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Narayana health launches ‘Aditi’: A game-changer in affordable health insurance”

Narayana Health launches Aditi health insurance

Narayana Health Insurance Ltd. (NHIL), part of the Bengaluru-based Narayana Health, has launched its first insurance product, ‘Aditi’. This comprehensive coverage plan offers a sum assured of Rs 1 crore for surgeries and Rs 5 lakh for medical management within Narayana Health’s network, at an annual premium of Rs 10,000.

Launched by Dr Devi Shetty

The project was launched by the famous Indian cardiologist Dr. Devi Shetty and is designed to fill the deficit of qualified health care in India, making it accessible to the population. Narayana Health is having 21 hospitals and numerous clinics in India, of which 7 hospitals and 3 clinics are in Bengaluru.

Dr. Shetty also stressed on the need to improve the healthcare needs of working people and the poor as much as the ones with money. ”Aditi is the way to shield families from the economic shock of medical costs which aims to provide comfort at the time of crisis,” he said. Emphasising on the requirement of more surgeries, Shetty said that India needs 70 million surgeries a year, however, due to financial constraints, only 20 million surgeries are conducted.

Basics of the plan

Initially launching in Mysuru and Bengaluru, followed by Kolkata and Delhi, Aditi covers surgeries including heart, kidney, and lung transplants up to Rs 1 crore and medical treatments up to Rs 5 lakh. The plan is available for individuals aged 18 and above, with family coverage including up to 2 adults and 4 children. While coverage outside the Narayana Health Network is limited, emergency care is available at specific networks.

Viren Prasad Shetty, vice chairman of Narayana Hrudayalaya Ltd., explained that Aditi aims to redefine health insurance as a proactive healthcare tool. It eliminates hidden fees and long waiting periods, prioritizing life-saving care. In 2023-24, Narayana Health posted consolidated operating revenues of Rs 5,018.3 crore, reflecting an 11% increase. The company’s Ebitda stood at Rs 1,227.5 crore with a 24.5% margin, and the consolidated profit after tax was Rs 789.6 crore.

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