Health insurance for today and tomorrow.
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The panel comprising experts from three different domains – doctors, financial experts and health insurance representatives – emphasized the importance of health insurance and creating awareness on how people can lead a safe and healthy life in the post-COVID times .
Dr. Nand Kumar Jayaram, former CEO, President and GMD, Columbia Asia Hospital, spoke about how health insurance can be of great help in case of critical illness, Ramesh Kumar Damani, Million Dollar LI Consultant and GI Consultant Consultant, described health insurance as a valuable tool. as exposed. overall financial plan.
Both the experts shared some anecdotes from their lives reiterating how health insurance played a major role during a medical emergency.
Dr. Jayaram shared his observations about the development in India’s medical capacity and its impact on the cost of treatment especially in the case of critical illnesses, thus making health insurance even more essential in the present times.
Ravi Vishwanath, President – Accidents & Health Business, HDFC ERGO General Insurance brought to light the issue of rising medical inflation, especially after the pandemic and stressed on the need for a reliable health insurance partner.
“There was a period when health insurance was becoming a pull product from a push product, and there was a figurative line in terms of demand from people wanting to buy insurance. After the pandemic, we are back at the old levels of growth, which is still the fastest growing health insurance business in the world and also the fastest growing line in general insurance in India.” Viswanath observed.
“As intermediaries and as an industry, we have to push the customers (not for the product but for the awareness) about insurance and how it protects in times of need. We have to make sure we have the right products that drive them (customers) to action.” Vishwanath said during the session.
The virtual session also touched on the need for comprehensive health insurance in the post-pandemic world.
Click to watch the full session.