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ICICIHealth InsuranceHero.mp4
HEALTH INSURANCE
Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity
The government has also taken various proposals to support the growth of the insurance sector such as Tax benefit offered under Sec 80 D of the Income Tax Act.
Role of the Private Sector Companies in promoting the Health Insurance Policies
The private players in the health insurance sector have supported their customers by providing them affordable, inexpensive and easily accessible insurance The insurance companies have given a lot of importance to convenience of the customer. Buying the e-policy online has become a much convenient alternative with the facility to renew it anytime, anywhere. cont.
Role of the Private Sector Companies in promoting the Health Insurance Policies
The insurance companies have developed precocious Mediclaim insurance policies that not only provide comprehensive coverage but also induce various other benefits. Another major step in the health insurance sector is the floater concept, where they cover the entire family in one policy. Private companies are constantly improving their products to meet the needs of the people as much as possible. Such steps include various plans that cover critical illnesses, outpatient expenses and others.
Cashless
Reimbursement
Health insurance typically helps a patient manage health care costs beyond a threshold amount through pooling
Insurer payment (from premium pool) Individual payment As a contingent claim instrument, health insurance is an efficient way to help individuals prepare for health care
Conclusion
Health insurance is an emerging important financial tool in meeting health care needs of the people of INDIA. CBHI is to be further explored so that the disadvantaged section get maximum benefit. In India at present no Pan-India Model of HI. All different forms need to be explored.
Presented By: Ankita Malik Majibul Rehman Nishant Mittal Rishab Jain Vinod Seth Aman Rishi