Key issues In India, out-of-pocket medical expenses are high. Many patients don,t have a medical cover. Others have an inadequate amount. Even those with adequate covers may face issues like non-availability of network hospitals nearby, forcing them to pay out of pocket and seek reimbursement later.
"According to the Insurance Regulatory and Development Authority of India's (Irdai) last released annual report, reimbursement claims amounted to around ₹28,000 crore out of total registered health insurance claims of ₹70,000 crore,', says Saurabh Soni, founder and chief executive officer (CEO), Digi Sparsh.
Personal loans: Quick, but expensive Personal loans offer a quick funding solution. "Most financial institutions process personal loans even for new-to-bank customers within a few hours. Preapproved loans or those tied to salary accounts can be approved in minutes," says Adhil Shetty, chief executive officer (CEO), Bankbazaar.
This story is from the November 20, 2024 edition of Business Standard.
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This story is from the November 20, 2024 edition of Business Standard.
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