Summary:
Before 2009, there was nothing available — there was no online term policy, very few health insurance innovations had happened. People are asking, ‘Which health insurance is right for me?’ I think, honestly, only somebody who’s naïve will say, ‘I don’t need health insurance.’ Four days in the hospital, one lakh rupees gone – one has to be really naïve. The reality has kind of sunk in.A very large percentage (62%) of all healthcare spend in this country is out of pocket. Because in travel, you have global distribution systems — you can hook into a global distribution system and supply is ready immediately. Ideally, your out-of-pocket should be 20%; the rest should be covered by either the government or companies, or insurance..