banks to sell specialised health insurance product

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banks to market specialised health insurance products,[link widoczny dla zalogowanych]
You might be in a position to buy an extensive health plan from a specialised health insurance company out of your regular bank branch,[link widoczny dla zalogowanych], if the IRDA's bancassurance draft guidelines are implemented.
Like a customer your choice of medical health insurance goods are now wider. That could certainly not come cheap. But it's great news for standalone health insurance companies,[link widoczny dla zalogowanych], for example Max Bupa,[link widoczny dla zalogowanych], Apollo Munich and Star Health,[link widoczny dla zalogowanych], which will enjoy the IRDA's new guidelines (on insurers' tie-up with banks for distribution).
Under the existing bancassurance guidelines,[link widoczny dla zalogowanych], banks were allowed to connect with one life and something non-life company. Banks preferred partnering insurers offering multi-line (high ticket) products such as motor and fire insurance.
However they'll be in a position to tie up with one insurance company within the life,[link widoczny dla zalogowanych], non-life and specialised health insurance space. They'll,[link widoczny dla zalogowanych], however,[link widoczny dla zalogowanych], be permitted to get it done only in a specified quantity of States.
is an exciting opportunity for us and these guidelines definitely do open up the bancassurance channel for all of us,[link widoczny dla zalogowanych], said Dr Damien Marmion,[link widoczny dla zalogowanych], CEO,[link widoczny dla zalogowanych], Max Bupa Medical health insurance.
The rules have further stipulated when general insurer does not have any health product to distribute,[link widoczny dla zalogowanych], the bancassurance agent may connect with one more general insurance provider,[link widoczny dla zalogowanych], carrying on exclusively the company of medical health insurance.
Experts in the insurance industry feel that aside from opening the avenue for health insurers,[link widoczny dla zalogowanych], the guidelines will even help boost medical health insurance in the under-penetrated Indian market.
welcome any initiative that promotes access to better healthcare for the people. Today,[link widoczny dla zalogowanych], it is estimated that the gap between your total cost of healthcare incurred by Indians and also the amount covered by health insurance is really as high as $57 billion,[link widoczny dla zalogowanych], Mr Antony Jacob,[link widoczny dla zalogowanych], CEO,[link widoczny dla zalogowanych], Apollo Munich Medical health insurance.
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