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The major problems of health insurance service providers are increased life span of inhabitants and piling up of claims.With increased life span of the insured persons, the insurers are to provide insurance coverage for a far longer period, resulting in increase in operational and overhead costs. With huge claims being deposited with the insurance cos and/or TPAs, as a matter of fact, the basic concept of health insurance is becoming uneconomic before the insurers (as they are pay more towards claims that the amounts received by them as premiums) . The difference between income and outgo is being compensated from fire/burglary, marine insurance premiums where claims are occasional.

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10y ago

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