Insurance cover for AIDS patients

Institute for Financial Management and Research (IFMR) is designing an insurance policy against AIDS.
It is tying up with NGOs and micro finance institutions for access to data that will aid in designing of health insurance products, which have AIDS insurance as a rider.
"We will soon be starting a pilot to test these products and are looking at creating comprehensive health insurance plans," said Ms Rupalee Ruchismita, Research Head and Co-ordinator, Centre for Insurance and Risk Management, IFMR. She was speaking at a seminar organised by the National Insurance Academy. IFMR is in talks with life and non-life insurance companies to market these products.
Currently, AIDS insurance is not offered in India and insurers have complained that lack of representative data has kept them from venturing into the segment. Globally, the Government of Uganda was the first to offer AIDS insurance to 25,000 miners. IFMR is also working on technology solutions like RFID chips for tagging cattle and bringing down claims ratios in livestock insurance.
The institute is also working on flood and multiple drought insurance products.
source:Business Line