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Middle class India unprepared over rising medical cost

Online Health insurance plans by Bajaj Allianz include individual health insurance, family floater health insurance, add on health cover, senior citizens and women specific critical health insurance policies.<br>https://www.bajajallianz.com/Corp/health-insurance/health-family-floater.jsp<br>

TomCraig
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Middle class India unprepared over rising medical cost

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  1. Best Health Insurance in India

  2. Middle class India unprepared over rising medical cost

  3. When it comes to best health insurance in Indiahow much you think is adequate? Chances are you have no idea, and hence you are under insured. • BigDecisions.com, a personal finance advice platform today released their 2015 health research report that says middle class Indians are largely under insured for health insurance.  • The data shows that some 95% of the platform's users were not adequately insured, with 62% of the 10,000 users having less than 50% of required health cover. • “An increased appreciation of rapidly rising healthcare treatment costs does not seem to have translated into Indian consumers being better prepared. 

  4. The key findings show: India has double digit medical inflation. On the other hand, health cover is not adequate, and even employers' health cover is insufficient in many cases, and individuals end up paying from • their own pockets many a times. And, even though the premiums for health insurance have remained relatively stagnant. • Over the last four years, premiums of most insurers have increased only once - in 2014 - over the previous year, reflecting a CAGR of 2.79% (for sum insured of Rs 2,00,000 and Rs 3,00,000) and 3.29% (for sum insured Rs 5,00,000 and Rs 10,00,00).

  5. The report is based on a data from 10,000 consumers across eight major cities, aged 25 to 45+ and in the income bracket ranging from Rs 6 to 36 lakh annually. • Do you know if you and your family is adequately insured for your health. Keep tracking this space as we bring you a Video on how much medical insurance do I really need? • http://www.firstpost.com/business/money/health-insurance-middle-class-india-unprepared-over-rising-medical-cost-2520826.html

  6. Follow us on https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllianz https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/

  7. Click to know more on Best Health Insurance in India visit: https://www.bajajallianz.com/Corp/health-insurance/health-family-floater.jsp Thank You…..

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