Dr.Hariprasad Jayaraj

🚀India’s FIRST hospital-owned insurance plan is here! In India's healthcare system, there are mainly 3 key stakeholders: 👉Patient 👉Health insurance provider, and 👉Hospital But this hospital chain is reshaping this dynamic, by becoming India’s first one to own an insurance company, streamlining the system. Narayana Health‘s flagship plan, Aditi, offers comprehensive family coverage for ₹10,000 annually.  That includes a massive ₹1 crore sum insured for surgeries, and ₹5 lakh for treatment at any of their hospitals. Patients would have to pay a daily co-pay of ₹2,000 for medical treatments. What else? 🔄By integrating hospital and insurance operations, Narayana Health aims streamline claims within their network. Starting with a pilot around Mysuru and expanding across Karnataka, they want to make the claim settlement process smoother. So patients can solely focus on their health and recovery. If executed properly, this could actually make insurance more affordable and accessible for everyone. And with one entity managing both sides, there's less pressure to maximise profits. P.S. All our stories and insights are absolutely #NotSponsored For more such unbiased updates, keep following Beshak.org Insurance :) #updates #insurance #healthinsurance #healthcare #devishetty #breakingnews #news

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📢 Niva Bupa Health Insurance Co. Ltd. IPO: A Balanced Opportunity in Health Insurance 📢 🌟 Key Highlights & Growth Story: Niva Bupa, backed by Bupa’s global expertise, has become one of India’s fastest-growing health insurers with an impressive 17.29% market share in retail health insurance as of FY25 🏆. Its 41.27% CAGR in Gross Written Premium (GWP) from FY22 to FY24 underscores its market traction. Product innovation is a standout, with popular plans like Reassure and Senior First bringing unique benefits like unlimited reinstatement and extensive family coverage 🛡️. These tailored solutions help Niva Bupa target diverse demographics, from millennials to seniors. 🚀 Financial Growth & Strategic Channels: Niva Bupa’s financial journey has seen its GWP nearly double from FY22 to FY24, a remarkable 78.8% CAGR, with more than 5 million insured lives by FY24 📈. Strategic partnerships with HDFC Bank, Axis Bank, and Bajaj Finance help drive multi-channel distribution, with 30% of GWP from agents, 27% from brokers, and 19% from banks. Additionally, AI-driven fraud detection ensures efficient claims processing and transparency 🤖. ⚖️ Balanced Risks & Valuation Considerations: Valuation Concerns: With a P/E ratio of 148x, the IPO pricing is on the high side compared to industry peers, especially given recent Q1 FY25 losses 💰. This high valuation reflects growth expectations but may be challenging for short-term returns. Regulatory Shifts: Standardized insurance offerings could influence Niva Bupa’s unique features, potentially impacting competitiveness. The company, however, sees this as an entry into the underserved segment 📜. 💼 Investment Takeaway: With marquee backers and recent promoter investments, Niva Bupa presents a promising long-term investment opportunity in India’s health insurance market. However, aggressive pricing and short-term losses suggest this IPO may suit investors with a longer horizon and a moderate risk tolerance. For more such reports, visit our website by clicking on the given link: https://lnkd.in/dGMkmpim #NivaBupaIPO #HealthInsurance #LongTermGrowth #InsuranceSector #InvestmentOpportunity #MarketExpansion #InnovationInHealth #IPOAlert #FinancialGrowth #IndiaInvestment #IPOAnalysis #InsuranceTech #HealthForAll #InvestSmart #CBSL #Canmoney #Canarabanksecurities

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MUST READ : 🚨 Many might view health insurance in India as one of the biggest scams. While the published statistics often highlight the percentage of claims settled by insurance companies, they rarely mention the percentage of the total amount settled. This creates a double whammy for consumers. It's important to scrutinize insurers with lower claim settlement ratios and also consider their amount settled ratios. Many companies offer various excuses for deductions from claims. What’s surprising is the lack of action from regulatory bodies like the IRDA. Even if companies argue about their calculation methods, consistency should be maintained across the board, and some insurers still achieve higher settlement ratios. Be cautious when purchasing insurance—always check both ratios before making a decision. Let’s raise awareness on this issue. I’d love to hear your thoughts! #HealthInsurance #ConsumerAwareness #InsuranceClaims #FinancialLiteracy #IRDA #fraud #India #HarishTrivedi

