New Delhi, Dec. 30 -- As 2025 comes to a close, India's health insurance market looks very different from what it was even a year ago. The year marked a decisive shift in how Indian households evaluate healthcare risk, driven by rising medical costs, deeper product innovation, and a regulatory environment that encouraged consumers to seek better protection.

The removal of goods and services tax (GST) on health and term insurance was an important catalyst in how consumers upgrade coverage, choose smarter products, and commit to longer-term protection.

Lower effective premiums opened the door, but it was growing awareness around medical inflation that pushed buyers through it.

As per Policybazaar survey of its customers in 2025, average ...