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The Insurance Times

to the facilities available, charges, quality of treatment provided so that before
approaching the hospital people can have idea of charges and they are not put in a
tight spot once a patient is admitted.

6. Categorisation of policies: Insurance companies should launch different versions
of policy for different category of people by charging premium according to the
policy opted. For Eg Economy, Premium policies or Gold/Silver category. In these
policies the premium will be higher for Premium policies and people opting for it will
be eligible for higher sublimits of expenses.

7. Sponsoring of hospitals by Insurance Companies: Looking to the huge healthcare
market the insurance companies may jointly think of promoting hospitals initially in
all major metro cities in public/private partnership. There after facilities may be
extended in smaller cities in form of health care centers for treatment of poor people.
This will have many advantages:
a) Insurance companies can save huge cost in treatment of policyholders.
b) People may be attracted to take insurance policies if they know that quality
treatment will be available at a cheaper cost.
c) Govt may support the venture of insurance companies as it will help to expand
healthcare facilities and fulfill the duty of government.
d) The losses in health portfolio can be reduced to great extent.
e) The insurers can very well provide treatment to BPL population in order to
achieve social service objective.

To promote the healthcare and health insurance industry it will require joint efforts by

362 Guide for Health Insurance