How insurance will change if life insurers are allowed to sell health packages

By Ashwin Manikandan, ET Bureau | Updated March 05, 2020, 10.03AM IST

MUMBAI: India’s efforts to contain the spread of the coronavirus beyond the isolated cases hitherto reported have put the spotlight on a very important aspect of the country’s healthcare ecosystem – insurance cover for its citizens. India is among the most densely populated countries – and among the least penetrated by way of insurance cover. It is no coincidence,

their businesses. “As such, the competitive strategy at a promoter level might not change for these companies even if boundaries are reworked for health segments between life and non-life insurers,” according to a report by ICICI Securities. If this plan gets rolled out, the onus will be on regulators that dominant shareholders don’t dilute competition with unfavourable agreements.

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