Budget proposals for Health sector to benefit health insurers in terms of claim ratios and pricing, says Star Health CFO
The Budget announcements of a full exemption of basic customs duty on cancer-related drugs and the Biopharma SHAKTI scheme are expected to benefit health insurance providers in terms of claim ratios and pricing to the customers, says Nilesh Kambli, Chief Financial Officer, Star Health and Allied Insurance. In an interview with businessline, Kambli says Star Health, a market leader in the country’s retail health insurance space, sees further opportunities to grow its business in Southern, Eastern and North-Eastern regions. Excerpts:
The Budget announcements of a full exemption of basic customs duty on cancer-related drugs and the Biopharma SHAKTI scheme are expected to benefit health insurance providers in terms of claim ratios and pricing to the customers, says Nilesh Kambli, Chief Financial Officer, Star Health and Allied Insurance. In an interview with businessline, Kambli says Star Health, a market leader in the country’s retail health insurance space, sees further opportunities to grow its business in Southern, Eastern and North-Eastern regions. Excerpts:
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