A SOCIETY OF ALL AGES IS A SOCIETY COMMITTED TO DEVELOPMENT

A SOCIETY OF ALL AGES IS A SOCIETY COMMITTED TO DEVELOPMENT

YEAR 2002

53%

24%

7%

8%

7% 1% Asia

Europe

Africa

North America

Latin America andCarribean

Oceania

YEAR 20251%

59%

8%

8%

7%

17%

Asia

Europe

Africa

North America

Latin America andCarribean

Oceania

GLOBAL SCENARIO OF SENIOR CITIZENS

91%

9%

87%

13%

GLOBAL SCENARIO OF SENIOR CITIZENS

SENIOR CITIZENS ABOVE 60 YEARS

(IN MILLIONS)

In Million

350180170

620

400

220

1150

800

350

-100

100

300

500

700

900

1100

1300

1500

1970 2002 2025

World Population

DevelopingCountries

DevelopedCountries

INDIAN SCENARIO OF SENIOR CITIZENS

88%

12%

YEAR 2002

82%

18%

YEAR 2025

620

81

1150

168.5

0

500

1000

1500

2002 2025

Value in Million

77 Mn. 100 Mn.

177 Mn.

324 Mn.

0

10000

20000

30000

40000

2001 2013 2025 2050

Projections - India

10%

90%

0%

20%

40%

60%

80%

100%

ORGANISEDSECTOR

UNORGANISEDSECTOR

75%

48.20%55%

73%

0%

20%

40%

60%

80%

100%

RURAL WOMEN WIDOWS ILLITERATE

33% 33% 34%

0102030405060708090

100

BELOWPOVERTY

JUST ABOVEPOVERTY

ABOVEPOVERTY

66%

34%

0

20

40

60

80

100

INSUFFICIENT SELF SUFFICIENT

INDIAN SCENARIO OF SENIOR CITIZENS

Advancements in medical / health Technologies

Gradual fall in mortality rate

Increased awareness

Better nutrition

Increased life expectancy

WHY IS INDIA GREYING FAST

MAJOR CHRONIC CONDITIONS AFFECTING SENIOR CITIZENS

Cardiovascular diseases (such as coronary heart diseases).

Hypertension

Stroke

Diabetes

Cancer

Chronic obstructive pulmonary disease

Musculoskeletal conditions (such as arthritis and osteoporosis)

Mental Health conditions (mostly dementia and depression)

Blindness and visual impairment.

DISEASES AFFECTING SENIOR CITIZENS-Aches and Pains -Dehydration-Age Spots -Denture Pain-Allergy -Depression-Alzheimer's -Diabetes-Anemia -Diarrhea-Angina -Diverticulosis-Arm Flab -Dizziness-Arthritis -Dry Eyes-Asthma -Dry Hair-Back Pain -Dry Hands-Bad Breath -Dry Mouth-Bed Sores -Dry Skin-Body Odor -Earaches-Bone Spurs -Ear Hair-Brittle Nails -Earwax-Bruises -Eczema-Bunions -Emphysema-Burns -Erectile Dysfunction-Bursitis -Eyestrain-Caffeine Dependancy -Fatique-Cancer -Fears and Anxiety-Canker Sores -Fever-Cataracts -Flatulence-Clumsiness -Food Allergy-Cold Hands and Feet -Food Poisoning-Colds -Foot Odor-Cold Sores -Foot Pain-Colon Cancer -Fragile Skin-Constipation -Gallstones-Corns and Calluses -Glaucoma-Coronary Heart Disease -Gout

-Coughing -Grieft-Crow's Feet -Gum Problems-Cuts and Scrapes -Hair Loss-Cysts and Sties -Hammertoes

-Headache -Overactive Bladder-Hearing Loss -Overweight-Heartburn -Phlebitis-Heart Palpitations -Pneumonia-Heat Exhaustion -Poor Appetite-Hemorrhoids -Poor Concentration-Hyperthermia -Poor Smell and Taste-High Blood Pressure -Prostate Cancer-High Colesterol -Rashes-Hip Pain -Reading Problems-Hives -Restless Legs Syndrome-Impotence -Rosacea-Incontinence -Scars-Ingrown toenails -Sciatica-Insomnia -Shingles-Intermittant Claudication -Sleep Interruptions-Irritable Bowel Syndrome -Slowed Reaction Time-Irritability -Slow Healing-Jaw Pain and TMD -Smoking Addiction-Laryngitis -Snoring-Lowered Sexual Desire -Sleep Apnea-Lyme Disease -Stomachache-Macular Degeneration -Stress-Memory Loss -Sunburn-Mobility Problems -Stroke-Morning Aches and Pains -Television Addiction-Mouth Sores -Tinnitus-Muscle Soreness -Toenail Fungus-Nausea -Toothache-Neck Pain -Tooth Stains-Neuroma -Ulcers-Night Vision Problems -Underweight-Nosebleeds -Urinary Tract Infections-Numbness and Tingling -Varicose Veins-Osteoporosis

Way ahead…..

Initiative from Govt.

Initiative from Insurance Co.

Initiative from Provider of services

Most IMPORTANT… Initiative from the Senior Citizens

Legislation

Funding mechanism

Product Innovations

Value adds

Funding Mechanisms

Indemnity Model Self Funded Model

Insurance Co. Self regulated

Self Funded Model

Minimum Critical Mass

One time contribution at the time of retirement into the Corpus

Annual Nominal Contribution into the Corpus

Regulated by Governing Body comprising of representatives

from Senior Citizen segment

Flexibility of approach

Decision making lies with the Group

FHPL would assist the group from conceptual to

……implementation phase

Product innovations

Traditional Health Insurance Cover excluding Pre-existing disease

Traditional Health Insurance cover with Pre-existing disease cover

Long term Cover

Life term Cover

Critical Illness Cover – Cardiac, Kidney, Neuro, Transplant,

Joint replacements

Diabetic care Cover

Cardiac Care Cover

Product innovations

Products to feature:

Provision for Annual Premium

One time premium for Long term cover/ Life term cover

Scope for Discount or Loading on Premium based on the Health & Life

style

of the member

Co-payment

Complementary Preventive check-up

Incentive for wellness

THANK YOU