Medical treatment has become very costly for many and almost unaffordable. Hence there is a need for some protective mechanism for majority of the population. Even for doctors the treatment is some time pinching. This is one of the effects of globalization and corporatization of health care. One such protective mechanism is health insurance Health insurance policies are available from both government and private insurance companies.
Insurance of any nature is under the control of IRDA (Insurance Regulatory and Development Authority). In India the health insurance sector was opened for private companies in the year 2000 When somebody falls sick and is hospitalized, in addition to hospital expenses, there is loss of earnings also. Similarly if anybody meets with an accident in addition to above, there may be disability either temporary or permanent. One has to keep these things in mind…
