Cricket may be a game of glorious uncertainties, but the rise in the number of off-the-field incidents has opened up new business opportunities for insurance companies.


The Indian cricket board’s (BCCI) stand-off with the International Cricket Council (the governing body of the game) over the three-Test ban on Harbhajan Singh has brought to fore the financial cost of such wrangles and possible protection.


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Health insurance industry is expected to grow at about 50 per cent per annum, Insurance Regulatory and Development Authority Chairman C S Rao said here on Friday.


On the sidelines of the First Health Insurance Summit organised by CII, Rao told reporters that the premium collected under health insurance was only about Rs 600 crore when he took over as Chairman of the regulatory body in 2003.

Whereas, during 2006-07 the premium col…

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Jun
28
Filed Under (Uncategorized) by medindia on 28-06-2008

This is going to be an interesting year for health insurance. While mediclaim will continue to enjoy a reasonable chunk of the market share, we will also see more product innovations particularly related to ‘health income’ type of products which provide fixed payment due to medical situations,” he says. Chak feels that this type of ‘health income’ product, which covers not only the medical expenses but also any related expenses such as transportation cost as well as …

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Jun
27
Filed Under (Health Insurance) by medindia on 27-06-2008

Nandakumar Rajeshirke was suspicious of health insurance when he first heard about the idea three years ago. He had trouble understanding why it made sense to gamble on an unforeseen illness or accident when there was no guarantee he would ever see any money in return.


But his insurance provider, a network of nongovernmental organizations called UpLift India Association, had already earned his trust by supplying him with reliable microcredit…

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Jun
26
Filed Under (Health Insurance) by medindia on 26-06-2008

The Indian healthcare industry has grown manifold during the last few years. Although there is a yawning divide between healthcare facilities available in rural and urban India and in the demand and supply of healthcare services across the country, overall the Indian healthcare infrastructure is fast improving with initiatives by the government and the private sector. The entry of private players has further spurred the development of the healthcare sector.


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