Health Insurance in India
The Evolution of Health Insurance in India
by Rajdeep Singh*, Dr. Surender Pratap Singh Kothari,
- Published in Journal of Advances and Scholarly Researches in Allied Education, E-ISSN: 2230-7540
Volume 7, Issue No. 13, Jan 2014, Pages 0 - 0 (0)
Published by: Ignited Minds Journals
ABSTRACT
Social security for medical emergencies is not new to the Indian ethos. It is a common practice for villagers to take a ‘piruvu’ (a collection) to support a house- hold with a sick patient. However, health insurance, as we know it today, was introduced only in 1912 when the first Insurance Act was passed (Devadasan 2004). The current version of the Insurance Act was introduced in 1938. Since then there was little change till 1972 when the insurance industry was nationalized and 107 private insurance companies were brought under the umbrella of the General Insurance Corporation (GIC).
KEYWORD
health insurance, India, social security, medical emergencies, villagers, piruvu, Insurance Act, insurance industry, nationalized, General Insurance Corporation
