Special Correspondent The All India Anna Dravida Munnetra Kazhagam has charged that the State Government is trying to impose a new health insurance scheme on its employees from June this year.

The scheme, to be implemented in coordination with Star Health and Allied Insurance Company, will also cover the employees of public sector undertakings, statutory corporations, local bodies and universities.

In a statement here on Mon…

In a country where the demand for health insurance is growing by 25% every year, and where health insurance penetration is less than 0.02% of the GDP, there is no specific expertise for health insurance in the insurance industry, according to a report commissioned by USAID.

The report, which was released on Monday, to study the impact of private life insurance on health coverage in Focus on claims control hurts health insurance

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Financial incentives

While the desire to protect savings by itself is a strong motivator, India may well consider proposing enhanced tax treatment of insurance costs for individuals (some of which exists.) Another path not currently present in India is structuring financing alternatives such as medical savings accounts, which combine higher-deductible insurance coverage with money set aside in tax-favored accounts for future health …

Tie-ups with general insurers help families that lack access to formal credit or costly health care.

Micro finance institutions (MFIs) such as SKS Micro finance, Basix-both Hyderabad-based and the Kath-ir Foundation of Tamil Nadu are gearing up to provide health insurance products to the rural and urban poor.

These MFIs are entering into partnerships with private sector insurers to offer micro health insurance to fami…

As per a new index brought out by the Asian Development Bank, India is ranked above China and Malaysia in providing social security like health care, education and child welfare to its people.

In a list of 31 Asia-Pacific countries, India ranked at 10th place, above China and Malaysia, but below Uzbekistan, Mongolia, South Korea and Japan, which topped the ADB’s Social Protection Index (SPI).

Apart from China and Malaysia, th…