Insurance in India covers both public and private sector organisations.
[3] When Oriental Life Insurance Company[4] was started by Anita Bhavsar in Kolkata to cater to the needs of European community.
However, only 500 million people (36.23% of the total population of 1 billion) are covered under Mediclaim.
ECGC, ESIC and AIC provide insurance services for niche markets.
In the UK, for example, the corporate cover of employees, when added to the individual purchase of coverage gives approximately 11–12% of the population on cover[7] due largely to usage of the state financed National Health Service (NHS), whereas in developed nations with a more limited state system, like USA, about 92%[8] of the total population are covered under same insurance scheme.