Page 41 - Insurance Times September 2021

PRUDENT

UNDERWRITING

IN HEALTH

INSURANCE

H ealth is a state of complete physical, mental, and Y Corporate hospital culture is adding cost of treatment.

social well-being and not merely the absence of
Modern medical science has reached at the stage where
Y
disease or immunity. Good health is an essential
requirement for the enjoyment of most aspects of virtual Autopsy is the talk of the day, where no cuts
needed to do post-mortem and images can be analysed
life.
by forensic experts. This will certainly help in medico-
legal cases.
In this new millennium where: -
Y Health is greater risk than death. Health insurance is the only answer to the above
Y Patterns and type of diseases are changing. which will: -
Y Mortality is decreasing and morbidity is increasing. Y Provide financial help for availing the benefits of this
Y Need for healthcare is not only for bread earner but is advance technology in medical science.
equally important to other family members.
Y Protect the patient and family against financial disaster
Y Medical technology developed quite fast during last few due to treatment.
decades.
Y Protect against the unexpected risk of illness and medical
Y Technological upgradation in medicine and other field care.
has raised the cost of medical care.
Y Make mode of payment for healthcare simplified as
About the author insured will pay premium to insurer who in turn will take
care of hospitalisation expenses including other medical
Dr G M Garg care expense.
(ex DGM UIIC), Vice president Y Eliminate sickness as a cause of poverty because sickness
Vipul Medcorp Insurance TPA Private Ltd increases loss of earnings and cost of medical care thereby
Noida
increasing poverty.
The Insurance Times, September 2021 41