Health insurance in India plays a critical role in safeguarding individuals and families from the financial burden of medical emergencies. In the Indian context, health insurance has witnessed significant growth, driven by increasing healthcare costs, rising awareness, and government initiatives like Ayushman Bharat. The capital market has been instrumental in this growth by providing avenues for insurance companies to raise funds, enabling them to expand their reach and offer innovative products. Public offerings by insurance firms, securitization of health insurance portfolios, and investments in technology for claims processing and customer service have been supported by the capital market. Furthermore, the integration of health insurance with digital platforms and mobile apps has enhanced accessibility, particularly for rural and semi-urban populations. Despite these advancements, the penetration of health insurance in India remains relatively low, highlighting the need for greater financial literacy and more affordable premium options. Regulatory bodies like the Insurance Regulatory and Development Authority of India (IRDAI) have played a pivotal role in ensuring transparency, protecting policyholder interests, and fostering competition among insurers. The synergy between health insurance and the capital market is vital for sustaining growth and addressing the healthcare needs of a diverse and populous country like India.