Around 65 per cent of health insurance policy holders in the country are covered by private insurers while public sector insurers cover only 35 per cent of this population, according to a study.
However, in terms of premium collection, the equation is inverted as public sector insurers account for over 61 per cent in health premium income, said the study titled ‘Health Insurance in India: A review,’ conducted by industry chamber Assocham.
In terms of channel-wise distribution of medical insurance, individual agents bring in majority of business with 72.9 per cent share, the study said. However, direct business is the major contributor to premium collection with around 37 per cent share, followed by individual agents at 31.6 per cent and brokers at 21.4 per cent.
The study added that addressing the coverage gap is a huge challenge for the industry due to low public spending on health along with high levels of informal or unorganised labour, a large dispersed rural population, high levels of poverty and fewer providers serving the poor.
Revised draft guidelines for urban development soon
The ministry of urban development has announced that it plans to share revised draft guidelines for Urban and Regional Development Plans Formulation and Implementation with all states for further consultation in next few weeks.
“The focus needs to be not just on housing, but planned urbanisation that is inclusive of regional planning as well and takes into account holistic social and economic development of the population. In this connection, the revised and draft guidelines for Urban and Regional Development Plans Formulation and Implementation will be shared within a few weeks,” Dr Sudhir Krishna, secretary, ministry of urban development said at a seminar recently.
“The urban population of 31 per cent is still too low given the population and size of the country and continues to put too much pressure on rural resources. The urban population is likely to grow exponentially …We need to be prepared for an India where at least 70 per cent of the population will live in cities,” he added.