Many of us believe as to how people make money through health insurance. The human resource managers, finance managers have not yet figured out as to whether these health insurers are smart chaps or someone who can turn losses into profit or are born losers who get up in morning.
But the fact is that health insurance premiums have not moved in random years. During the past 10 years this insurance has been moving up due to inflation. While there is a 110% claim ratios on an average it has lead to government issued seeing a claim of 160%.
At the beginning of 2007 there was a deregulation of non life insurer products which lead to traffic prescribed by Insurance Regulation Department. As a result of which insurance prices have fallen by 80% due to motor insurance rates.
Seeing the global phenomena the Indian Insurance Industry are doing their best to remain at better position. Along with this there are large underwriting losses in 2008-2009 balance sheets which have lead to insurance industry bring in non compatible agreement.
But the fact is that health insurance premiums have not moved in random years. During the past 10 years this insurance has been moving up due to inflation. While there is a 110% claim ratios on an average it has lead to government issued seeing a claim of 160%.
At the beginning of 2007 there was a deregulation of non life insurer products which lead to traffic prescribed by Insurance Regulation Department. As a result of which insurance prices have fallen by 80% due to motor insurance rates.
Seeing the global phenomena the Indian Insurance Industry are doing their best to remain at better position. Along with this there are large underwriting losses in 2008-2009 balance sheets which have lead to insurance industry bring in non compatible agreement.
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