Page 10 - Insurance Times March 2017 Sample

Health Insurance

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Health insurance cover NHPS to cover 70% of country's population
leaps to Rs 3.5 lakh in 5 National Health Protection Scheme zens under the NHPS.
(NHPS), a national insurance scheme
years that will be effective from April 1, is Speaking on the sidelines of Association
The aver- likely to provide insurance of Healthcare Providers India
(AHPI)
Conclave-2017,
age health cover to 70 per cent of the Girdhar J Gyani, Director-
insurance population.
cover has General, AHPI, said since the
By this scheme, each family number of hospitals added to
increased
from Rs 3 will get health cover up to Rs the network will increase in-
lakh to Rs 3.5 lakh for the first time 1 lakh as opposed to Rs 30,000 cluding primary, secondary
under the Rashtriya Swasthya Bima and tertiary care hospitals, it will po-
in past five years. The room rental
Yojana (RSBY), the current health in- tentially improve overall healthcare in
cover during hospitalisation has also
surance scheme. An additional Rs the country. Right now there are
increased to Rs 4,000 from Rs 3,000 30,000 will be provided for senior citi- 18,000 hospitals under the RSBY.
per day. Also, another trend in health
insurance is that employees are chip- Bajaj Allianz launches 'Health Guard'
ping in to buy a wider range of ben- Bajaj Allianz General Insurance has re-
efits from employer-funded group cently launched its redesigned compre-
covers.
hensive health insurance policy 'Health
Until now, insurance companies have Guard' with the policy period extending
been periodically hiking health insur- to a maximum of three years. The product is a family policy and offers cover to
ance rates due to high claims in group parents, grandchildren, sister, brother, parents-in-law, aunt and uncle under a
insurance policies. Many employers single policy, a company statement said. It offers reinstatement of sum insured
had been responding to the rate hikes for the same disease in the policy period.
by placing curbs on covering parents It also offers the unique feature of convalescence benefit, wherein a lump sum
or other restrictions on the cover. But amount is paid to take care of nutritional supplements, support equipment and
employers are now discovering that so on, required for longer admissions of more than 10 days, it added. The pre-
employees are willing to pay out of mium in the policy also differs depending on the city of residence of the insured.
their pocket for a wider cover.
"Organisations are embracing positive Bajaj Allianz’s 'Insurance Wallet' for health claims
trends from developed countries, and Bajaj Allianz General Insurance has launched a mobile platform for its custom-
are working to provide a competitive ers to manage their health insurance reimbursement claims of up to Rs. 20,000.
and effective health and benefit pack- Customers can now immediately submit digital documents through the
age to retain and hire the right talent," company's self-service mobile app - 'Insurance wallet' - for further assessment
said Sanjay Kedia, CEO, Marsh India, and settlement. Through this new facility, a health insurance customer can re-
one of the world's largest brokerage ceive claims of up to Rs. 20,000 in two working days as against 8-10 days that
firms. it takes at present.
10 The Insurance Times, March 2017

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