By Davinder Singh There are two types of health insurance covers: indemnity and defined benefit plans. In an indemnity plan, you can claim reimbursement of actual expenses incurred
Category: Insurance
Latest Court Decisions are from some of the High Courts and from Supreme Court of India
From cheque bounce to medical trademark, here’re the key court orders | Business Standard Column
Warring public entities sent to new forum Commercial litigation among central public sector enterprises (CPSEs) and various government departments/organisations see no end. This was evident last week
Surveyors oppose hike in limit for self-assessment–Deccan Chronicle
The association of independent surveyors is opposing the increase in the proposed limits for self-assessment of damage by the insurance regulator and wants these limits
Irdai issues draft norms on wellness services in health insurance products | Business Standard News
The Insurance Regulatory and Development Authority of India (Irdai) on Thursday issued draft guidelines on the wellness and preventive features in health insurance products to
Reliance to transfer health portfolio to General Insurance firm after IRDAI dictat–Business Today
Till November 15, Reliance Health has been barred from using its assets for any payment, except claim settlement Reliance Health Insurance (RHI), a part of
Health Insurance: 31 insurers, 26 TPAs seek to fix rates for surgical procedures–Economic Times
In a bid to rationalise settlement of health claims, 31 general insurers and 26 third-party administrators (TPAs) have come together to fix rack rates for common surgical
The case for better health statistics–Economic Times
Official reports must leverage technology The 2019 National Health Profile, which should provide a snapshot of the country’s performance in terms of key outcome indicators,
Bringing Indian healthcare up to global standards: Suneeta Reddy tells how much investment is needed – The Financial Express
While Narendra Modi government introduced schemes like Ayushman Bharat to make healthcare accessible for all, India still needs to make massive investments in ramping up capacities to bring
For a private market in deposit insurance – The Hindu BusinessLine
Depositors’ claims can be settled faster if the DICGC acted only as a re-insurer and private/public sector players offer protection It is nearly four weeks
Abhijit Banerjee: Nobel Laureate Abhijit Banerjee gives big thumbs up to Modicare–Economic Times
Banerjee, who met PM Modi earlier today, steered clear of controversial questions from the press on the state of Indian economy. Abhijit Banerjee, the winner
Don’t forget to get an insurance policy for your second-hand vehicle – The Hindu BusinessLine
Buying a new policy makes more sense than getting it transferred from the first owner It is common for insurance companies to come across cases
Health Insurance: Monthly premium for health insurance now allowed: Can you claim after paying for 2 months?–Economic Times
If you are an existing policyholder and want to change the mode of premium payment, you can do that. You will now get the option
Certain illnesses in 1st 3 months of health insurance policy to be treated as pre-existing disease – The Economic Times
IRDAI has modified the definition of pre-existing diseases, to include any disease diagnosed within three months of purchasing a health insurance policy. This change was included in the guidelines
Insurance companies can no longer exclude many illnesses – The Economic Times
In a move that will benefit lakhs of policyholders, insurance companies have been barred from excluding illness associated with hazardous work activity, artificial life maintenance, treatment of
Slow but steady start | Business Standard Editorials
It has now been a year since the ambitious health care scheme known as the Pradhan Mantri Jan Arogya Yojana (PMJAY) was launched. In that period, it
In one year, PM-JAY has created a framework for comprehensive universal healthcare | The Indian Express
Nine year-old Shiv, suffering from a leaky heart valve, sobbed as his despondent father took him back home after being told by the doctor in
Health Insurance: How a smoker can buy health insurance–Economic Times
By C.S. Sudheer One of the biggest myths in personal finance is that smokers can’t get health insurance. Contrary to popular belief, health insurance companies do offer coverage to
Five easy ways to complain against an insurance company – The Economic Times
Send a written complaint, with supporting documents, to the insurer’s grievance redressal officer, and get an acknowledgement. If you feel that there was a lapse or negligence
LIC: Next on the agenda: Mega state-run general insurer like LIC
The public-sector insurers’ losses shrank to Rs 12,603 crore in FY18 from Rs 16,012 crore in FY17. India is looking to establish a single, mega
Large not the reform insurance needs
Large not the reform insurance needs The government reportedly proposes to merge all state sector general insurance companies into one large entity. Curtailing competition in
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