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
Category: Insurance
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
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
Paytm, HDFC ERGO launch insurance policy to protect mobile transactions | The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/paytm-hdfc-ergo-launch-insurance-policy-to-protect-mobile-transactions/2920026/ With this new insurance offering, users can now secure themselves against mobile fraudulent transactions up to `10,000. Bhavesh Gupta, CEO of Lending and
SaveIN: Timely care and access to quality healthcare | The Financial Express***
lipped from: https://www.financialexpress.com/industry/sme/savein-timely-care-and-access-to-quality-healthcare/2918496/ This startup offers flexible payment plans for healthcare needs We aim to enable healthcare providers to serve upto 50% more customers while making
Medical insurance: Health segment shines again as non-life industry grows in double digits | Business Standard News*
Clipped from: https://www.business-standard.com/article/finance/health-segment-shines-again-as-non-life-industry-grows-in-double-digits-122121400950_1.html Group health plans drive the 29% growth in health premiums during the first eight months of FY23 Health premiums have picked up again
IRDAI’s nudge to the insurance sector – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/opinion/irdais-nudge-to-the-insurance-sector/article66263644.ece The regulator’s measures will help the industry grow As interest rates harden across the globe, there is at least one financial sector gleeful
IRDAI’s new notification throws open wider choices for customers, corporate agents | The Financial Express***
Clipped from: https://www.financialexpress.com/money/insurance/irdais-new-notification-throws-open-wider-choices-for-customers-corporate-agents/2911898/ The measures taken by the IRDAI would help in increasing the insurance penetration in the country, as a corporate agent may represent up
HC asks Irdai to consult insurance firms about health cover for disabled | Business Standard News*****
Clipped from: https://www.business-standard.com/article/companies/hc-directs-irdai-to-consult-insurers-to-cover-persons-with-disabilities-122121301065_1.html Court asked regulator and insurance companies to submit a status report before March 17, 2023 The Delhi High Court on Tuesday asked India’s insurance regulator to
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