Antony jacob, CEO Apollo Munich Health Insurance Interview on NDTV

Antony Jacob interview on NDTV on how to increase number of insured people in India...????

Antony Jacob, CEO—Apollo Munich, announced that there is 75% of people paying out medical treatment expenses from their pockets, which is perhaps the maximum in the world. As per him, every health insurance company faces the same issue that people in India are unaware of health insurance and the foremost reason is that health insurance is a unprofitable sector and the number of insured people are those who have either faced urgent needs of health insurance themselves or their family member. So, these are the individuals who are purchasing health insurance but it has resulted in high frequency and high cost. Thus, it is becoming unprofitable for health insurance.

As per Antony Jacob, the number of insured people should be a mix of both, healthy and unhealthy people to make it bigger and broader. Thus, there is much improvement to be made in this field.

Apollo Munich has entered into health insurance as a pure health insurance company and he believes that all associated bodies should play an active role in spreading awareness. Regulation should invite more players to focus on this sector, so that they can work morning and evening to encourage people to buy health insurance. It will help to design products, as per the needs of customers, thus contributing towards insurance sector. So, there is a significant role for the regulator to play in terms of formulating rules and regulation, entries and barriers for health insurance. It is to ensure that right players enter the market. Similarly, there is a role for Government to play to spread health awareness and healthcare costs so that people understand that financing through insurance is absolutely a necessity.

Mr. Antony Jacob further said that Apollo Munich has a big role to play in terms of adverting, product innovation and service offerings. Likewise, a big role is to be played by health care providers in terms of standardization of rates and processes. It is the matter of increasing 150 million, pupation to 400 million. There are many government programmes, such as RSBY and they are doing a great job. Private sector has encouraged new entries like Apollo Munich as standalone licensed player.

Antony Jacob, CEO, Apollo Munich Health Insurance Company Ltd.

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[VAIDAPOLLOMUNICH]

NICE INTERVIEW & ALSO A GOOD MASSAGE FOR GOVT, AND AS L  AS FOR THE SAME SECTOR PLAYERS

[mehaksharma1010]

Interesting interview... a lot of things about the insurance sector that I did not know about came forth in fact the fact that the government and companies are actually making such efforts is good to know. Thanks for sharing it. And yes good job from Antony Jacob for helping spread the same. I also like the Apollo Munich ads that play and have been looking for their jingle

[mehaksharma1010]

Good initiative by Antony Jacob I must say it is nice to see that people are actually taking pains to spread such awareness the CEO of a company doing so is particularly very interesting. Apollo Munich ads are very nice keep watching them on tv good job

[anumehta007]

Antony Jacob, in his interview on NDTV has thrown light on the imprtance of health isnuracne and the role to be played by Governement, medical provider and all others to encourage people to buy health insurance.