Rising Healthcare Costs: Don’t Rely On Your Corporate Health Insurance
As per a study by KPMG & FICCI, the out-of-pocket expenditure for Indians accounts for approx 62 percent of the total healthcare expenditure as compared to the global average of 18 percent. Those of you who are completely reliant on corporate medical insurance should pay attention to the findings of the Micro, Small and Medium Enterprises (MSME) group medical insurance penetration in India report. As per the report, 48 percent of MSMEs prefer a low amount insured of only up to 2 lakh rupees. These Micro, Small and Medium enterprises opt for a basic coverage of personal accident & critical diseases with their focus locked on low insurance premiums which results in a reduced insurance coverage.
- 30 minutes claim support*
- 50,000 claims approved in last 15 months*
- Schedule home visit with our advisors
- Get a plan based on your medical needs
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
- 1
- 2
- 3
- 4
Who would you like to insure?
- Home
- Health Insurance
- News - GHI
- Rising Healthcare Costs: Don’t Rely on Your Corporate Health Insurance
The take away from this report that you must buy an adequate health insurance coverage that offers good healthcare services even after 12-15 percent inflation. Over the company-provided corporate health insurance & social welfare schemes like Rashtriya Swasthya Bima Yojana a family floater medical insurance plan should also be purchased to get maximum insurance benefits.
Health insurance articles
15 Sep 2022
Monkeypox has slowly and steadily spread to more than 85 countries...
06 Sep 2022
As we grow old, the chances of developing a disease or a medical...
25 Aug 2022
Ever since COVID-19 entered our lives, health insurance has come...
25 Jul 2022
Monkeypox is the latest disease to make its way to India while we...
05 Jul 2022
Barely any person has remained unaffected due to rising health...
