Navigation Links
Life Insurers in India to Launch Health Insurance Policies

Buoyed up by a resurgent economy, the Rs 3,200-crore Indian health insurance industry is poised to reach further heights, observers say .

At a growth rate of over 44 per cent per annum, it is one of the most attractive businesses for non-life insurers and even life insurers are jumping in the fray.

The Life Insurance Corporation of India (LIC), for instance, is planning to launch a health insurance product in the second half of this year. The product will be long term, stretching from eight to ten years.

Similarly, SBI Life is also working on introducing health insurance products. Says U S Roy, managing director and CEO of SBI Life insurance, "We are in the process of launching a bouquet of health insurance products in two to three months."

SBI Life plans to launch standalone health insurance products as well as those with life insurance cover. According to Roy, these products will have several variations and options for the consumer. "The attractive features of the product will be its transparency, with no hidden costs and restrictions. It will be more affordable and cost-effective," adds Roy.

Even the private sector major ICICI Prudential has more health insurance forays on the anvil. "We will be focussing on health insurance this year," says Shikha Sharma, Chairman and Managing Director of ICICI Prudential Life.

At present, life insurance companies are offering an amalgam of four products that are hospital cash, critical illness, life cover and surgical benefits. However, unlike the products offered by general insurance companies, these policies do not reimburse the insured for his medical or hospitalisation expenses.

Instead, they offer a pre-defined amount of money to the insured, when he is faced with the risk. That is, being based on the principle of benefit, these policies pay you the lump sum when you fall ill, instead of compensating you for the medical expenses.
'"/>




Page: 1 2

Related medicine news :

1. Insurers Want Breast Cancer Test Results
2. Private Medical Insurers Rise To Women’s Requirement of ‘Hercepti’
3. Should Genetic Information Be Disclosed to Insurers?
4. Is Diabetes the Leading Cause of Kidney Failure in India
5. AIDS Disaster in India is Imminent
6. Indian Prime Minister has successful Knee Replacement Surgery
7. International community warns India on HIV situation
8. India takes on foot-and-mouth disease by vaccinating animals
9. Development of AIDS vaccine -- Chiron Corp in talks with four Indian cos
10. India to benefit from pharma companies move
11. Healthcare sector is now a multi billion-dollar industry in India
Post Your Comments:
*Name:
*Comment:
*Email:
TAG: Life Insurers India Launch Health Insurance Policies

