Modicare can transform not just the lives of the poor, but also improve the behaviour of the insurance and healthcare sectors
It is not often that Indian residents want to on-board a scheme for Bharat. If the Rs 5 lakh sum insured under Modicare for 500 million Indian poor reaches its potential, middle India will clamour to be allowed entry and will be willing to pay for the scheme. What costs India an average of 2% of sum insured for individual covers is costing an average of 1.3% to the government currently, and has the potential to drop down further under Modicare.