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Health Insurance Scenario in India. Ravi Parikh. History of Mediclaim in India. 1986. 2005. Industry Premium Rs 1909 Cr. 2011. Industry Premium Rs 16500 Cr. 2018. Industry Premium ? Rs 100000 Cr. Just Imagine the scope for MEDICLAIM ADVISOR Pls Do Not Ignore Mediclaim Business.
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Health Insurance Scenario in India Ravi Parikh
2005 • Industry Premium • Rs 1909 Cr
2011 • Industry Premium • Rs 16500 Cr
2018 • Industry Premium ? • Rs 100000 Cr
Just Imagine the scope for MEDICLAIM ADVISOR • Pls Do Not Ignore Mediclaim Business.
2018 • No of Stand Alone Health Insurance Companies will be 50 as against 3 today.
These Companies are waiting certain changes by IRDA and Govt of India.
Changes • 1. Licence fees to be reduced to Rs 50 Cr which is Rs 100 Cr today.
Changes • 2. FDI to be increased to 49% against 26% today.
Delay in starting these Companies • 1. Unstable Govt, • (not able to take decision)
Delay in starting these Companies • 2. Lack of Investment capacity by Indian Company
Delay in starting these Companies • 3. Foreign Partner
Delay in starting these Companies • 4. Changes by Govt of India
How much delay? • This will take atleast 4-5 yrs to start their Business.
GREAT Opportunity • for us to encash.
TARGET (INDUSTRY PREMIUM) • RS 100000 CR
INDIVIDDUAL TARGET • RS 1 CR • (BY 2015) • MEDICLAIM PORTFOLIO • WITH EACH ONE
What ? • If you have 1 Cr Mediclaim Portfolio…
GROWTH • GUARANTEED GROWTH OF 20% INCOME EVERY YEAR • How?
REASON NO.1. • REFERENCES
REASON NO.2 • INCREASING SUM INSURED
REASON NO.3. • INCREASING FAMILY SIZE
REASON NO.4 • SPLITTING FAMILY
REASON NO.5 • INCREASING TREATMENT COST- • SUPERSURPLUS
REASON NO.6 • MIGRATION TO NEW PLANS
REASON NO.7 • INNOVATIVE NEW PRODUCTS
REASON NO.8 • LOADING- • CLAIM EXPERIENCE
REASON NO.9 • REVISION OF PREMIUM • AFTER 5 YRS
REASON NO.10 • CHANGE OF AGE BAND
STAR HEALTH • 1. First Stand alone Health Insurance Company.
STAR HEALTH • 2. Last Year Business Rs 1600 Cr ( 10% Share of Market out of 29 Cpmpanies)
STAR HEALTH • 3. Advisors like YOU
Latest updates • 1. Room Rent Increased to Rs 5000/- • .
Latest updates • 2. Health Gain Claim : A simple self declaration form required, No Billls needed
Latest updates • 3. Height & Weight to be mentioned in Proposal Form • (For BMI)
Latest updates • Calculation of BMI Weight (KG) Ht(cms)XHt(cms)
BMI more than 35% • = Avoid Policy
BMI 29.9-35% • Medical Examination for each.
Latest updates • Special Incentive • 5% to Agents for 6 Special Products-
Latest updates • Red Carpet
Latest updates • Health Gain
Latest updates • Super Surplus