Center exploring one-stop health sector regulator
- The Central government is exploring setting up a health sector regulator that will bring private and government health insurance schemes under its purview
Objective
- Penetration of private insurance is increasing at a fast rate and along with government-run insurance, India should soon be covering 70% of the population”.
- Doctors’ bodies have urged that private and government insurance be brought under a single regulator.
‘Insurance for All by 2047’
- Under the IRDAI Vision 2047, the government aims to provide ‘Insurance for All by 2047’.
- Every citizen has appropriate life, health, and property insurance coverage and every enterprise is supported by appropriate insurance solutions.
- There is demand to have an independent agency that can restructure these schemes including fixing reimbursement rates for various medical procedures on a scientific basis.
- Without this, most hospitals are not coming forward to empanel under these schemes, depriving extending tertiary care to beneficiaries.
Bima Trinity
- Bima Sugam
- It is a unified platform that combines insurers and distributors.
- It simplifies policy purchases, service requests, and claims settlement for customers in one convenient portal.
- Bima Vistar
- It is a comprehensive bundled policy that covers life, health, property, and accidents.
- It provides defined benefits for each risk category, ensuring quick claim payouts without surveyors.
- Bima Vahaks
- It is a women-centric workforce operating at the Gram Sabha level.
- They will educate and convince women about the benefits of comprehensive insurance, particularly Bima Vistar.
- By addressing concerns and emphasizing advantages, Bima Vaahaks empower women and enhance their financial security.
Prelims Takeaway
- Bima Trinity
- ‘Insurance for All by 2047’