Star Health ready to launch individual dental insurance policy

Star Health Insurance Company is planning to bring an all inclusive dental insurance policy in the market soon. 

Presently, there is not a single complete insurance plan for dental treatment. Insurance companies are presently offering only limited coverage and that also for a few dental procedures under general health insurance. 

Now the consumers are becoming more aware about dental care and a need is arising about a comprehensive dental coverage. 

Star Health is formulating a comprehensive dental insurance policy that will cover complete dental health at its selected dental clinics network. The product will be launched initially in Mumbai.

State-funded health cover for all Indian citizens by 2017

The Planning Commission of India has suggested the introduction of a state-funded health insurance programme in 12th five-year Plan (2012-17) to provide health cover to all Indian citizens. The board as advised the government to formulate fiscal inducements for beneficiaries of the program and their employers to urge them to take part in the plan.

The 12th five-year Plan will explore the potential of starting a state-funded  health insurance plan for every citizen along the lines of the Rashtriya Swasthya Bima Yojana. RSBY is presently available to certain selected groups.

RSBY was started in year 2008 and is presently providing health insurance to approximately 24 million poor people in the country. 

“It’s a step in the right direction but the government needs to decide on a few things, including “the definition of healthcare, who’ll fund it, whether it will be a public-private partnership and whether it will be for families both above and below the poverty line,” said Amarnath Ananthanarayanan, CEO Bharti Axa General Insurance.

A panel official said, “Details of the plan will be formulated once the actual implementation starts, said who declined to be identified. This is just the idea now. When actual implementation happens then all these concerns will be addressed.”

A.M. Best confirms good ratings of LICI

A.M. Best Europe Rating Services Limited has affirmed bbb⁺ issuer credit rating and financial strength rating of B⁺⁺ of Life Insurance Corporation International (LICI). 

These ratings reflect LICI’s healthy profit generation record and its special niche in the market. LICI enjoys a big share of life insurance market in the Gulf among the Indian expatriates living in the region.

LICI's present and future risk-adjusted capitalization is regarded as strong, as proved during the period of financial crisis. LICI showed a healthy resilience to negative market movements during the financial crisis. The corporation has a good record of delivering profits and have a positive future.

A.M. Best Europe Rating Services is a subsidiary of A.M. Best Company. A.M. Best was established in 1899. It is a credit rating organization committed to serve the insurance industry.  Best's analysis and ratings are standard in evaluating the financial strength and trustworthiness of insuring companies.