In India, 33 general insurance companies have been granted registration for carrying on general insurance business as on 31st October, 2018. Of these, 6 are in the public sector and the rest 27 are in the private sector.

From the above, it shows that, India is still remains repellently ‘under- insured’ in terms of insurance penetration and density. Non-life insurance industry in India is basically controlled by motor insurance (43%) followed by health insurance (25%).

This study includes efficiency analysis of selected health insurance companies( eighteen) in India over the period 2008-2009 to 2018-2019 using Data Envelopment Analysis(DEA) method.  Two basic DEA models have been used i.e. CCR & BCC. In this study, inputs are claims incurred (net) and operating expenses and the outputs are net premium income (earned) and income from investments. The DEA result shows that, among selected four public sectors health insurance companies only New India Assurance Company (NEW INDIA) is on the efficiency frontier and has an efficiency score of 1. Among selected 14 (fourteen ) private sectors health insurance companies only Apollo Munich Health Insurance Company Limited (APOLLO), Star Health and Allied insurance company Limited (STAR), MAX Bupa Health Insurance Company Limited (MAX), TATA AIG General Insurance Company Limited (TATA), HDFC ERGO General Insurance Company Limited (HDFC), Royal Sundaram Alliance Insurance Company Limited (ROYAL) and Cholamandalam MS General Insurance Company Limited (CHOLAMANDALAM) are on the efficiency frontier and have an efficiency score of 1.

Keywords: DEA, Health Insurance, Technical Efficiency, Pure Technical Efficiency, Scale Efficiency.