Financial Performance of Selected Private Standalone Health Insurance Companies in India – A Case Study

The insurance in modern India is more than 200 years old. After reform in Insurance sector in India the expenditure has increased in Health care than other daily requirements; which includes out-of-pocket expenses also. Health care insurance (mediclaims) becomes more problematic and unsatisfied to the policy holders and patients in two ways one health care reimbursements are not adequate and the settlements of claims are also delayed and another the quality of health care at various hospitals not upto date.. The Health Insurance companies promoting their insurance products in very lucrative manner (this may be for other types of insurances also) and effective ways but when patient requires selecting hospital insurance companies shows the limits of insurance policies and also delays claim settlements and less payment etc. In this case study every effort are made to collect proper data from sources and analyze the effectiveness of selected private standalone health insurance companies’ statistical analysis.