A midst the ever-shifting terrain of insurance underwriting, India is witnessing a transformative evolution, particularly in the sphere of health and wellness. Departing from traditional methods reliant on age, gender, and medical history, insurers are embracing innovative approaches that intertwine wellness with underwriting. This shift towards wellness-linked underwriting not only assesses an individual's current health status but also incentivizes and fosters healthier lifestyles. Companies are experimenting with "Health Scores," akin to "CIBIL" scores for credit health. The groundwork for this has been laid through initiatives like "ABHA" - Health ID, under the Ayushman Bharat Digital Mission [ABDM], by the government. This shift towards wellness-linked underwriting promises numerous benefits for both insurers and policyholders, extending beyond risk mitigation.
Advantages of Wellness-Linked Underwriting
هذه القصة مأخوذة من طبعة May 2024 من THE INSURANCE TIMES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 2024 من THE INSURANCE TIMES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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About Dr Anil Subba Rao Paila
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I notice that the world has significantly changed over the last five years due to black swan events (like Covid-19), geopolitical upheavals affecting supply chains (like situation in Middle east and Eastern Europe) and tech advances (like Al, robotics) have reshaped the risk landscape. Risk professionals must now adapt faster than ever to navigate these disruptions to ensure business resilience.
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Life Insurance News
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said.
