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Health insurance has tremendous socio-economic significance, and it impacts financial well-being of households. Independent household coverage of health insurance has been very low in India and as a result individuals and households in India pay 63% of all hospitalization cost out of their own pocket and this high out of pocket expense is seen as a major concern. Given the rising medical inflation in the country, health insurance is increasingly being viewed as a mitigating factor.

Health insurance has tremendous socio-economic significance, and it impacts financial well-being of households. Independent household coverage of health insurance has been very low in India and as a result individuals and households in India pay 63% of all hospitalization cost out of their own pocket and this high out of pocket expense is seen as a major concern. Given the rising medical inflation in the country, health insurance is increasingly being viewed as a mitigating factor.

Changes in the demography with rise of aging population in the last decade and the recent pandemic have also brought about a shift in the way health insurance is viewed by the people. While health insurance is being viewed with a lot more focus, yet lack of awareness and right insights about insurance schemes are still major issues facing the consumer.

FICCI, through its Health Insurance Task Force, is working to address the challenges faced by the ecosystem players in delivering health insurance services in the most efficient and cost-effective manner to the consumers. The Health Insurance Task Force works in a collaborative manner to improve consumer awareness, offer better customer experience and make healthcare services affordable for the masses.

The Task Force also focusses on new emerging trends in the industry related to digitisation of operations and other innovative programs that can help make health insurance even more inclusive.

Team Leader

Anshuman Khanna

Assistant Secretary General

Timeline

2020
Sep
Press Release

Ongoing COVID challenges, decline in OPD footfalls, and higher cost of consumables continue to cripple Healthcare in India: President, FICCI

Aug
Press Release

Health insurance companies should focus more on disease specific policies: Member (Non-Life), IRDAI

Study

Revamping India's health insurance sector with blockchain and smart contracts

Study

Health Insurance Consumer Pulse Survey

Event

Virtual Health Insurance Conference 2020-Innovation for Bridging the Gap

Mar
Event

12th FICCI Health Insurance Conference: Innovation for Bridging the Gap

2019
Press Release

Reach out to the uninsured and provide standardised and quality services, IRDAI Chairman advises health insurance companies and healthcare providers

2018
May
Press Release

Government to use multiple community-level channels for rolling-out Ayushman Bharat

Events

Aug, 2020

Virtual Health Insurance Conference 2020-Innovation for Bridging the Gap

Aug 19, 2020 Virtual Platform

Mar, 2020

12th FICCI Health Insurance Conference: Innovation for Bridging the Gap

Mar 13, 2020 Mumbai, Maharashtra

Chair

Mr Ritesh Kumar

Managing Director & CEO
HDFC Ergo General Insurance Company

Co-Chair

Mr. Mayank Bathwal

CEO
Aditya Birla Health Insurance Company

Co-Chair

Mr. Prasun Sikdar

Managing Director & CEO
ManipalCigna Health Insurance Company
The New Indian Express |

Coronavirus could change how health insurance works

Telangana Today |

Buy a health cover for financial stability

The Tribune |

The promise of good health

Ongoing COVID challenges, decline in OPD footfalls, and higher cost of consumables continue to cripple Healthcare in India: President, FICCI

Detail Page

Health insurance companies should focus more on disease specific policies: Member (Non-Life), IRDAI

Detail Page

Reach out to the uninsured and provide standardised and quality services, IRDAI Chairman advises health insurance companies and healthcare providers

Detail Page

Government to use multiple community-level channels for rolling-out Ayushman Bharat

Detail Page