Category: Insurance
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
Young buyers dropping health cover risk savings, debt, investment setbacks
Clipped from: https://www.business-standard.com/finance/personal-finance/young-buyers-dropping-health-cover-risk-savings-debt-investment-setbacks-126042600438_1.html Combine base policy with super top-up, opt for policy with favourable bonus norms to manage premium cost A recent survey by Niva Bupa
The Claims Ratio Truth: How to Identify the Best Health Insurance in India Based on Settlement Data
Clipped from: https://www.taxscan.in/news-updates/the-claims-ratio-truth-how-to-identify-the-best-health-insurance-in-india-based-on-settlement-data-1444116 X If you want the health insurance in india, look beyond premiums and promises. Settlement data helps you judge how an insurer performs when
*Renewing motor policy: When less can be more – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/renewing-motor-policy-when-less-can-be-more/article70497395.ece Logically, the renewal premium should be lower since the sum insured reduces each year, yet it remains unchanged, or is even higher and
*Insurance industry claims rise in FY25 on higher life, general payouts | Insurance News – Business Standard
Clipped from: https://www.business-standard.com/finance/insurance/insurance-industry-claims-rise-in-fy25-on-higher-life-general-payouts-126010200759_1.html Claims paid by the insurance industry increased in FY25, led by a rise in life insurance death claims and higher net incurred claims
Life insurance fraud: subverting a noble intent – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/life-insurance-fraud-subverting-a-noble-intent/article70445825.ece Fraud pushes up premiums over time as insurers price in this risk. Compliance requirements increase as companies and regulators tighten requirements to prevent
Irdai imposes ₹1 cr penalty on Reliance General Insurance for norm breaches | Insurance News – Business Standard
Clipped from: https://www.business-standard.com/finance/insurance/irdai-imposes-rs-1-crore-penalty-on-reliance-general-insurance-125122600952_1.html Regulator said the insurer made payouts to entities and an individual agent in violation of norms, and asked it to place the order
Health insurance companies are quietly bringing back claims-based loading
Clipped from: https://www.business-standard.com/finance/personal-finance/health-insurance-companies-are-quietly-bringing-back-claims-based-loading-125121801142_1.html The move is taking the form of a reduction in discount on next year’s premium once a policyholder has made a claim A
Insurance Query: Flight Disruption – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-flight-disruption/article70388964.ece What if flights are disrupted due to bad weather or instances such as the recent IndiGo fiasco Q. I’m planning a 10-day trip
*****Insurance company or broker may need to pay penalty, compensation for mental harassment to policy holder – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/insurance-company-or-broker-may-need-to-pay-penalty-compensation-for-mental-harassment-to-policy-holder/article70326293.ece The insurance ombudsman will register every complaint within one working day These are some changes being proposed in the draft for Insurance Ombudsman
No GST on insurance a loss for policyholders? What the math shows | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/no-gst-on-insurance-a-loss-for-policyholders-what-the-math-shows-125091700975_1.html Policyholders will pay no GST on health and life premiums from September 22, but insurers lose the ability to claim tax credit on
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