Nearly 27.5 million couples in India suffer from infertility. And the number is likely to go up by more than 10 per cent by 2022, according to a 2015 Ernst & Young report. Sensing an opportunity, insurance companies, which have so far been shying away from offering cover for infertility treatments, are now looking to come up with retail products.
According to Vaidyanathan Ramani, Head-Product and Innovation, Policybazaar.com, while it is not too difficult to find cover for infertility treatment on the group platform, most retail health policies exclude infertility treatments. Moving forward, insurers offering maternity benefit may look at designing products for infertility.