A COMPARATIVE STUDY ON TOP

FIVE HEALTH INSURANCE

SCHEMES IN INDIA
A COMPARATIVE STUDY ON TOP FIVE
HEALTH INSURANCE SCHEMES IN
INDIA
 Industry profile
 Company profile
 Significance of the study
 Objectives of study
 Scope of study
INDUSTRY PROFILE

Health is an important constituent of human resource

development. Good health is real wealth of society. It not
only increases human efficiency but also decreases private
and public expenditure on sickness and diseases. Health has
been declared as a fundamental human right. Healthcare
services help to reduce infant mortality rate, check crude
death rate, keep diseases under control and raise life
expectancy. The role and relevance of tax or social health
insurance based intervention has come to occupy central
stage in recent years in several countries that are undertaking
measures to reform health systems.
INDUSTRY PROFILE

One or a mix of these health- financing models is considered desirable to

achieve universal coverage to its population. Most of the low-and middle-
income economies till recently have relied heavily on Out-Of-Pocket
(OOP) payments of households, which are regarded as both inefficient and
iniquitous. As a consequence, OOP causes financial catastrophe and
impoverishment of vulnerable households. The underlying reasons are that
the OOP payments preclude the conditions of prepayment, risk-pooling
and cross-subsidization. A tax-based health financing mechanism, as in
UK, Cuba and Sri Lanka or a broad based social health insurance
programs as in Germany, France, Mexico, etc. is being prescribed as a key
instrument of health financing strategy for many low income countries
like India, if it were to achieve universal health coverage.
COMPANY PROFILE
About the company
 Ricchie Rich Investments Pvt Ltd Company was incorporated on 05
September 2012. They are registered under Registrar of Companies,
Chennai and are engaged in monetary inter-mediation and wealth
creation.
 Ricchie Rich Investments private limited has a strong management
team who are highly passionate and committed towards their goals.
 They have been managing assets of over 700 families with the asset
under management (AUM) of 100 crores since 2012. During this short
period, they have established trust and satisfaction with their investor.
 They are specialized in providing the best services to their clients in
Direct Equities, Futures & Options, Depository Services, Currency,
Commodities, Mutual Funds, Portfolio Management Services & many
other investment products.
COMPANY PROFILE
Founder
The MD & CEO is Mr. K. Vijaykumar has a passion for inculcating equity
culture among the great Indian middle class and doing this service fervently for
the last 2 decades. His deep understandings of equity and debt markets enable
even a common man to become prosperous and wealthy. Our director always
has a desire to not just maintain the status quo but to get bigger and better that
has helped him not only create wealth for his clients but create a solid base of
extremely satisfied clients.
Services 
 They provide demat accounts and portfolio management services for the clients.
 They are mutual fund distributors and are partnered with 20 asset management
companies.
 They offer health insurance from Aditya Birla Health Insurance.
COMPANY PROFILE
Partnered With
 Motilal Oswal Financial Services Ltd.

 Aditya Birla Capital

Mission statement
“We strive to deliver objective based financial advice to our
clients which gives them the confidence to achieve their own
passion and dreams.”
Vision statement
“To be one among the best and trusted financial advisor by
providing excellent service to achieve the financial goals and
creating wealth for our clients”
COMPANY PROFILE
Awards and achievements
 Was awarded champion award by Pramerica mutual fund for being
a part of successful NFO’s of Pramerica diversified equity fund.
 DHFL Pramerica mutual fund has presented star award for the
highest number of SIP’s in the southern region - May 2018.
 IDFC mutual fund has awarded as a caring and committed
advisory firm.
 GWP topper in June 2018 -Aditya Birla Health Insurance.
 Member of Aditya Birla Health Insurance -Included in the Zonal
Club member - 2018.
 Aditya Birla Health Insurance - Presented 3star award for
September 2018.   
SIGNIFICANCE OF THE STUDY
 
This study of health insurance schemes in India - the
opportunities it provides, the challenges it faces and the
concerns it raises. A discussion of the implications of
insurance on health sector from various perspectives and
how it will shape the character of our health care system is
also attempted.
OBJECTIVES OF THE STUDY

 The central objective of this study is to generate

evidence in relation to different models of health
insurance schemes in the country.
 To understand the position of health insurance scheme in
India.
 To understand the different schemes of health insurance
in India.
SCOPE OF THE STUDY

The study is to know

 Health insurance scenario in India

 Health insurance schemes in India

 Health insurance growth in India