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Paisa Vaisa with Anupam Gupta
Insider's Guide to Health Insurance
Feb 5, 2024
Mayank Bathwal, CEO of Aditya Birla Health Insurance, dives deep into the world of health insurance, revealing its critical role, especially in India’s underserved communities. He discusses the unique challenges and innovations brought by schemes like Ayushman Bharat. Listeners will learn essential tips for choosing the right policy, focusing on coverage and affordability. The conversation also highlights innovative products for chronic conditions and the importance of cashless health insurance, emphasizing consumer empowerment and fitness incentives.
38:54
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Quick takeaways
- Health insurance penetration in India faces challenges due to cultural beliefs and economic barriers, highlighting a significant opportunity for market growth.
- Innovative health insurance products are emerging to promote preventive care, offering rewards for healthy practices to better meet consumer needs.
Deep dives
Understanding Health Insurance Penetration in India
The podcast discusses the current state of health insurance penetration in India, emphasizing a significant opportunity for growth. Approximately 144 crore people make up the Indian population, with about 60 crore unable to afford health insurance due to basic living expenses. The Ayushman Bharat Scheme has provided a framework to cover about 32 to 35 crore people within this segment, but many states still need to enhance their coverage efforts. Additionally, the so-called 'missing middle' of around 40 crore individuals can afford but do not have adequate health insurance, leaving this group largely uncovered by existing community schemes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode