New Delhi, July 2 -- India has made commendable progress in expanding healthcare access, especially for economically weaker, sections through initiatives such as Ayushman Bharat. However, a large segment remains inadequately protected-the uninsured and underinsured middle class.

Roughly 8 to 10 crore Indian households fall into this "missing middle". They are too affluent for subsidised schemes but unable to afford adequate private insurance. As healthcare costs rise steadily, this group is increasingly vulnerable to financial distress during medical emergencies.

The current retail health insurance model is structurally flawed. The typical Rs.5-10 lakh cover that most families buy appears sufficient but loses value over time as healthca...