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flag India's health insurance sector surged 24.1% in November 2025, fueled by a government GST exemption.

flag India's health insurance sector grew 24.1% year-on-year in November 2025, driven by a government GST exemption on retail health and life insurance effective September 22. flag Standalone health insurers led with 35.8% growth, followed by private multi-line insurers at 35.5%, while public multi-line insurers declined 0.4%. flag Market share shifted toward SAHIs and public insurers, while private insurers lost ground. flag Bajaj Allianz posted the highest growth at 193.1%, and ICICI Lombard saw a 7.4% rise despite a drop in market share. flag Strong performance in motor and crop insurance supported overall gains.

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