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In 2018, one hundred million Indian households (500 million people) benefit from health coverage. In 2011, 3.9% [1] of India's gross domestic product was spent in the health sector. Policies are available that offer both individual and family cover. Out of this 3.9%, health insurance accounts for 5-10% of expenditure, employers account for ...
According to the National Health Accounts report, the total expenditure on health care as a proportion of GDP in 2018 was 3.2%. [8] Out of 3.2%, the governmental health expenditure as a proportion of GDP is just 2%, [9] and the out-of-pocket expenditure as a proportion of the current health expenditure was 42.06% in 2019 while expenditure of the government and health insurance funds increased ...
Niva Bupa Health Insurance Company Limited (Niva Bupa) is an Indian health insurance company, founded in 2008. It is headquartered in New Delhi, India.. Niva Bupa Health Insurance Company Ltd. (formerly known was Max Bupa Health Insurance Company Limited) is a joint venture between Fettle Tone LLP (an affiliate of True North Fund VI LLP), an Indian private equity firm, and the UK based ...
A health and wellness centre established as a part of Ayushman Bharat Yojna at Mahua community development bloc, Bihar. Features of PM-JAY include the following— providing health coverage to 10 crores households or 50 crores Indians; [16] providing a cover of ₹ 5 lakh (equivalent to ₹ 5.6 lakh or US$6,700 in 2023) per family per year for medical treatment in empaneled hospitals, both ...
The New India Assurance Co. Ltd. (NIA) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Mumbai , [ 5 ] it is the largest nationalised general insurance company of India based on gross premium collection inclusive of foreign operations. [ 6 ]
General Insurance Corporation of India Limited, (abbreviated as GIC Re), is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign ...
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