Health Care & Insurance Sector

Abstract

Health insurance is an important pathway in order to achieve mass health care facilities of the citizens of our country. The catastrophic effect of health care spending is not limited to the poor, it also impacts all segments of the population. Health insurance not only protects the insured from an unanticipated medical expenditure but also provides individual’s saving and also income tax advantages. Health insurance is now recognized as one of the most emergent health care system in our country. Establishment of IRDA is a giant step to regulate the insurance companies. The Insurance Laws (Amendment) Act 2015 has recognized health insurance as a separate class of business. Hospitals are collaborating with the insurance companies in order to provide medical services for their customers in times of their financial difficulties.