A Study on Growth of Health Insurance Sector During COVID-19 and It’s Future Prospects.

• Author(s): Dr. Pralhad Rathod ; N S Aishwaryalaxmi
• Paper ID: 1704077
• Page: 27-30
• Published Date: 06-02-2023
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 6 Issue 8 February-2023

Abstract

COVID-19 made every human being to understand the uncertainty of life and securing the health and wealth of self and their dear one. The pandemic has created that consciousness of the need for health insurance and what impact it gives in general. There is 34.2% increase in the growth of health insurance (2022 YTD) and there is expectancy of increasing more than this in the coming months.(Jan 3, 2022) In this study the reason for the growth and the future growth prospect of health insurance is studied. The essence of health insurance are the new, innovative and consumer friendly products. From waiting for months to receive health insurance benefits to cashless insurance benefits the customers have experienced a lot. In order to provide need based health insurance IRDA (Insurance Regulatory and Development Authority of India) has framed health insurance under the section 14 (2) (e) of IRDA Act, 1999 to help consumers to deal with the current health crisis. In this entire study the future of health insurance is studied.

Keywords

Insurance, Health, RPA, Innovation, COVID-19, Health Insurance.

Citations

IRE Journals:
Dr. Pralhad Rathod , N S Aishwaryalaxmi "A Study on Growth of Health Insurance Sector During COVID-19 and It’s Future Prospects." Iconic Research And Engineering Journals Volume 6 Issue 8 2023 Page 27-30

IEEE:
Dr. Pralhad Rathod , N S Aishwaryalaxmi "A Study on Growth of Health Insurance Sector During COVID-19 and It’s Future Prospects." Iconic Research And Engineering Journals, 6(8)