Is the any revolution happened in health insurance industry in recent time ?

Yes, there have been some significant changes and developments in the health insurance industry in recent times in India. Some of these include:

  1. Rise of Digital Health Insurance: With the increased use of digital platforms and mobile applications, several insurance companies in India are now offering digital health insurance policies that can be purchased and managed entirely online.

  2. Introduction of Standardized Health Insurance Policies: In 2020, the Insurance Regulatory and Development Authority of India (IRDAI) introduced a new set of standardized health insurance policies known as Arogya Sanjeevani. This has made it easier for consumers to compare policies and select the most appropriate one for their needs.

  3. Increased Focus on Preventive Care: Several insurance companies are now offering wellness programs and preventive care services to policyholders to help them maintain good health and prevent illnesses.

  4. Expansion of Coverage: With the rising cost of healthcare in India, insurance companies are expanding their coverage options to include a wider range of medical treatments and procedures.

  5. Use of Technology for Claims Processing: Insurance companies are increasingly using technology such as artificial intelligence and machine learning to automate claims processing and improve efficiency.

Overall, these developments are aimed at making health insurance more accessible, affordable, and customer-friendly for policyholders in India.