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In an exclusive interview with Riddhima Bhatnagar of business today, Krishnan Ramachandran MD and CEO Niva Bupa talks about the growth potential of the health insurance industry. He also tells that health insurance has the largest share of 40% in non- life insurance category and is the fastest growing sector. According to him it has a potential to capture 350 billion people. The focus of the industry is now to increase the penetration of the health insurancea and for this operators are investing in technology, talent and distributors. He also tells how the state insurance programs, industry initiative are building awareness among people. According to him, Covid has been an inflection point for the health insurance industry. On the rising medical costs he says that inflation is inevitable and instead of shocking the consumers by waiting for 2-3 years before revising rates they now pass on single digit inflation linked premiums each year. In terms of growth, he says industry will continue to grow at 17-18 % CAGR over next 5 yrs and in terms of health care spend globally countries spend 7-8% on healthcare and in India this number is 3-4% which is expected to grow. #equitymarket #investorawareness #ipoinvestment #investmentopportunity #ipo2024 #indianstockmarket #financialgrowth #investinindia #insurancesector #publicoffering #nivabupahealthinsuranceipo Watch: https://lnkd.in/g7fG-2JT

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Anand Roy, MD & CEO, STAR Health Insurance in an interview with the Times of India talks about how Star Health is using data and analytics to offer differentiated pricing and discusses the company's growth plans. #StarHealth #StarHealthInsurance #HealthInsurance

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Excited to be featured on the latest episode of the #Indiainsurtech podcast, where CAMSRep CEO, Vivek Bengani, shares valuable insights on how CAMSRep is solving critical challenges faced by policyholders & Insurers, while delivering the true value of insurance through its transformative platform - Bima Central. Why is Bima Central the need of the hour? -----For Policyholders – A single platform and an easy way for customers to understand their insurance portfolio and interact with its benefits. -----For Insurers – A single platform to interact with policyholders across their insurance portfolio, with syndicated benefits, 360 deg customer view, and more. -----For Insurtechs – An ecosystem fostering multiple opportunities to collaborate and solve industry challenges. Tune in to the podcast and learn more about how Bima Central is becoming a game-changer in the insurance industry. #podcast #Insurance #IIA #CAMSRep #BimaCentral #InsuranceRepository #eInsuranceAccount #IRDAI #CustomerExeprience #camsrep #CAMS

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No insurance? Be ready to pay up to 10% more at hospitals. Many of us might not realize this, but hospitals often charge up to 10% more for patients without health insurance. - [Times of India]. This can be a significant financial burden, especially during unexpected medical situations. Here's why it happens: Hospitals negotiate discounted rates with insurance companies, which helps manage healthcare costs for everyone. Without insurance, you're essentially paying the full, un-discounted price. Consider getting a health insurance plan that fits your needs. It can be a lifesaver (and wallet-saver) in the long run. #Insurance #medical #hospital

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We are excited to be back at the LIMRA Annual Conference this weekend! Say hello to our experts Anant Iyer & Vijay Vydula to discuss how OwlSurance Technologies can help you modernize technology & provide automation & scale for speed, innovation, and #growth. #LifeInsurance #LIMRA #Insurance #OwlSurance #Limra2024

