HISTORY AND EVOLUTION OF HEALTH INSURANCE. “Health” comes from the Old English word hale. meaning “Wholeness, sound or well ”. Health insurance is generally used to describe a form of insurance that pays for medical expenses.
HISTORY AND EVOLUTION OF HEALTH INSURANCE. “Health” comes from the Old English word hale. meaning “Wholeness, sound or well”. Health insurance is generally.
Jan 18, 2018
SAVING PER MONTH SAVING PER YEAR SAVING OVER A PERIOD OF 10YEARS CAN WE ASSURE NO MEDICAL EMERGENCY WILL BE REQUIRED IN THIS 10YEARS WHAT WOULD BE THE AMOUNT REQUIRED FOR THIS MEDICAL EMERGENCY ,20,000/-NO DEPENDING ON THE NATURE OF HOSPITALIZATION ,40,000/-NO ,60,000/-NO ,80,000/-NO HOW MUCH WILL ONE SAVE CAN WE BE ASSURE NO MEDICAL EMERGENCY WILL OCCUR IN OUR LIFE WHAT IF A MEDICAL EMERGENCY ARISES HOW MUCH WILL BE THE COST OF HOSPITALIZATION WHAT WOULD BE THE EXPENSES HOW SHALL ONE BEAR THE SAME.
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HISTORY AND EVOLUTION OF HEALTH INSURANCE.
“Health” comes from the Old English word hale. meaning “Wholeness, sound or well”.
Health insurance is generally used to describe a form of insurance that pays for medical expenses.
INCOME WILL BE FROM THE RANGE OF 10000 – 15000, 15000 – 25000, 25000 – 35000.EXPENSES WILL BE ACCORDING TO THE INCOME.BUT EACH INDIVIDUAL WILL PLAN TO SAVESAVING MAY VARY 1000 PER MONTH TO 4000 PER MONTH.
SAVING PER MONTH
SAVING PER YEAR
SAVING OVER A PERIOD OF 10YEARS
CAN WE ASSURE NO
MEDICAL EMERGENCY
WILL BE REQUIRED IN THIS 10YEARS
WHAT WOULD BE THE AMOUNT
REQUIRED FOR THIS MEDICAL EMERGENCY.
1000 12000 1,20,000/- NO
DEPENDING ON THE NATURE OF
HOSPITALIZATION
2000 24000 2,40,000/- NO
3000 36000 3,60,000/- NO
4000 48000 4,80,000/- NO
HOW MUCH WILL ONE SAVE CAN WE BE ASSURE NO MEDICAL EMERGENCY WILL OCCUR IN OUR LIFE
WHAT IF A MEDICAL EMERGENCY ARISES HOW MUCH WILL BE THE COST OF HOSPITALIZATION
WHAT WOULD BE THE EXPENSES HOW SHALL ONE BEAR THE SAME.
HEALTH INSURANCE - Expenses
MY ROLE AS AN FINANCIAL PLANNING ADVISOR TOWARDS MY CUSTOMER
40% of the people who are Hospitalized either borrow money or sell assets to cover medicalExpenses.
16% of Indians are pushed Into poverty by risingHealth Care Costs.
Source : World Health Organization
Advantages of Health Insurance
• Security against Asset depletion• Quality Medical Services• Need of the hour.• Premium Affordability.• Total protection covering all medical expenses
due to hospitalisation
How much of Health Insurance Coverage do I need?
Health Expense Cost Now In Rs.Cost when you turn 60(@8% inflation)
in Rs.Cost of Critical
illness in a Quality Hospital
Cost Average Cost
By-pass
Organ transplant
Cancer
Present age _________ Years left to Age 60 ____________
Suggested Health Plan :_______________________________________________Sum Insured :_________________________________________Premium Inclusive of Tax : _______________________________
Health Ailment Approximate Cost Today (2010) in Rs.
Estimate Cost5years (12% inflation)
(2015) 10years (8% inflation)
(2020) 20years (8% inflation)
(2030)
Coronary Artery Bypass Graft 1,50,000 - 4,00,000 2,64,000 - 7,05,000 3,24,000 - 8,64,000 6,99,000 - 18,65,000
Angioplasty 1,00,000 - 3,00,000 1,76,200 - 5,28,000 2,16,000 - 6,48,000 4,66,000 - 13,98,000
Organ Transplantation (kidney and liver) 7,00 000 - 25,00,000 12,34,000 - 44,00,000 15,11,000 - 53,97,000 32,63,000 - 1,16,52,000
Cataract 25,000 - 50,000 44,000 - 88,000 54,000 - 1,07,000 1,17,000 - 2,33,000
Dialysis + Cost of Fluids 3,000 - 4,500 5,500 - 7,500 7,000 - 9,000 14,000 - 20,000
Chemotherapy (including drugs) 15,000 - 30,000 26,500 - 53,000 32,000 - 65,000 70,000 - 1,40,000
Lithotripsy (Kidney stone removal) 30,000 - 50,000 53,000 - 88,000 65,000 - 1,08,000 1,40,000 - 2,33,000
Appendectomy 40,000 - 80,000 70,500 - 1,41,000 86,000 - 1,73,000 1,86,000 - 3,73,000
Maternity Cost (Normal delivery) 20,000 - 80,000 35,000 - 1,41,000 43,000 - 1,73,000 93,000 - 3,73,000
HEALTH INSURANCE – Expenses In a Quality Hospital
Health Insurance - Premium
Premium
HEALTH EXPENSES CHART AS PER YOUR LIFE STAGE
PROBABLE HEALTH EXPENSES UNMARRIED NEWLY MARRIED MARRIED WITH
CHILDREN
MARRIED WITHOUT CHILDREN
MATURED PARENTS 60+
ACCIDENT Medium Medium Medium Medium High High
CRITICAL ILLNESS Low Low Low Low High High
NORMAL ILLNESS HOSPITALIZATION Low Low High Low High High
ROUTINE CHECK UP Low Low Medium Medium High High
DENTAL Low Low High Low High High
MATERNITY Not Applicable High Medium Medium Not Applicable Not Applicable
VACCINATION FOR CHILD Not Applicable High Medium Medium Not Applicable Not Applicable
DOCTOR CONSULTATION FEES, TESTS AND MEDICINES
Medium Medium Medium Medium Medium High
EYE CHECK UP Medium Medium Medium Medium High High
HEALTH CARE PRODUCTS Low Low Medium Medium High High
Probability of Health Care Expenses High Medium Low Not Applicable
Why Star First Exclusive Health Insurance company in India. Business: Health, Personal Accident and Overseas Travel
Insurance only. Innovative Products. Like Senior Citizen, Super Surplus, Diabetes
Safe, Health Gain. In House Claims Settlement. In-house Doctors – for Hassle Free Settlement. 24X7, Call Centre , Toll Free Number and Highly Sophisticated
Web Site. 250 Offices Across India with 5000 Employees Over 5000 Network hospitals Across India.
Company Introduction
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