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The Next Big Opportunity For India’s Health Insurance Sector
Anand Pejawar, Dy. Managing Director, SBI General Insurance Company Ltd and Shreeraj Deshpande, Head of Health Business at SBI General Insurance, in conversation with Ruhail Amin, Sr Editor, BW Businessworld explain the differentiating factors that set SBI General Insurance Company ahead of its competitors, challenges facing the health insurance sector in India and more.
Photo Credit : Shutterstock
The pandemic has impacted the health insurance sector both positively and negatively. In a positive sense, awareness of health insurance has gone up multiple times as demand for health products in the industry has grown substantially. On the negative side, the insurance company had products that had not taken into consideration the pandemic scenario when it came to the health insurance part. At the same time, as the economy slowly recovers to that of the pre-pandemic period, insurers across India and abroad will face several emerging challenges, but at the same time, they will also witness many new opportunities in the medium to long term.