Clipped from: https://www.business-standard.com/article/finance/india-s-retail-health-insurance-segment-could-be-a-25-bn-market-in-5-yrs-123012501185_1.html Avendus Capital study says low penetration coupled with rising disposable incomes, and product innovation by insurers could act as catalysts for the segment
Category: Insurance-Health-Vehicle-Life etc
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
👍No sub-limits in policy? Avg clause can’t apply | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/no-sub-limits-in-policy-avg-clause-can-t-apply-123012200765_1.html According to the National Commission, the average clause couldn’t apply since the policy didn’t have individual coverage limits for building, stock, and packaging
Make cashless health insurance settlement smooth with these steps – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/make-cashless-health-insurance-settlement-smooth-with-these-steps/article66368073.ece The process for making such claims is not that complicated. However, you need to follow a few key set of steps to make
🙏Simply put: Accidental death benefit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-accidental-death-benefit/article66307345.ece The term policy rider covers death by accident so as to safeguard the term cover payout in case of an unfortunate event. Two
🙏🙏Insurance sector needs Rs 50,000 cr capital each year to double penetration | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/insurance-sector-needs-rs-50-000-cr-capital-each-year-to-double-penetration-123012001469_1.html Irdai Chairman Debabsish Panda said the Rs 50,000 crore figure was arrived at by making assumptions on the country’s GDP, inflation, and how
*Budget 2023 wish list: Insurers seek hike in tax deduction limit | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/budget-wish-list-insurers-ask-for-increase-in-tax-deduction-limit-123011801057_1.html Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for
🙏Latest health and general insurance claim settlement ratio of companies in India
Latest health and general insurance claim settlement ratio of companies in India https://economictimes.indiatimes.com/wealth/insure/health-insurance/latest-general-and-health-insurance-claim-settlement-ratio-of-insurance-companies-in-india/articleshow/97081682.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
Insurance Company cannot refuse to process claim when all formalities was completed: SC
Clipped from: https://taxguru.in/company-law/insurance-company-refuse-process-claim-formalities-completed-sc.html Gokal Chand (D) THR. LRS. Vs Axis Bank Ltd. & Anr. (Supreme Court of India) Conclusion: The Hon’ble Supreme Court directed Insurance Company to
SC direction to honour insurance contract which met prescribed conditions
Clipped from: https://taxguru.in/corporate-law/sc-direction-honour-insurance-contract-met-prescribed-conditions.html Gokal Chand (D) Thr. Lrs. Vs Axis Bank Ltd. (Supreme Court of India) Whether an insurance company even after receiving the insurance premium,
Healthcare solutions in small packages – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/pulse/healthcare-solutions-in-small-packages/article66288439.ece Sachetisation of healthcare has far-fetched benefits when it comes to easy consumption and accessibility for masses The impact of Covid-19 in India, and
Insurer liable to reimburse genuine cash payments | Business Standard Column***
Clipped from: https://www.business-standard.com/article/opinion/insurer-liable-to-reimburse-genuine-cash-payments-122122500672_1.html All payments were supported by TDS and GST. Hence, the National Commission concluded that the insurer would have to reimburse these legitimate cash
Critical coverage: How to protect yourself from big cancer bills | Deccan Herald
Clipped from: https://www.deccanherald.com/business/critical-coverage-how-to-protect-yourself-from-big-cancer-bills-1159916.html Considering the given scenario, it is important that first people get themselves covered under basic or comprehensive health insurance plan Representative image. Credit:
Insurance Query: Can the initial premium for health cover be paid through foreign currency? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-can-the-initial-premium-for-health-cover-be-paid-through-foreign-currency/article66301289.ece You can make the premium payment either in Indian currency via online or offline modes, or in foreign currency via a SWIFT transaction
Higher claims pushed up non-life insurers’ underwriting losses: Report | Business Standard News***
Clipped from: https://www.business-standard.com/article/finance/general-health-insurers-underwriting-losses-widen-due-to-higher-claims-122122300862_1.html Life insurers paid benefits to the tune of Rs 5.02 trillion in FY22, says regulator’s annual report General and health insurers’ underwriting losses
Several insurance companies exceed limit on expenses in FY22: Irdai report | Business Standard News*
Clipped from: https://www.business-standard.com/article/finance/several-insurance-companies-exceed-limit-on-expenses-in-fy22-irdai-report-122122300884_1.html The expense of management of regulations (2016) for life insurers prescribes the allowable limits of expenses of management taking into account the type
Travel safe: Why buying insurance for your international vacation matters | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/travel-safe-why-buying-insurance-for-your-international-vacation-matters-122111801002_1.html Polices cover you against medical emergencies, flight cancellations or lost baggage If you plan to head to a foreign destination during the winter
Irdai to introduce ‘Bima Vahaks’ to expand insurance force: Rakesh Joshi | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/irdai-to-introduce-bima-vahaks-to-expand-insurance-force-rakesh-joshi-122122200419_1.html BS BFSI Insight Summit 2022: The insurance companies are also in the process of developing state-level insurance plans in collaboration with state governments,
Travel safe: Why buying insurance for your international vacation matters | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/travel-safe-why-buying-insurance-for-your-international-vacation-matters-122111801002_1.html Polices cover you against medical emergencies, flight cancellations or lost baggage If you plan to head to a foreign destination during the winter
Irdai advises firms about minimum rate rule for reinsurance treaties | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/irdai-advises-firms-about-minimum-rate-rule-for-reinsurance-treaties-122122000520_1.html Regulator’s instruction is about burning or break-even cost calculated to estimate the expected losses for a policy The industry regulator has asked non-life
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