1 / 14

A SOCIETY OF ALL AGES IS A SOCIETY COMMITTED TO DEVELOPMENT

A SOCIETY OF ALL AGES IS A SOCIETY COMMITTED TO DEVELOPMENT. GLOBAL SCENARIO OF SENIOR CITIZENS. SENIOR CITIZENS ABOVE 60 YEARS (IN MILLIONS). GLOBAL SCENARIO OF SENIOR CITIZENS. In Million. 12%. YEAR 2002. 88%. 18%. YEAR 2025. 82%. INDIAN SCENARIO OF SENIOR CITIZENS. Value in Million.

hye
Télécharger la présentation

A SOCIETY OF ALL AGES IS A SOCIETY COMMITTED TO DEVELOPMENT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A SOCIETY OF ALL AGES IS A SOCIETY COMMITTED TO DEVELOPMENT

  2. GLOBAL SCENARIO OF SENIOR CITIZENS

  3. SENIOR CITIZENS ABOVE 60 YEARS (IN MILLIONS) GLOBAL SCENARIO OF SENIOR CITIZENS In Million

  4. 12% YEAR 2002 88% 18% YEAR 2025 82% INDIAN SCENARIO OF SENIOR CITIZENS Value in Million Projections - India

  5. INDIAN SCENARIO OF SENIOR CITIZENS

  6. WHY IS INDIA GREYING FAST • Advancements in medical / health Technologies • Gradual fall in mortality rate • Increased awareness • Better nutrition • Increased life expectancy

  7. MAJOR CHRONIC CONDITIONS AFFECTING SENIOR CITIZENS • Cardiovascular diseases (such as coronary heart diseases). • Hypertension • Stroke • Diabetes • Cancer • Chronic obstructive pulmonary disease • Musculoskeletal conditions (such as arthritis and osteoporosis) • Mental Health conditions (mostly dementia and depression) • Blindness and visual impairment.

  8. DISEASES AFFECTING SENIOR CITIZENS

  9. Way ahead….. Legislation Funding mechanism Product Innovations Value adds • Initiative from Govt. • Initiative from Insurance Co. • Initiative from Provider of services • Most IMPORTANT… Initiative from the Senior Citizens

  10. Funding Mechanisms Self Funded Model Indemnity Model Self regulated Insurance Co.

  11. Self Funded Model • Minimum Critical Mass • One time contribution at the time of retirement into the Corpus • Annual Nominal Contribution into the Corpus • Regulated by Governing Body comprising of representatives from Senior Citizen segment • Flexibility of approach • Decision making lies with the Group FHPL would assist the group from conceptual to ……implementation phase

  12. Product innovations • Traditional Health Insurance Cover excluding Pre-existing disease • Traditional Health Insurance cover with Pre-existing disease cover • Long term Cover • Life term Cover • Critical Illness Cover – Cardiac, Kidney, Neuro, Transplant, Joint replacements • Diabetic care Cover • Cardiac Care Cover

  13. Product innovations • Products to feature: • Provision for Annual Premium • One time premium for Long term cover/ Life term cover • Scope for Discount or Loading on Premium based on the Health & Life style of the member • Co-payment • Complementary Preventive check-up • Incentive for wellness

  14. THANK YOU

More Related