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Healthcare

Skewed national priorities: Motor insurance is mandatory, health cover isn’t. Here’s how we got here.

Healthcare might have become an election issue, but health insurance remains beyond the reach of most Indians. From regulatory hurdles to limited awareness, there are several reasons for this sorry state of affairs.
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anujgupta
19 Mar 2019 8 Mins Read 0 comment
Concept by Muhabit ul haq Getty Images
Concept by Muhabit ul haq
It’s a study in contrast, reflecting the skewed priorities of policymakers in India. In 2018, over 68,400 vehicles were sold every day in India on average. This means an almost equal number of motor-insurance policies were sold daily. It’s elementary math: The Motor Vehicles Act 1988 makes motor insurance mandatory. Between April and May 2018, motor insurance accounted for
leading to poor sales. Given the challenges of access and affordability in healthcare, industry participants are joining forces to evolve financing solutions for the masses, as we will see in another story. As new players enter the market with innovative products, it’s high time regulators also woke up and got their act together. ( Graphics by Sadhana Saxena)
It’s a study in contrast, reflecting the skewed priorities of policymakers in India. In 2018, over 68,400 vehicles were sold every day in India on average. This means an almost equal number of motor-insurance policies were sold daily. It’s elementary math: The Motor Vehicles Act 1988 makes motor insurance mandatory. Between April and May 2018, motor insurance accounted for leading to poor sales. Given the challenges of access and affordability in healthcare, industry participants are joining forces to evolve financing solutions for the masses, as we will see in another story. As new players enter the market with innovative products, it’s high time regulators also woke up and got their act together. ( Graphics by Sadhana Saxena)

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