Authors :
Prajakta Paralkar; AYESHA IQBAL KHAIR
Volume/Issue :
MMK:ACE-2023
Google Scholar :
http://tinyurl.com/597x76u8
Scribd :
http://tinyurl.com/5n8nknar
DOI :
https://doi.org/10.5281/zenodo.10473025
Abstract :
Health is a basic necessity of the human
beings. The middle socio-economic group do have some
access to the insurance plans; however, this does not
hold true to the residents of India who are suffering
from poverty. During pandemic the lack of health
insurance facilities have compounded the existing
problem.
India is a long way from providing equal healthcare
services to all its citizens even though it is their basic
right. Like other industries Health Insurance Industry is
also affected by the COVID-19 pandemic. Many private
players are giving life as well as non-life insurance cover
to the citizens through a multitude of their products.
They are innovating the products in such a way that they
are able to fulfill the needs of majority of population.
The premise of this paper is to study the impact of
COVID-19 on Health Insurance sector and to
understand how this industry adopted new ways and
introduced new products during the pandemic which has
led to increasing sales and awareness among masses. The
current situation of the healthcare industry has also
analyzed using primary and secondary data obtained
from various sources.
Keywords :
Covid-19,Health Insurance, IRDAI,Pandemic.
Health is a basic necessity of the human
beings. The middle socio-economic group do have some
access to the insurance plans; however, this does not
hold true to the residents of India who are suffering
from poverty. During pandemic the lack of health
insurance facilities have compounded the existing
problem.
India is a long way from providing equal healthcare
services to all its citizens even though it is their basic
right. Like other industries Health Insurance Industry is
also affected by the COVID-19 pandemic. Many private
players are giving life as well as non-life insurance cover
to the citizens through a multitude of their products.
They are innovating the products in such a way that they
are able to fulfill the needs of majority of population.
The premise of this paper is to study the impact of
COVID-19 on Health Insurance sector and to
understand how this industry adopted new ways and
introduced new products during the pandemic which has
led to increasing sales and awareness among masses. The
current situation of the healthcare industry has also
analyzed using primary and secondary data obtained
from various sources.
Keywords :
Covid-19,Health Insurance, IRDAI,Pandemic.