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INSURANCE GYAN BY DR KHETARPAL NHCX (National Health claim exchange) Platform, FUTURE GAME CHANGER TO ENHANCE CUSTOMER TRUST AND EXPERIENCE!! Dream of comfort, convenient and simplified claim experience going to be REAL ! NHCX, significant foot step, which will help streamline health claims processing, improve operational efficiencies, and enhance customer trust by building a cohesive technology-driven system between Hospital, Insurer/TPA and customer. With that also building robust mechanism to strengthen insurance claim quality to avoid any unusual leakages in Industry. What is the National Health Claims Exchange (NHCX)? NHCX platform is a single-window tech-enabled platform developed by the National Health Authority with support of Union Ministry of Health and Family Welfare. Kind of single universal pipeline for exchanging claims-related information among various players involved in the claim process including ‘payers’ (insurer, third-party administrator, government scheme administrator) and ‘providers’ (hospital, laboratories, polyclinics), beneficiaries and other relevant entities at one place. How will NHCX work? As name stating itself, it’s a pure claims exchange portal which will communicates between hospital, Insurer and customers, set to simplify, accelerate and standardize the claim settlement process through the seamless exchange of information and documents between hospitals and insurance companies. ‘’One-stop platform for exchanging claim-related information among different stakeholders in the healthcare ecosystem, going to empower individuals, Health services providers and insurers with greater access to healthcare data and thus will be instrumental in ensuring seamless claim experience.’’ With this introduction, most of the processes will be digitized and automated. There will be a common claim format that will be used across government or private health insurers and hospital.  The hospitals can access digitized details of the insurer policy liability / other relevant details via his Ayushman Bharat Health Account (ABHA) number. -Speed up the claim settlement process -Reduced waiting time to get discharged from the hospital -Reduce claim processing costs for each claim processed by Insurer -Frauds are also expected to reduce -Replace the onerous and manual claims operations with seamless and secure health data transfer -100% transparency to customers #insurance #healthinsurance #health #Hospitals #healthcare #insuretech #event #media #innovation #irdai #insurer #ayushmanbharat #claims #policyholders

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The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a new master circular for health insurance, which mandates insurers to decide on cashless authorization within one hour of receiving the request. This directive is designed to streamline the cashless claim process and improve the overall customer experience. Here are some key points regarding the impact and significance of this new directive: 1. Faster Processing Time:   - The requirement for insurers to decide on cashless authorizations within one hour will significantly reduce the waiting time for patients. This quick turnaround can be crucial in emergency situations where timely medical intervention is needed. 2. Enhanced Customer Satisfaction:   - By expediting the approval process, the new mandate is expected to enhance customer satisfaction. Patients and their families will experience less stress and anxiety related to the financial aspects of healthcare during critical times. 3. Operational Efficiency:   - Insurers will need to improve their operational processes to comply with this mandate. This could lead to the adoption of more efficient systems and technologies, ultimately improving overall service quality. 4. Better Healthcare Access:   - Quick cashless authorizations can improve access to healthcare services, as patients will not have to worry about upfront payments. This can be particularly beneficial for individuals with limited financial resources. 5. Compliance and Accountability:   - The directive will likely increase accountability among insurers, as they will need to adhere to the one-hour decision timeline. Non-compliance could lead to regulatory actions and impact their reputation. 6. Challenges for Insurers:   - Implementing this mandate may present challenges for insurers, especially in terms of scaling up their resources and ensuring that their systems can handle the increased demand for quick processing. 7. Impact on Healthcare Providers:   - Healthcare providers may also benefit from the streamlined process, as it can lead to quicker reimbursements and reduce administrative burdens associated with claim approvals. 8. Regulatory Oversight:   - The IRDAI's involvement in setting such directives demonstrates proactive regulatory oversight aimed at protecting consumer interests and ensuring fair practices in the insurance sector. Overall, this new mandate by the IRDAI represents a significant step towards improving the efficiency and customer-centricity of health insurance services in India. It is expected to foster a more responsive and supportive healthcare ecosystem, ultimately benefiting both patients and providers.

