Why Every Indian must have one Health Insurance for Medical Emergencies.

India is the Second Most Populated Country of the World with more than 1.4 Billion Population. The Global Economic Growth will be led by Countries Like India and China in the coming time .This is because Indian Population is quite young . But do you know how many Indians are worried and concerned about having Health Insurance ? It is only 0.4 Percent of total Population which accounts to approximately 50-60 lacs people having a Health Insurance. It is less than China having 0.7 % and USA having 4.1% Population Medically insured. So , it is an alarming fact for a Country Like India which will write the great growth story of the world not having a Population adequately covered with Health Insurance Benefits .

Digital Loans in the Era of FinTech and the Challenges of Loan Recovery.

The Consumer Based Economic Segment is currently going through a very tumultuous phase. All types of Banking and Non Banking Financial Institutions are trying to bank upon the same segment. The Uber Rich Indian Population which buys rich items and pays timely is not an issue for Lenders. However, the low income group who struggles to barely meet the basic ends, Micro Lending Comes into Picture. For the low income group buying Bikes and Smart Phones is a necessity for these groups to carry out their daily work. Challenge starts when these low income group default on these Micro Loans.