(Date:7/29/2014)... Las Vegas, Nevada (PRWEB) July 29, 2014 ... has reappointed Holland & Hart LLP ’s Connie ... Bar Foundation. She currently serves as President of the Foundation. ... from 2011-2012. , Akridge is a partner at Holland & ... variety of litigation and regulatory/administrative matters to insurance and healthcare ...
(Date:7/29/2014)... New high priced hepatitis C drugs will increase ... $2.9 to $5.8 billion next year, according to a ... by the Pharmaceutical Care Management Association (PCMA). Milliman projects ... much as 8.6 percent in 2015 as a result ... , The study finds that the majority of new ...
(Date:7/29/2014)... The Law Offices of Michael Cordova is proud ... non-profit organization providing grief camps for kids, teens, adults, and ... our clients experience from the death of a loved one. ... like Stepping Stones of Hope, as they provide hope and ... Hope also includes a monthly support group and a variety ...
(Date:7/29/2014)... record the severity and regularity of their pain is ... , A new approach to the treatment of headaches, ... and is being led by Professor Paul Martin from ... He has developed an approach designed to enable people ... Learning to Cope with Triggers (LCT). , Using a ...
(Date:7/29/2014)... way to cure most cases of cancer is to ... approach, however, is that the surgeon may fail to ... , With a new technique, researchers at the University ... surgeons see the entire tumor in the patient, increasing ... on an injectable dye that accumulates in cancerous tissues ...
Breaking Medicine News(10 mins):Health News:Holland & Hart LLP Attorney Connie Akridge Reappointed Trustee of the Nevada Bar Foundation 2Health News:New Milliman Study: Hepatitis C Drugs Could Increase Medicare Part D Spending by $2.9 to $5.8 Billion in 2015 2Health News:The Law Offices of Michael Cordova is Sponsoring Stepping Stones of Hope, a Non-Profit Organization Providing Grief Camps for Kids, Teens, Adults, and Families 2Health News:Penn team makes cancer glow to improve surgical outcomes 2Health News:Penn team makes cancer glow to improve surgical outcomes 3
... Medicsight PLC, a subsidiary of MGT Capital Investments, Inc. (NYSE ... the development of Computer-Aided Detection (CAD) and image analysis software ... pleased to announce the launch of its online product, MedicRead(TM) ... ColonCAD software truly accessible to all radiologists for the first ...
... June 29 Prometheus Laboratories Inc., a specialty ... of MyCeliacID(TM), the first do it yourself, saliva-based ... distinct genetic sequences associated with celiac disease, a ... million people in the United States. MyCeliacID is ...
... to hit market in September , , BOSTON, June 29 ... Times bestselling author and renowned wellness coach from NBC,s ... of weight-loss products in partnership with ThinCare(TM) International, LLC. The new ... Drug Stores Marketplace in Boston, Massachusetts on June 29, 2009. Scientifically ...
... ... your water supply. EcoloBlue 28 Atmospheric Water Generators provide pure drinking water from the humidity ... ... -- A person can survive only a short time without safe drinking water. In a ...
... ... Health Concerto™ portal to access critical health data stored in electronic health records (EHRs). The ... financial year. , ... Zealand (PRWEB) June 29, 2009 -- Orion Health , a market leader in providing ...
... SINGAPORE, June 29 /PRNewswire-Asia/ -- Rising healthcare ... will keep the,Asian market for medical tourism buoyant, according ... today at Fairmont Hotel, Singapore.,Worldwide gross medical tourism revenue ... billion by 2012, with Asia as a major driver ...
Cached Medicine News:Health News:Medicsight Launches ColonCAD(TM) Online CTC Platform 2Health News:Medicsight Launches ColonCAD(TM) Online CTC Platform 3Health News:Prometheus Launches MyCeliacID(TM), the First Do it Yourself, Saliva-Based Genetic Test Dedicated to Celiac Disease 2Health News:Prometheus Launches MyCeliacID(TM), the First Do it Yourself, Saliva-Based Genetic Test Dedicated to Celiac Disease 3Health News:Jillian Michaels, 'America's Toughest Trainer,' Announces New Line of Weight-Loss Supplements 2Health News:Jillian Michaels, 'America's Toughest Trainer,' Announces New Line of Weight-Loss Supplements 3Health News:EcoloBlue Atmospheric Water Generators(AWG) Will Provide Pure Drinking Water Following a Natural Disaster. 2Health News:Expanding into New Markets with Customer-Focused Solutions, Orion Health Sees Strong Growth 2Health News:Expanding into New Markets with Customer-Focused Solutions, Orion Health Sees Strong Growth 3Health News:Healthcare Travel Exhibition & Congress Predicts Worldwide Healthcare Travel Revenue to Hit US$100 Billion by 2012 2Health News:Healthcare Travel Exhibition & Congress Predicts Worldwide Healthcare Travel Revenue to Hit US$100 Billion by 2012 3
(Date:7/29/2014)... , July 29, 2014 New high ... Medicare Part D by a projected $2.9 to $5.8 ... the actuarial firm Milliman released today by the Pharmaceutical ... D premiums could increase by as much as 8.6 ... C drugs, including Sovaldi and Olysio. The ...
(Date:7/29/2014)... ISPE—the International Society for Pharmaceutical Engineering ... as President and CEO, succeeding Nancy ... Society last fall.  Mr. Bournas takes the helm ... association industry as well as significant international experience.  ... for the expansion of its global initiatives and ...
(Date:7/29/2014)... LAUDERDALE, Fla. , July 29, 2014 /PRNewswire-iReach/ ... medical service provider, has launched its Medical ... Program.  These services are tailored to the ... excellent standards prompted industry operators to propose that ... MHG Medical,s new program is intended to ...
Breaking Medicine Technology:New Milliman Study: Hepatitis C Drugs Could Increase Medicare Part D Spending by $2.9 to $5.8 Billion in 2015 2ISPE Hires Healthcare Association Exec as CEO 2ISPE Hires Healthcare Association Exec as CEO 3MHG Medical Management Services Aims to Change Cruise Industry Standard With New Equipment Maintenance Program 2
... 7, 2011 BioSpecifics Technologies Corp. (Nasdaq: ... developing first in class collagenase-based products, today announced that ... (the "Rights Agreement"), adopted May 14, 2002 and previously ... Amendment increases the ownership threshold for determining "Acquiring Person" ...
... FRANCISCO, Feb. 7, 2011 Medivation, Inc. (Nasdaq: ... chief executive officer, will present at the 13th Annual BIO ... a.m. Eastern Time at the Waldorf-Astoria in New York. ... its clinical development programs for MDV3100 for prostate cancer and ...
Cached Medicine Technology:
Shandon Paraffin Block Cartons...
... A histological embedment block ... This file system incorporates ... embedment block protection, simplified ... error and facilitation of ...
The Modular Storage Drawers provide permanent storage and identification of up to 165 embedding rings or 250 cassettes per drawer....
... The first instrumentation ... efficiently manage the ... Proven technology automatically ... collates cassettes sequentially. ...
Medicine Products: