A Comparative Study on Services Provided by Health Insurance Companies in India

India is world’s third largest economy in terms of its Gross National Income (in PPP terms) and has the potential to grow larger and more equitably, and to emerge to be counted as one of the developed nations of the world. India today possesses as never before, a sophisticated arsenal of interventions, technologies and knowledge required for providing health care to her people. On the face of it, much of the ill health, disease, premature death, and suffering we see on such a large scale are needless, given the availability of effective and affordable interventions for prevention and treatment. Health Insurance is an insurance against the vagaries of unforeseen heath expenses. The insurer pays the medical and surgical expenses that are incurred by the insured. Health Insurance can either reimburse the Insured for expenses incurred from illness or injury or pay the care provider directly Health Insurance has been an integral part of Govt’s health policy.