India’s landscape of health insurance has undergone tremendous change over the past few years with the launch of several health insurance schemes in the country, largely initiated by the central and state governments. It is fascinating to observe such rapid and significant change in the geometry of health insurance coverage in the country. Only three health insurance programs including ESIS, CGHS, and Private Health Insurance (PHI) were prevalent till 2007, which suddenly swamped by a plethora of insurance programs by domestic and foreign players. A significant share of coverage through central- and state-government sponsored health insurance schemes together covered 247 Million individuals in 2009-10.
Rising healthcare costs and ever-increasing awareness in the country is sure to lead the growth of the health insurance segment, which is all set to rise with gross premiums scaling up at a CAGR of around 32% during FY 2011-2014, says our new research report, “Booming Health Insurance in India”.
Our report has also identified the fact that the emergence and growth of health insurance has given rise to a need for maintaining and optimizing claims processing and management. It aims at enhancing services offered by health insurance companies for the maximum benefit of the insured. Health Insurance portability is also gaining popularity in the current prospective. Health Insurance portability will allow health insurance policy holders to switch companies while retaining their no-claims benefit. It is likely that consumers can now expect a slew of innovative health insurance plans as insurers compete to attract and retain customers.
The report provides relevant statistics and in-depth analysis on the Indian health insurance market. Additionally, through in-depth analysis of the industry, we have provided an overview of the rural health insurance segment with a focus on its potential. As far as the overall potential of the rural health insurance market is concerned, our research estimates that the number of uninsured rural households will decrease with the passage of time.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM250.htm
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Check Related REPORTS on: http://www.rncos.com/Banking&Insurance.htm
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