Care Health Insurance – Premium Income Jumps 44% YoY

Expert Analysis:

• Strong premium growth: Care Health Insurance’s Gross Direct Premium Income (GDPI) rose 44% YoY to ₹1,042 Cr in September, significantly ahead of the industry’s 27% growth.

• H1 growth remains robust: Cumulative GDPI reached ₹6,193 Cr in H1 FY27, up 42% YoY from ₹4,354 Cr, indicating sustained momentum in premium generation.

• Market share gains: Care’s overall market share increased to 3.45% from 2.64%, an 81-bps improvement, strengthening its position as India’s second-largest standalone health insurer.

• Capital base strengthened: Care raised ₹150 Cr through a rights issue in Q1 FY27, followed by a ₹200 Cr Tier-II capital raise, supporting its capacity to fund continued business growth.