall market share rose 81 basis points to 3.45 per cent from 2.64 per cent a year earlier. On this data, Care is India’s second-largest standalone health insurer.
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The insurer’s momentum has been building for some time. In FY26, Care crossed ₹10,000 crore (₹100 billion) in annual premiums after a 20.9 per cent increase, among the fastest growth rates for a major Indian insurer that year.
Standalone health insurers gain share
Eight standalone health insurers together recorded average GDPI growth of 27 per cent year-on-year to ₹4,382 crore in September. The segment’s overall market share rose to 14.24 per cent from 11.87 per cent.
September 2025 was a soft base for the segment. After the GST reforms, standalone health insurers grew just 3.09 per cent that month, with premiums at ₹3,492.71 crore, according to General Insurance Council data. The segment has since picked up. In June 2026, standalone health insurers posted a 30.9 per cent rise in premiums to ₹4,373.34 crore, again per Council data.
Care Health Insurance: Capital raised, network expanded
Care reported 37 per cent year-on-year growth in gross written premium to ₹3,247 crore in Q1 FY27, and its investment book grew to ₹11,751 crore.
The insurer raised ₹150 crore through a rights issue in the quarter and a ₹200 crore tier-II capital raise in August. The rights issue was offered to shareholders in a ratio of 4 shares for every 425 held, at ₹160 per share, with a record date of May 29, 2026. Parent Religare Enterprises disclosed that Care allotted it 74,80,324 equity shares on June 30, 2026, worth about ₹119.68 crore.
In Q1 FY27, Care operated 288 branches and more than 1,455 network locations, with about 22,040 hospital tie-ups.