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🏥 The Niva Bupa Health Insurance IPO is now live, but GCL Broking’s recommendation is a cautious Avoid ❌ due to financial concerns and a high valuation. Here’s what investors need to know before considering this IPO. About Niva Bupa Health Insurance: Niva Bupa is a well-known player in the health insurance space, providing comprehensive coverage solutions across India. However, despite its reputation, the company’s financial track record and pricing raise some critical concerns for investors. Follow GCL Broking for up-to-date guidance on IPOs and insights into the latest market trends. 📞𝘾𝙖𝙡𝙡 𝙪𝙨 𝙖𝙩 𝟬𝟭𝟰𝟭𝟲𝟲𝟮𝟱𝟱𝟬𝟬 or visit our website https://gclbroking.com #nivabupahealthinsurance #nivabupa #nivabupahealthinsuranceipo #GCLView #gclbroking #InvestmentOpportunity #StockMarket #InvestmentAdvice #InvestmentAlert #finance #StockMarketNews #IPO #IPOAlert #iponews #ipoupdate #ShareMarket #Stocks #stockmarketindia #stockmarkettoday #stockmarketinvesting #sharemarkettoday #sharemarketnews #invest #Investing #investments #stockmarketsuccess #InvestSmart #investwisely #stocktrading #upcomingipo

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#WorryLaal: Bro! I’m going to save so much on my insurance premium now! #PennyRam: Save on premium? What new hack have you discovered? #WorryLaal: Bro, have you heard about the new health insurance from Narayana Health? It’s called 'ADITI,'. It just costs Rs 10,000 annually for a sum assured of Rs 1 crore! You can't get a better deal! #PennyRam: Hold your horses bro! There’s more to it than just the price. That Rs 1 crore sum assured is ONLY for surgeries. For regular medical treatments, the coverage is just Rs 5 lakhs. #WorryLaal: Oh, really? But still, Rs 10,000 seems super cheap. #PennyRam: Sure, but don’t get too excited yet. The 'ADITI' plan is just the basic entry-level plan. For example, it only covers stays in general wards, not semi-private or private rooms. And it’s only available in four districts of Karnataka: Mysore, Mandya, Chamraj Nagar, and Haasan, as part of a pilot project. #WorryLaal: Hmm, so what if I need treatment outside these areas? #PennyRam: If it’s an emergency, you can get coverage at a limited network of hospitals outside the Narayana Health Network. If you’re admitted to a Narayana Hospital, the claim settlement will be hassle-free within their network. #WorryLaal: I see. So it has its limits. But isn't it still a good deal for Rs 10,000? #PennyRam: It sure makes insurance affordable for the masses. So yes, a great initiative. Can be, but remember, this is just the basic plan. Narayana Health might launch more comprehensive plans later, and those will probably cost more. #WorryLaal: So what do you suggest? #PennyRam: Only less premium can’t be the decisive factor for choosing insurance. Just don’t rush into everything new. Take your time to evaluate all your options. If your health insurance is up for renewal soon, don’t switch or threaten your insurer to not renew. #WorryLaal: Got it. Let me research more about it.. #PennyRam: Exactly, bro. Always make informed decisions with insurance. Understand the coverage and limitations before you commit. Socho samjho fir aage badho! #financialliteracy #healthinsurance #bePennywiseWithAkshat Pennywise™ India

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Think you know why employees leave? Discover surprising insights on optimizing Insurance benefits and lowering premiums. Watch Ms. Harshaa Modi break it down for you: https://lnkd.in/deEEpUxv #Insurancebenefits #LowPremiums #OpportuneHR Pazcare

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See how a leading payer absorbed a nearly 100% increase in membership over five years while effectively containing IT costs and improving scalability with Cognizant’s TriZetto Facets platform. Read the case study to learn how the health insurer cut claims technology costs by over 50%, reduced batch errors, and more. #Healthcare #Payers #TriZetto #Facets #CAPS Cognizant https://cogniz.at/4cvnnKy

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See how a leading payer absorbed a nearly 100% increase in membership over five years while effectively containing IT costs and improving scalability with Cognizant’s TriZetto Facets platform. Read the case study to learn how the health insurer cut claims technology costs by over 50%, reduced batch errors, and more. #Healthcare #Payers #TriZetto #Facets #CAPS Cognizant https://cogniz.at/3VLmpD4

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See how a leading payer absorbed a nearly 100% increase in membership over five years while effectively containing IT costs and improving scalability with Cognizant’s TriZetto Facets platform. Read the case study to learn how the health insurer cut claims technology costs by over 50%, reduced batch errors, and more. #Healthcare #Payers #TriZetto #Facets #CAPS Cognizant https://cogniz.at/3VHsVe7

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