Calculating the Potential and Break-Even of Dental Insurance in India: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit By: Lakshay Aggarwal, Research Analyst II at Ken Research, India What was the Business model and service offering of Ocare? After considering the challenges for dentists/underwriters/patients, we established separate Annual Membership Plans for Dentists and Patients; associated with Health Insurance companies, ICICI Lombard and New India Assurance to underwrite the products. Our idea was to offer something to all the stakeholders to get them onboard. What were the problems that Ocare faced back in 2016 and how did company deal with it? Before venturing into segment, we primarily faced 3 problems; Lack of collection of data by dentists in the right manner, lack of financial inclusion and Fragmented Nature of Dentistry Practice. Every problem required different type of solution. For data collection purposes, we provided a hardware and software platform for dentists to record patient data and also estimated insurance premiums after discussing with vast network of standalone private dentists. How would you rate the success of Ocare during stint? Ocare was able to get more than 5,000 dentists onboard for the annual subscription plan & sold more than 100,000 policies to customers. I would say, it was very successful because demand was there. Do you think the challenges had reduced now compared to 2016? The challenges have changed as compared to 2016-17. Learning from our partnership with Insurance companies, we filed for a license as a Standalone Health Insurance company in December 2017 and got the R1 approval for the same. But, we haven’t received R2 license owing to bureaucratic procedures. Introduction of startups and innovative processes have enabled to solve the data problem but more needs to be done. What are key considerations for entering Dental Insurance space now? Bureaucratic legal frameworks of India, sound financial capabilities, right penetration through network of experienced dentists are few important things to be considered. For More Information on Feasibility of Dental Insurance in India, refer to this report: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/feasibility-of-dental-insurance-in-india/308535-93.html Contact: Ken Research Ankur Gupta Head Marketing and Communications ankur@kenresearch.com +91-9015378249 Ken ResearchArticle NameFeasibility of Dental Insurance in IndiaDescriptionFocusing specifically on dental infrastructure, analysts have identified the gaps between demand and supply leading to accessibility and affordability woes of population.Author Lakshay Aggarwal Tags: Affordability Healthcare, Age Group Customer Dental Procedures, Apollo Munich Maxima Plan, Bajaj Allianz Tax Gain Plan, Bangalore Chennai Clinics, Bharti Axa Smart Health, Business Model Clove Dental, CEO Ocare, Challenges Dental Industry, Common Oral Diseases India, Consultation Fees Clove, Coverage Dental Insurance India, Current Status Ocare, Customer Profile Clove Dental, DALYs Oral Diseases India, Delhi Dental Clinics, Dental Council of India, Dental Infrastructure, Dental Insurance India, Dental Insurance Products, Dental Statistics India, Feasibility of Dental Insurance, Financial Analysis of Clove, Funding Dental Industry, Funding Healthcare, Government Healthcare Initiatives, Healthcare Infrastructure, Healthcare Sector India, ICICI Lombard General Insurance Health Advantage Plus policy, Investments Dental Industry, LIC Health Protection Plus, License Ocare, Max Bupa Health Companion Plan, Medical Shops India, Membership Plan Ocare, Mumbai Sabka Dentist, National Health Profile, Number of Chain Clinics, Number of Dentists India, Ocare Operational, Outlook Dental Insurance India, Partnership Ocare, Preventive Treatment Pricing, Pricing Variation Dental India, Private Clinics Cost, Private Clinics Number, Private Dental Infrastructure, Public Expenditure on Health, Standalone Dental Insurance, Success Ocare, Ticket Size Customer Patient