The cost of going for a jog, meanwhile, goes up when an economy is growing and that time could be spent doing paid work. Executives at the New York Sports Club have been surprised to find that their gyms become more popular during recessions. “You would think that gym memberships would decrease during economic slowdowns, when people don’t have as much income,” said Susan Gerson, a spokeswoman for Town Sports International, which runs the clubs in New York, Boston, Phil…

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…

The Insurance Regulatory Development Authority (Irda) is collecting data on disease patterns of the country’s insured population to help health insurance providers to effectively price premiums for health policies based on indicators about the prevalence of diseases.

“We are collecting data about disease patterns from Third Party Administrators. The sample is fairly large. We want to put in this information in the public domain. It will help health insurance providers to understand the I…

Kannan walks into an insurance office and asks for a job.

“We don’t need anyone,” he was told.
“You can’t afford not to hire me,” Kannan said. “I can sell anyone, anytime, anything!”

“Well, we have two prospects that NO ONE has been able to sell. If you can sell just one, you have a job.”

He was gone about two hours. He returned and handed them two checks, one for Rs 25,000 and another for Rs50,000.
“How in the world did you do that?” they asked.
“…