BS Insurance Round Table 2018: Govt's health scheme needs realistic pricing

Actuarial pricing will make the government’s National Health Protection Scheme (NHPS) sustainable in the long run, said panellists at the Business Standard Insurance Round Table held on Thursday.

Discussions around the health insurance scheme were the major talking point at the Round Table, considering the scale and ambition of the project. Finance Minister Arun Jaitley announced the NHPS policy during his Union Budget speech of 2018-19, under which 100 million families, or 500 million individuals, would be provided a health insurance cover of Rs 500,000 for the price of Rs 1,000 to Rs 1,200 per family per year.

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