Health Insurance industry estimates show –it has touched Rs 8100 Crores mark during this year (2009-2010)
Initial statistics for the year 2009-10 (year ending 31st March 2010) indicate that Health Insurance industry has touched figure of Rs 8100 crores. Last year this figure was Rs 6600 crores so it means that there has been growth or 23% during this year. Overall General Insurance Industry during 2009-10 has shown growth of 10% so it is heartening to note that Health portfolio has really contributed to the overall growth or General Insurance Industry.
Health Insurance Companies have also achieved high figures and Star Health and Allied Insurance Company Limited has reached figure of Rs 900 crores (exact figure awaited).This shows that standalone health insurance companies have strength to stand with health being the only portfolio.
On the profitability front the figures continue to be bad as this portfolio is still losing money and one should not be surprised that when all figures are complied then ( proper costing and allocation of overheads is done) then we find that in this portfolio there has been a loss of Rs 2000 crores.
Let us wait for the final figures as these are estimates.
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5 comments:
Hi Sir,
I am happy to see your blog which is very much informative , apparently for a student like me who had been searching for a good book to read through the indian health insurance industry and health finance book...Apparently this blog has made me happy cz atleast here over the net i can have views of top management guy like you..I have had a hard time chasing top management people to understand the various concepts related to my field of study..:)
I am doing MBA - healthcare and hospital administration...
I appreciate the efforts uve made in making this blog really informative..thanks and pls keep writing :)
tk care !
Mohsina Khan
Health Reform Ends Discrimination
This new health reform bill is quite possibly a God send to people that have pre-existing conditions and cannot get affordable insurance anywhere. For far too long now, individuals with cancer, heart problems, or any other pre-existing disease have been left to fend for themselves, hoping and praying that they can receive the medical attention they so desperately need. They are made to be victims because of something that is out of their control. But, with this bill, that will no longer be the case. Insurance companies will no longer be able to deny someone that deserves care what they need just because they know they will have to fork over money.
Health Reform Ends Discrimination
This new health reform bill is quite possibly a God send to people that have pre-existing conditions and cannot get affordable insurance anywhere. For far too long now, individuals with cancer, heart problems, or any other pre-existing disease have been left to fend for themselves, hoping and praying that they can receive the medical attention they so desperately need. They are made to be victims because of something that is out of their control. But, with this bill, that will no longer be the case. Insurance companies will no longer be able to deny someone that deserves care what they need just because they know they will have to fork over money.
i read about max bupa on your blog sometime back. I am planning to take a policy and wanted to know what kind of products will you suggest? i am 45 years old and my wife is 38. i need a policy for both of us.
Ashok
Pl inform sum assured you are looking for.We can suggest solution to you on knowing this.You have noticed that you have option to go in for high sum say Rs 15/20/50 lakhs.Health Care inflation in India on yearly basis is 18% to 20 % -you can well imagine what will be ths costs in future say after 15 years or 25 Years the time when you may need hospitalization.
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