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Health Insurance In India | Part 2 of History Of Health Insurance in India

Health Insurance In India | Part 2 of History Of Health Insurance in India

In India, mention of health insurance can be found in the writings of Manusmrithi, Kautilya and Yajnavalkya. They have discussed the importance and the ways in which resources were used to help people. These writings reveal resources were pooled and shared among citizens during natural calamities like famine, epidemic or a flood. We also find traces of health insurance during British Imperial rule. Some form of insurance can be traced during the early British rule in the form of carrier’s contract and marine trade loans. Health insurance in India took off under the British. In the year 1818, life insurance business was set up in India. Oriental life insurance Company was established in Calcutta under the British leadership. However, the venture did not succeed and the company closed in 1834.

 
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