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Insurance Companies Now Help You Fight Diabetes

by Gopalan on  July 25, 2007 at 8:30 PM Health Insurance News
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Insurance Companies Now Help You Fight Diabetes
“Living with diabetes can still be sweet,” reads the tag line of Star Health and Allied Insurance Company Limited, which has forayed into a virgin area in health insurance in India - the global diabetes capital. Star Health and ICICI Prudential Life Insurance are now breaking new ground in health insurance offering exclusive schemes for diabetics.


With the World Health Organisation projecting that 78 million Indians would suffer from diabetes by 2030, there is concern over the health spend of the people who are caught in a sedentary lifestyle web. One in eight adult Indians is already diabetic, which could lead to heart disease, stroke, kidney failure, adult blindness and amputations.

Two years ago in an interview, the Chief Regional Manager (Chennai) of the National Insurance Company S Kalyanasundaram had dismissed the idea of insuring diabetics arguing: “Insurance can only work if the law of averages applies. There are too many people with diabetes.”

Such hard positions meant that middle-class diabetics ended up spending a quarter or more of their income on medication and care. According to a study, the mean estimated total costs of diabetes in India were Rs.19914 per individual per annum.

Now that is set to change. Star Health’s ‘Diabetes Safe Insurance Policy’ is exclusively designed for people diagnosed with Diabetes Mellitus Type II. The policy, which covers those aged between 26 and 65 years, is available for Rs 50,000 to Rs 5,00,000. “The limit of 65 years is applicable only for initial entry into the scheme. Renewals will be accepted up to 70 years,” a spokesperson for the company said.

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