| Introduction of health insurance in india | | | | 10. Oriental Insurance Company Limited |
| In mid 80’s most of the hospitals in India | | | | 11. Reliance General Insurance Company Limited |
| were government owned and treatment was free of | | | | 12. Royal Sundram Alliance Insurance Company |
| cost. With the advent of Private Medical Care the | | | | Limited |
| need for Health Insurance was felt and various | | | | 13. Star health and Allied Insurance Company Limited |
| Insurance Companies (New India Assurance, National | | | | 14. TATA AIG General Insurance Company Limited. |
| Insurance Company, Oriental Insurance & United | | | | (Overseas Health Insurance only) |
| Insurance Company) introduced Mediclaim Insurance | | | | 15. United India Insurance Company Limited |
| as a product. | | | | 16. Universal Sompo General Insurance Company |
| According to recent news report Health insurance | | | | Limited |
| continues to be the fastest growing segment with | | | | India is the only country where hospitalization |
| annual growth rate of 55%. Health Premium has risen | | | | insurance policy was being sold as Mediclaim Insurance |
| to Rs. 3300 crores in 2006-2007. As per the recent | | | | Policies. The very name gives a feeling to the insured |
| reports from various agencies the Health sector has | | | | that claim has to be lodged. If motor insurance policy |
| the potential to become a Rs. 25000-crore industry | | | | is not sold as motor insurance claim policy and |
| by 2010. | | | | household insurance policy is not sold as household |
| On August 15, 2007 Prime Minister has announced Rs | | | | claim policy then why this be named as Mediclaim? |
| 2000 Crores for Health Insurance for poor citizens. | | | | In the recent years the trend has emerged that |
| We foresee that this amount will be partly in form of | | | | some Insurance companies have started calling this |
| subsidy therefore during calendar year 2008 we can | | | | product as Health Insurance. |
| expect Health Insurance premium to touch figure in | | | | Health Insurance and Mediclaim are two different |
| the range of Rs 10,000 Crores. | | | | names for the same product. The change has |
| In 2001 with entry of various private Insurance | | | | started coming and now we have started calling it |
| companies now the customers have choice of buying | | | | Health Insurance. ICICI Lombard has even named it |
| this insurance from 14 Insurance companies. | | | | as Health Insurance Policy. |
| The Companies, which offer Health or Mediclaim | | | | Calling is as Health Insurance is a positive way of |
| Insurance, are; | | | | looking at this Insurance. It also giving us a feeling |
| 1. Apollo DKV Insurance Company Limited. | | | | that we as a society have started moving from |
| 2. Bajaj Allianz General Insurance Company Limited | | | | curative medical care to preventive medical care. |
| 3. Cholamandalam MS General Insurance Company | | | | According to sources in Oriental insurance it is being |
| Limited | | | | felt that mindset has started changing over the last |
| 4. Future Generali India Insurance Company Limited | | | | couple of years “ The new middle- class of of |
| 5. HDFC General Insurance Company Ltd. | | | | India aspires fo quality healthcare service and |
| 6. ICICI Lombard General Insurance Limited. | | | | doesn’t mind going to expensive hospitals like |
| 7. IFFCO Tokio General Insurance Company Limited | | | | Apollo or Escorts. There is no reason why healthcare |
| 8. National Insurance Company Limited | | | | insurance should not be successful with this class. |
| 9. New India Assurance Company Limited | | | | |