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Health Insurance Scenario in India

Health Insurance Scenario in India. Ravi Parikh. History of Mediclaim in India. 1986. 2005. Industry Premium Rs 1909 Cr. 2011. Industry Premium Rs 16500 Cr. 2018. Industry Premium ? Rs 100000 Cr. Just Imagine the scope for MEDICLAIM ADVISOR Pls Do Not Ignore Mediclaim Business.

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Health Insurance Scenario in India

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  1. Health Insurance Scenario in India Ravi Parikh

  2. History of Mediclaim in India • 1986

  3. 2005 • Industry Premium • Rs 1909 Cr

  4. 2011 • Industry Premium • Rs 16500 Cr

  5. 2018 • Industry Premium ? • Rs 100000 Cr

  6. Just Imagine the scope for MEDICLAIM ADVISOR • Pls Do Not Ignore Mediclaim Business.

  7. 2018 • No of Stand Alone Health Insurance Companies will be 50 as against 3 today.

  8. These Companies are waiting certain changes by IRDA and Govt of India.

  9. Changes….

  10. Changes • 1. Licence fees to be reduced to Rs 50 Cr which is Rs 100 Cr today.

  11. Changes • 2. FDI to be increased to 49% against 26% today.

  12. Delay in starting these companies….

  13. Delay in starting these Companies • 1. Unstable Govt, • (not able to take decision)

  14. Delay in starting these Companies • 2. Lack of Investment capacity by Indian Company

  15. Delay in starting these Companies • 3. Foreign Partner

  16. Delay in starting these Companies • 4. Changes by Govt of India

  17. How much delay ?

  18. How much delay? • This will take atleast 4-5 yrs to start their Business.

  19. GREAT Opportunity • for us to encash.

  20. TARGET (INDUSTRY PREMIUM) • RS 100000 CR

  21. Individual Target

  22. INDIVIDDUAL TARGET • RS 1 CR • (BY 2015) • MEDICLAIM PORTFOLIO • WITH EACH ONE

  23. What ? • If you have 1 Cr Mediclaim Portfolio…

  24. GROWTH • GUARANTEED GROWTH OF 20% INCOME EVERY YEAR • How?

  25. 10 Reasons of GROWTH

  26. REASON NO.1. • REFERENCES

  27. REASON NO.2 • INCREASING SUM INSURED

  28. REASON NO.3. • INCREASING FAMILY SIZE

  29. REASON NO.4 • SPLITTING FAMILY

  30. REASON NO.5 • INCREASING TREATMENT COST- • SUPERSURPLUS

  31. REASON NO.6 • MIGRATION TO NEW PLANS

  32. REASON NO.7 • INNOVATIVE NEW PRODUCTS

  33. REASON NO.8 • LOADING- • CLAIM EXPERIENCE

  34. REASON NO.9 • REVISION OF PREMIUM • AFTER 5 YRS

  35. REASON NO.10 • CHANGE OF AGE BAND

  36. STAR HEALTH • 1. First Stand alone Health Insurance Company.

  37. STAR HEALTH • 2. Last Year Business Rs 1600 Cr ( 10% Share of Market out of 29 Cpmpanies)

  38. STAR HEALTH • 3. Advisors like YOU

  39. Latest updates • 1. Room Rent Increased to Rs 5000/- • .

  40. Latest updates • 2. Health Gain Claim : A simple self declaration form required, No Billls needed

  41. Latest updates • 3. Height & Weight to be mentioned in Proposal Form • (For BMI)

  42. Latest updates • Calculation of BMI Weight (KG) Ht(cms)XHt(cms)

  43. BMI Less than 29.9% will be accepted.

  44. BMI more than 35% • = Avoid Policy

  45. BMI 29.9-35% • Medical Examination for each.

  46. Latest updates • Special Incentive • 5% to Agents for 6 Special Products-

  47. Latest updates • Red Carpet

  48. Latest updates • Health Gain

  49. Latest updates • Super Surplus

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