About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Experts Warn of Increasing Number of Frauds in the Mediclaim Sector

by Vanessa Jones on February 26, 2013 at 12:22 PM
Font : A-A+

 Experts Warn of Increasing Number of Frauds in the Mediclaim Sector

At an average 9 out 10 frauds take place in the Mediclaim policy segment, proper methods will need to be implemented to curb the number of scams.

"In insurance industry, number of grievances received or number of frauds committed is an indicator of growth trend of particular segment. In entire insurance sector, 90 per cent of frauds and grievances come from health policies," said Niraj Kumar, General Manager, Oriental Insurance Company.

Advertisement

He was addressing a seminar at the Amity University on Health Insurance on the24th of February.

As an example he said that if one had to draw two curves -then the growth curve was ahead of the learning curve. This, he said showed the industry's focus was on marketing health policies, which had to change to, first bridge the level of trust between the insured and the insurer.
Advertisement

The Managing Director of a consulting firm - Mililman- said, as the health industry in India was growing greatly, India would have to be very careful. The American health industry was an example where the growth had now become stagnant.

NeerajBasur, Chief Financial Officer, Max Bupa Insurance Company said that there is lack of trust level among hospitals, third party administrators, insurance companies and customers.

The trust has to be built up - keeping in mind that the customer's needs are requisite to the growth of this industry.

References :

Hannah Punitha (IRDA Licence Number: 2710062)

R R Grover, Noida February 2013

Source: Medindia
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Advertisement
News Category
What's New on Medindia
Turmeric: Magic Ingredient to Keep you Healthy in Winter
Top 7 Benefits of Good Oral Hygiene
Healthy and Safer Thanksgiving 2021
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Health Insurance In India - An Overview 

Recommended Reading
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and ......
Third Party Administrator for Claims and Cashless Health Insurance
Understanding the role of Third Party Administrator (TPA) in the world of health insurance and how ....
Health Insurance
This slideshow explains the concepts about healthcare insurance industry in India....
Mississippi Health Insurance Exchange Rejected by the U.S Government
The state to be rejected for building an independent health exchange has disappointed Insurance ......
Health Insurance In India - An Overview
Health insurance has emerged one of the fastest growing segments in the non-life insurance industry ...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use