'Innovation spree needed to tap Rs 40k-cr health insurance mkt'...

Indian health insurance providers were able to capture only Rs 6,500 crore worth of business for the financial year 2008-09 when the actual market potential ranges between Rs 20,000 crore and Rs 40,000 crore, said S L Mohan, secretary general, General Insurance Council (GIC), at a seminar on repositioning insurance by FICCI recently in city. Out of the total 35 crore insurable population the market is addressing a small 2 crore population. Similar to general insurance PPP model (Public Private Partnership) model, health insurance domain should adopt PPP platform to outreach the humongous market , he said. Emphasizing the need to ...

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Hi & thanks for sharing your knowledge regarding Indian health insurance .Innovative tools like these are definitely required to tap into the huge market available as you rightly pointed out.