Overview of Indian health insurance sector background, policies, and challenges.

Abstract

The concept of health insurance begins in India with ESI scheme in 1948. In the year of 1986, it started adopted by people in a serious sense when economic policy and liberalization process introduced by government of India and privatization of the insurance sector taken place. Though the sector has grown slowly in Indian market, but in present scenario health insurance sector both public and private offer various policies to the population. Policies are both offered by state and central government. These policies respectively cover the medical needs of individuals, family, and seniors. This study examines the different policies available in India, their features and importance. According to previous studies, health insurance has developed human life by contributing required knowledge and coverage during their critical medical needs. The study investigated that, lack of awareness, poverty, limited knowledge and some misconceptions among people restrict the health insurance sector in successful implementation. The government, health insurance companies, and health workers can form pillars in spreading awareness and educating people regarding health insurance in India.