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1What is Health Insurance?Health insuranceis a type ofinsurance coverage that covers the cost of aninsured individual's medical and surgical.Health Insurance is a contract between an individual/group and the insurer.In health insurance terminology, the "provider" is a clinic, hospital, doctor, laboratory, health care practitioner, or pharmacy.http://www.policyadvisor.in2Reasons for Health ProblemsPhysical Activity and NutritionOverweight and ObesityTobaccoSubstance AbuseHIV/AIDSMental HealthInjury and ViolenceEnvironmental QualityImmunizationAccess to Health Carehttp://www.policyadvisor.in3Rising Health Care Costs - ReasonsSpecialty drugs, higher medical billsTechnology advancementsCost of trained healthcare staffHospital infrastructure Medical equipment Cost of livingInflation Rising drug pricesSuper specialty doctorsDefensive Medical practicehttp://www.policyadvisor.in

4Why is health insurance essential?Ambulatory patient servicesEmergency servicesHospitalizationMaternity and newborn careMental health and substance abuse disorder services (including behavioral health treatment)Prescription drugsRehabilitative and habilitative services and devicesLaboratory servicesPreventive and wellness services and chronic disease managementPediatric services, including oral and vision carehttp://www.policyadvisor.in5Health Insurance Market in IndiaIndia consists of 52 insurance companies of which 24 are in life insurance business and 28 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company.

As per data reported on websites of various general insurers, theGross Written Premium (GWP)for FY 2014-15 (i.e. the period April 2014 to March 2015) generated by 27 general insurance companies in India, is INR 87,625 crore (USD 14.1 billion). The corresponding figure for last fiscal (FY2013-14) was INR 79,688 crore (USD 12.8 billion). The only company whose website does not show the required details till writing this newsletter is Agriculture Insurance Company of India (AIC).http://www.policyadvisor.in6Health Insurance Role of HospitalsHospitals are the right place for creating awareness of health insurancehttp://www.policyadvisor.in7Issues & Challenges: Healthcare providersInaccessibility of Healthcare Services SourceLack of or Absence of InfrastructureFastest growing populationChanging disease profile and Re-emerging diseasesMultilayered Healthcare Systemhttp://www.policyadvisor.inA.B.C.D.E.8Issues & Challenges: Healthcare providersNo unwanted investigations, treatments, delaysClassification of hospitals & transparency No overcharging for insured patientsNo fraudulent medical certificationPre-existing diseases & treatment educationhttp://www.policyadvisor.inA.B.C.D.E.9Retirement AdvisorTerm Insurance AdvisorHealth Insurance AdvisorPension Income PlannerChild Insurance Advisorwww.policyadvisor.in10Thank You