Health Insurance Market Research Analysis & Trending Forecast with Top Key Players Analysis: Bajaj Allianz General Insurance Co. Ltd., UnitedHealth Group, AXA, Allied World, AIA, AIG
Health Insurance Market 2018 Industry report gives a brief summary of definitions, applications, types and leading key players/manufacturers of Health Insurance industry. It provides complete, professional, and extensive analysis of Health Insurance market.
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The Global Health Insurance Market is expected to grow significantly during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Developments in the Market:
• In January 2018, ICICI Lombard (General Insurance Company) has partnered with Practo Company for out-patient insurance this will be offering out-patient insurance products. The two companies collaborated to launch a healthcare app, IL Take Care; this will help the users’ book medical appointments, order medicines, view reports and manage personal health data.
With health insurance, everyone can be assured of a more secure future both in the terms of money and health. This creates health insurance policies critical for individuals, especially if they are responsible for the financial well-being of the family. There are numerous health insurance. Medical health insurance can be achieved for individuals as well as the whole family with the help of private insurer, an employer or through the Government which is known as public health insurance.
Other types of health insurance may cover more than just medical services and a person may need to purchase additional insurance plans to cover all of their needs. Those may include prescription drugs, vision, dental, travel, life and disability insurance. There are various health plans to cover preventive care e.g. doctor visits and screenings and also hospital visits, ER trips, and even prescription drugs. There are various health plans e.g. health maintenance organization (HMO), point-of-service (POS), Preferred Provider Organization (PPO) and fee for service (FFS) plans.
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• Based on type, the market is segmented into prescription drugs, vision, dental, travel, life and disability.
• On the basis of providers, the market is classified into private commercial insurers, private noncommercial insurers and government (public health insurance).
• On the basis of plans, the market is segmented into health maintenance organizations, preferred provider organizations, exclusive provider organizations, point-of-service plans, and high-deductible health plans.
Some of the major players operating in the market are
• Apollo Munich Health Insurance Company Ltd.,
• Aviva plc,
• Aetna, Inc.,
• Allianz SE,
• Star Health and Allied Insurance Co Ltd,
• Cigna Corporation,
• Bajaj Allianz General Insurance,
• Cigna TTK,
• Future Generali India Insurance Company Limited,
• Express Scripts Holding Company & More
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