Health Cover for all Indians will change the scene

In one of my blog I had suggested that all senior citizens should be asked compulsorily to go in for health insurance.

On the same concept Indian Government is considering to cover all citizens with Health Cover during Five year Plan (2012-2017).

Let us see what it means to you, me or all of us. Different studies may come out with different statistics .If we make some assumptions;
India population: 120 crores
Family size: 5
Households: 24 crores



With growth in population the figure can be Rs 225000crores which is 28 times the present size of health insurance or 7 times the size of general insurance industry.

This is going to give a big boost to healthcare industry and generate employment opportunities.

Let us welcome Religare ,which is coming up with Health Insurance company

For quite sometime we have been reading news that Religare is looking for foreign partner for launching Health Insurance Company .Some of the approvals have been granted to joint venture with Union Bank Of India.

Let us welcome the entry of 1 more 100% stand alone health insurance company.