GOOD times seem like they should bring good health. More people have jobs and health insurance when an economy is growing. Fewer people skip visits to the doctor to save money or suffer the severe stress that comes with a layoff. So with job growth now stronger than it has been since 2000, the country can look forward to some vigorous years, it might seem.

But that is not quite how the world works, some new research has found. In fact, a strong economy should probably come with a warn…

Health insurance in India is still for the privileged few. However, the increasing healthcare cost and an ageing

population would trigger the growth of health insurance as it’s the most cost-effective method of risk financing.

The consumer psyche is also slowly changing to cover their financial risk due to illnesses or accidents. The

prudent consumer can now pass on a huge unknown cost (cost of illness) for a small known cost (premium to

be paid) to the insurer. Buying health i…