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Health expenditure is a problem for Indians. AffordPlan and LetsMD are using tech to solve it.

  • Rising costs, low insurance adoption, and a yawning demand-supply gap are driving healthcare out of reach.
  • Targeted solutions such as small-savings schemes and loans for surgeries promise to fill gaps that insurers have failed to address.
  • While allowing these new-age solutions to evolve, the insurance regulator is keeping a close watch on them.
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anujgupta
4 Apr 2019 7 Mins Read 0 comment
Nivesh Khandelwal (left), founder and CEO, LetsMD; Tejbir Singh, CEO and co-founder, AffordPlan BCCL
Nivesh Khandelwal (left), founder and CEO, LetsMD; Tejbir Singh, CEO and co-founder, AffordPlan
Manoj Kumar’s 75-year-old mother, who has been diagnosed with lung cancer, has been advised a therapy with the drug Opdivo, which will cost him about INR8 lakh-INR10 lakh, including hospital expenses. It’s a challenge for the 52-year-old businessman from Delhi because his mother doesn’t have medical insurance. Kumar, who earns around INR15 lakh–INR20 lakh a year and has a family
safe and predefined environment, will create a positive and confident outcome,” says Atul Sahai, chairman and managing director of New India Assurance. “It will help development and penetration of insurance, which is still much below the desired levels.” In other words, it could ultimately help Manoj Kumar and his ailing mother breathe easy. ( Graphic by Mohhamad Arshad)
Manoj Kumar’s 75-year-old mother, who has been diagnosed with lung cancer, has been advised a therapy with the drug Opdivo, which will cost him about INR8 lakh-INR10 lakh, including hospital expenses. It’s a challenge for the 52-year-old businessman from Delhi because his mother doesn’t have medical insurance. Kumar, who earns around INR15 lakh–INR20 lakh a year and has a family safe and predefined environment, will create a positive and confident outcome,” says Atul Sahai, chairman and managing director of New India Assurance. “It will help development and penetration of insurance, which is still much below the desired levels.” In other words, it could ultimately help Manoj Kumar and his ailing mother breathe easy. ( Graphic by Mohhamad Arshad)

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