Demand rises for adding home care, outpatient costs in health insurance
BCCL
Irdai data shows that health insurance has grown by 16% for the industry in FY21 till October even as most other segments such as motor and liabilities have contracted.
Synopsis
Experts say the industry is moving towards its next leg of growth, where traditional ‘all illness’ medical covers would soon be replaced with customisable products that cover all aspects of the treatment and not just the costs specified by the hospitals.
By Ashwin Manikandan, ET Bureau
3 mins read, Last Updated:
Mumbai: The pandemic could mark a significant shift in how health insurance products in India are designed by insurers and purchased by consumers.Experts say the industry is moving towards its next leg of growth, where traditional ‘all illness’ medical covers would soon be replaced with customisable products that cover all aspects of the treatment and not just the costs specified by the hospitals.According to Sanjay Datta, chief underwriting at
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