Insurance cover for AIDS patients

[Guest guest]

Insurance cover for AIDS patients

Our Bureau. Mumbai Jan. 21 The Institute for Financial Management and

Research (IFMR) is designing an insurance policy against AIDS.

It is tying up with NGOs and micro finance institutions for access to

data that will aid in designing of health insurance products, which

have AIDS insurance as a rider.

" We will soon be starting a pilot to test these products and are

looking at creating comprehensive health insurance plans, " said Ms

Rupalee Ruchismita, Research Head and Co-ordinator, Centre for

Insurance and Risk Management, IFMR. She was speaking at a seminar

organised by the National Insurance Academy. IFMR is in talks with

life and non-life insurance companies to market these products.

Currently, AIDS insurance is not offered in India and insurers have

complained that lack of representative data has kept them from

venturing into the segment. Globally, the Government of Uganda was

the first to offer AIDS insurance to 25,000 miners. IFMR is also

working on technology solutions like RFID chips for tagging cattle

and bringing down claims ratios in livestock insurance.

The institute is also working on flood and multiple drought insurance

products.

http://www.thehindubusinessline.com/2007/01/22/stories/200701220214140

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