1Assistant Professor, Dept. of Business Management & Entrepreneurship, Dr. RML Avadh University, Ayodhya, Uttar Pradesh, India
2Research Scholar, Dept. of Applied Economics, Faculty of Commerce, University of Lucknow, Uttar Pradesh, India
Online published on 25 August, 2021.
Nature is uncertain and unpredictable. The same is true with the life of an individual which is surrounded by risks and uncertainties in this volatile world. Any kind of misfortunemay lead from minor to serious injuries or even loss of life. Diseases too never knock our doors to enter our body. Money was and will never ever be able to buy life or cure diseases till the existence of this world but to cope up with hard times in our life and life of our near and dear ones when we leave for heavenly abode,insurance is the perfect solution. Generally, insurance is of two types: life insurance and non life insurance or general insurance. The present paper is an attempt to outline the current picture of health insurance sector in India which is a part and parcel of general insurance. Health insurance sector in India has gained huge escalations since liberalization due to introduction of private health care financers, increase in health consciousness among all sections of the society, increase in income of the households, price and service competition between health insurers and absence of bureaucratic attitude in health insurance employees.
General insurance, Health insurance, Liberalization, Health consciousness
