Yes we are expecting good activity in Health Insurance .At present ther are only 2 operating stand alone Health Insurance company's in India (1)Apollo DKV Insurance Company Limited(2)Star health and Allied Insurance Company LimitedWe have been hearing that 1 more co is going through approval process and it is Max BUPA.Suddenly we find that 3 large names from USA have become interested in the growing Indian Market These are (1)United Health(2)Aetna(3)CignaIt is great news as we as a country offer huge market potential and large no of stand alone...
Wednesday, 25 March 2009
Saturday, 14 March 2009
Who gives better Insurance advice Insurance agent or Insurance brokerage firm.The survey of Economic Tiles has revealed that 85% customers are not satisfied with the advice given by insurance agents.It is from time to time I have come across questions from customers where they wish to have the answer to the following; why I should use insurance brokerage firm in comparison to use of insurance agent. We have always pointed out that use of Insurance...
Now it is possible to have Bank loan for hospitalization expenses.Over 80% of population of India does not have any kind of insurance. A person who does not have the money to pay for the hospital expenses had no option but to accept suffering out of the illness/critical illness, if he was unable to borrow money from his relatives or friends. Chances of getting loan from money lender in the village/town were remote as the money lender was not sure whether he will get back the money or not.Punjab National Bank, one of the PSU Bank has come out with...
Tuesday, 3 March 2009
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...
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