Tuesday, March 3, 2009

Indian Health Insurance to Touch $7700 Million (Rs 40000 Crores) by 2015

CII (Confederation of Indian Industries) estimates Health Insurance premium will touch figure of US $ 7700 Million (Rs 40000 crores) by 2015.

According to Dr. Pratap Reddy, Chairman CII National Health Care Council, Health Insurance premium has the potential to touch the figure of Rs 40000 crores by 2015. Last year the figure was Rs 5000 crores. This means that figure will go up by 8 times in 7 years. It is heartning to read such estimates.

Question before all of us is whether Indian Insurance companies or TPA's (Third Party Administrator) are prepared for this increase.

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