Clipped from: https://economictimes.indiatimes.com/wealth/insure/life-insurance/latest-life-insurance-claim-settlement-ratio-of-companies-in-2022/articleshow/88725849.cmsSynopsis The claim settlement ratio of LIC was 98.62 per cent as at March 31, 2021 compared to 96.69 per cent as at March
Category: Insurance
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
Cyber insurance: Companies buying higher sum insured, wider covers despite big rise in premium – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/cyber-insurance-companies-buying-higher-sum-insured-wider-covers-despite-big-rise-in-premium/2399501/ Premium rates for cyber insurance has continuously been rising as the threat perception has gone up, increasing number of claims being reported, reinsurers
Ensuring the safety of insurance sector – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/ensuring-the-safety-of-insurance-sector/article38044088.ece Their close inter-relationship with banks causes opaque monopolies and risks The RBI recently proposed to reduce the ownership by banks over insurance companies
Covid insurance policies will also cover Omicron treatment costs: Irdai | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/covid-insurance-policies-will-also-cover-omicron-treatment-costs-irdai-122010301101_1.html The regulator has issued the directive to general and health insurers in view of the growing number of cases of the Omicron variant
Paytm-Insuretech deal rejected; Irdai not comfortable with investment plan | Business Standard News
lipped from: https://www.business-standard.com/article/companies/paytm-insuretech-deal-rejected-irdai-not-comfortable-with-investment-plan-122010300043_1.html Paytm’s links with Chinese investors might have halted approval by Irdai The proposed buyout of general insurance company RahejaQBE by Paytm Insuretech has not found favour
Health insurance sector to continue growing in 2022 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/health-insurance-sector-to-continue-growing-in-2022/article38094042.ece Since Covid, health insurance premiums have been the main driver of the non-life industry Since the commencement of Covid, health insurance premiums have
Insurer must pay claim in auto-cover period | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/insurer-must-pay-claim-in-auto-cover-period-122010200878_1.html Since the insured had died on January 12, 2015, well within the auto-cover period, the National Commission held the claim to be payable
Senior citizens should buy health plans with lifelong renewability option | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/senior-citizens-should-buy-health-plans-with-lifelong-renewability-option-121123100557_1.html Buy a plan with a short waiting period for pre-existing diseases and low co-pay Many insurers have imposed restrictions on the entry age
Healthtech company‘Even’ launches cashless health cover in Bengaluru – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/healthtech-companyeven-launches-a-unique-healthcare-service-scheme-in-bengaluru/article38057529.ece The subscription-based healthcare service offers unlimited doctor consultations and diagnostics to members Even, a healthtech company that partners directly with top hospitals to
Changing health insurer: Here are the things to know – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/portfolio-media/changing-health-insurer-here-are-the-things-to-know/article38036235.ece?homepage=true In this week’s podcast Keerthi Sanagasetti and Sai Prabhakar of BL Research Bureau discuss the aspects involved in Health insurance porting This week’s
Central control of health care | Business Standard Column
lipped from: https://www.business-standard.com/article/opinion/central-control-of-health-care-121122700019_1.html Decentralised decision-making works better Something new has happened in Indian health care. The state achieved the ability to apply coercive power and control every doctor-patient
Points to ponder before porting your health insurance policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/points-to-ponder-before-porting-your-health-insurance-policy/article38036789.ece t – Getty Images/iStockphoto t – Getty Images/iStockphoto× Understand that the process may not be simple and could result in higher premiums too
‘Health Insurance no longer a push product’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/health-insurance-no-longer-a-push-product/article38034319.ece Insurers say not just fear of Covid but greater awareness for health covers drive demand Health insurance is no longer a push product
Looking for affordable health insurance? Here is how to make the right choice – The Financial Express
Clipped from: https://www.financialexpress.com/money/looking-for-affordable-health-insurance-here-is-how-to-make-the-right-choice/2389082/ Start with assessing your family’s health expenditure and estimate the requirement. It should be based on your experience, your friends/family’s experience and potential
Reliance General Insurance gets IRDAI approval to test 9 products | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/reliance-general-insurance-gets-irdai-approval-to-test-9-products-121122100829_1.html Reliance General Insurance Company will soon roll out nine sandbox products to cater to the fast transforming customer requirement in the insurance sector.
Insurance: Tips for buying a home insurance policy – The Financial Express
Clipped from: https://www.financialexpress.com/money/insurance/insurance-tips-for-buying-a-home-insurance-policy/2382724/ It is best to go for a comprehensive insurance policy that covers all kinds of risks to structure, household items and the people
Health Insurance: Why you need to keep track of the waiting period in insurance plans – The Financial Express
Clipped from: https://www.financialexpress.com/money/health-insurance-why-you-need-to-keep-track-of-the-waiting-period-in-insurance-plans/2383526/ The waiting period is generally applied to pre-existing diseases by all insurers. To help policyholders better few insurers have started offering health insurance
Get policy terms changed during free look-in period | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/get-policy-terms-changed-during-free-look-in-period-121120500809_1.html The commission observed that the cheque was remitted in accordance with the terms of the policy, and it was not possible to hold
Group health insurance Vs Individual health insurance: Which one should you opt for first? – The Financial Express
Clipped from: https://www.financialexpress.com/money/group-health-insurance-vs-individual-health-insurance-which-one-should-you-opt-for-first/2383843/ If you are confused about which one to opt for between the group insurance and personal health policy while claiming reimbursements, the choice
‘Hospitals need regulator, IRDAI can take up the mantle’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/irdai-favours-regulator-for-hospitals-willing-to-regulate-if-allowed-says-a-member/article37871148.ece Member’s comments follow calls for regulating rising health premiums amid the raging pandemic Insurance regulator IRDAI wants hospitals to be regulated and is
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