Indian Health Insurance Companies in a Bull Run
In recent years, many of the health insurance companies in US have joined hands with Indian companies and such tie-ups are continuously on the rise. By this US citizens are given treatment in Indian hospitals and this is a brilliant cost cutting technique employed by the health insurance companies in US. Though the partnership deals mainly benefit the US companies, it is still good for India as the quality of treatment in the country gets improved in order to meet international standards.
With rise in population and overall increase in income levels the Indian healthcare industry is growing at a rapid pace. Industry experts feel that this is just the start and there is going to be a phenomenal growth in future. At the same time companies have to come up with innovative insurance products to meet the growing expectations. Product changes should not just stop with tariff changes and few modifications in features. Understanding buyer behavior, streamlining product development, handling claims, and more health reforms are some of the key points that companies need to focus on. Companies should also increase their exposure in rural areas with cheaper pricing structure.
With compulsory health insurance at a fair price enough funds can be generated to ensure healthcare to every citizen. Getting health insurance at affordable rates is what every individual dreams about and let’s hope that happens.