HISTORY AND EVOLUTION OF HEALTH INSURANCE.

“Health” comes from the Old English word hale. meaning “Wholeness, sound or well”.

Health insurance is generally used to describe a form of insurance that pays for medical expenses.

INCOME WILL BE FROM THE RANGE OF 10000 – 15000, 15000 – 25000, 25000 – 35000.EXPENSES WILL BE ACCORDING TO THE INCOME.BUT EACH INDIVIDUAL WILL PLAN TO SAVESAVING MAY VARY 1000 PER MONTH TO 4000 PER MONTH.

SAVING PER MONTH

SAVING PER YEAR

SAVING OVER A PERIOD OF 10YEARS

CAN WE ASSURE NO

MEDICAL EMERGENCY

WILL BE REQUIRED IN THIS 10YEARS

WHAT WOULD BE THE AMOUNT

REQUIRED FOR THIS MEDICAL EMERGENCY.

1000 12000 1,20,000/- NO

DEPENDING ON THE NATURE OF

HOSPITALIZATION

2000 24000 2,40,000/- NO

3000 36000 3,60,000/- NO

4000 48000 4,80,000/- NO

HOW MUCH WILL ONE SAVE CAN WE BE ASSURE NO MEDICAL EMERGENCY WILL OCCUR IN OUR LIFE

WHAT IF A MEDICAL EMERGENCY ARISES HOW MUCH WILL BE THE COST OF HOSPITALIZATION

WHAT WOULD BE THE EXPENSES HOW SHALL ONE BEAR THE SAME.

HEALTH INSURANCE - Expenses

MY ROLE AS AN FINANCIAL PLANNING ADVISOR TOWARDS MY CUSTOMER

40% of the people who are Hospitalized either borrow money or sell assets to cover medicalExpenses.

16% of Indians are pushed Into poverty by risingHealth Care Costs.

Source : World Health Organization

Advantages of Health Insurance

• Security against Asset depletion• Quality Medical Services• Need of the hour.• Premium Affordability.• Total protection covering all medical expenses

due to hospitalisation

How much of Health Insurance Coverage do I need?

Health Expense Cost Now In Rs.Cost when you turn 60(@8% inflation)

in Rs.

Cost of Critical illness in a Quality

HospitalCost Average Cost

By-pass

Organ transplant

Cancer

Present age _________ Years left to Age 60 ____________

Suggested Health Plan :_______________________________________________

Sum Insured :_________________________________________

Premium Inclusive of Tax : _______________________________

Health Ailment Approximate Cost Today (2010) in Rs.

Estimate Cost5years (12% inflation)

(2015) 10years (8% inflation)

(2020) 20years (8% inflation)

(2030)

Coronary Artery Bypass Graft 1,50,000 - 4,00,000 2,64,000 - 7,05,000 3,24,000 - 8,64,000 6,99,000 - 18,65,000

Angioplasty 1,00,000 - 3,00,000 1,76,200 - 5,28,000 2,16,000 - 6,48,000 4,66,000 - 13,98,000

Organ Transplantation (kidney and liver) 7,00 000 - 25,00,000 12,34,000 - 44,00,000 15,11,000 - 53,97,000 32,63,000 - 1,16,52,000

Cataract 25,000 - 50,000 44,000 - 88,000 54,000 - 1,07,000 1,17,000 - 2,33,000

Dialysis + Cost of Fluids 3,000 - 4,500 5,500 - 7,500 7,000 - 9,000 14,000 - 20,000

Chemotherapy (including drugs) 15,000 - 30,000 26,500 - 53,000 32,000 - 65,000 70,000 - 1,40,000

Lithotripsy (Kidney stone removal) 30,000 - 50,000 53,000 - 88,000 65,000 - 1,08,000 1,40,000 - 2,33,000

Appendectomy 40,000 - 80,000 70,500 - 1,41,000 86,000 - 1,73,000 1,86,000 - 3,73,000

Maternity Cost (Normal delivery) 20,000 - 80,000 35,000 - 1,41,000 43,000 - 1,73,000 93,000 - 3,73,000

HEALTH INSURANCE – Expenses In a Quality Hospital

Health Insurance - Premium

Premium

HEALTH EXPENSES CHART AS PER YOUR LIFE STAGE

PROBABLE HEALTH EXPENSES UNMARRIED NEWLY MARRIED MARRIED WITH

CHILDREN

MARRIED WITHOUT CHILDREN

MATURED PARENTS 60+

ACCIDENT Medium Medium Medium Medium High High

CRITICAL ILLNESS Low Low Low Low High High

NORMAL ILLNESS HOSPITALIZATION Low Low High Low High High

ROUTINE CHECK UP Low Low Medium Medium High High

DENTAL Low Low High Low High High

MATERNITY Not Applicable High Medium Medium Not Applicable Not Applicable

VACCINATION FOR CHILD Not Applicable High Medium Medium Not Applicable Not Applicable

DOCTOR CONSULTATION FEES, TESTS AND MEDICINES

Medium Medium Medium Medium Medium High

EYE CHECK UP Medium Medium Medium Medium High High

HEALTH CARE PRODUCTS Low Low Medium Medium High High

Probability of Health Care Expenses High Medium Low Not Applicable

Why Star First Exclusive Health Insurance company in India. Business: Health, Personal Accident and Overseas Travel

Insurance only. Innovative Products. Like Senior Citizen, Super Surplus, Diabetes

Safe, Health Gain. In House Claims Settlement. In-house Doctors – for Hassle Free Settlement. 24X7, Call Centre , Toll Free Number and Highly Sophisticated

Web Site. 250 Offices Across India with 5000 Employees Over 5000 Network hospitals Across India.

Company Introduction

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