The health care costs in India are going up massively and they would continue to grow up which makes it very important for everyone to have health insurance. There was a study done by Mercer Marsh and it said that the projected medical trend rate will be 10 percent in India.
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If you go to private hospitals and if you don’t have insurance and if the health care expense is growing at such a massive pace, the inflation then, 15 years down the line, even the insurance is going to get very expensive and the healthcare treatment is going to get very, very expensive.
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COVID-19 has acted as a catalyst for escalating health care costs. In 2021, the budget for health care was increased 10 percent over previous years. It means the govt is pouring in a lot of health care infrastructure in India.
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Plum- It is a young startup that is making it easier and more affordable for more firms in the nation to provide insurance coverage to their employees, last year it had raised $15.6 million in its Series A funding to accelerate its growth.
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Navi - Navi app provides you health insurance in 90 seconds and cashless claims in 20 minutes across 10,000+ network hospitals in India, no paperwork, no agents.
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Ditto – The co-founders of Finshots, Pawan Kumar Rai, Shrehith Karkera, Bhanu Harish Gurram, and Lokesh Gurram founded Ditto, an insurance advisory platform in February 2021
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