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INSURANCE NEWS
Soon you may buy ‘Mediclaim’ health insurance plans from life insurance companies
Fri, Feb 28, 2020     Source : Financial Express
The Mediclaim or individual health insurance plan including Family Floater plan is an indemnity plan while a critical illness or a cancer insurance plan is a benefit-based insurance plan.
INSURANCE NEWS
To avoid last-minute surprises, be mindful of room rent limit in health insurance
Thu, Feb 27, 2020     Source : Mint
Before buying a health insurance policy, make sure that you understand how the room rent limit works as it may reduce your claim substantially.
INSURANCE NEWS
Life insurance firms may again sell health plans for hospitalisation
Thu, Feb 27, 2020     Source : Mint
Until now life insurance companies were allowed to sell only benefit-based health plans.
INSURANCE NEWS
LIC agents earn Rs 14,220 cr in Apr-Dec 2019, twice as much as MF sellers
Thu, Feb 27, 2020     Source : Business Standard
Commissions paid by LIC on first-year premiums grew at a sharp pace of 46% YoY in December quarter
INSURANCE NEWS
Proposed LIC IPO to benefit insurance industry: Fitch
Thu, Feb 27, 2020     Source : Economic Times
Fitch said it expects that the initial public offering (IPO), once executed, may also encourage some of the other private sector insurance companies to list some of their shares in the stock market over th...
INSURANCE NEWS
Rewiring insurance with tech to speed up underwriting and claims process
Wed, Feb 26, 2020     Source : Business Standard
Most of the insurance providers have mobile apps, meant to provide customers easier access to the insurer
INSURANCE NEWS
IRDAI considers allowing life insurers to offer indemnity health insurance plans
Wed, Feb 26, 2020     Source : Economic Times
Indemnity-based health plans are basically those insurance policies where the insured is reimbursed the actual expense incurred during hospitalisation up to the total sum insured under the policy.
INSURANCE NEWS
Ayushman Bharat range of services likely to be expanded in April
Tue, Feb 25, 2020     Source : Business Line
Additional service packages including basic oral health care, elderly and palliative healthcare and emergency medical services are planned to be rolled out at Ayushman Bharat-Health and Wellness Centres in...
INSURANCE NEWS
Are OPD covers worth the money?
Tue, Feb 25, 2020     Source : Business Line
It helps to compare policy premiums with and without OPD cover to see if they are cost-effective
INSURANCE NEWS
What is Arogya Sanjeevani health insurance policy?
Tue, Feb 25, 2020     Source : Economic Times
Though all companies will launch the policy, it will be called the Arogya Sanjeevani Policy followed by the name of the respective insurance companies.
INSURANCE NEWS
Add-ons may make term plans complex
Mon, Feb 24, 2020     Source : Mint
When it comes to life insurance, Mint has always vouched for term insurance plans, the simplest and cheapest covers available.
INSURANCE NEWS
Cross-checking the validity of your policy can prevent insurance fraud
Mon, Feb 24, 2020     Source : Mint
I recently bought car insurance from a friend. I have heard of insurance frauds and want to make sure I don’t buy into one. How can I check if my policy is genuine and whether my friend is an authorized ag...
INSURANCE NEWS
This LIC pension scheme that can provide Rs 10,000 a month will end March 31
Sat, Feb 22, 2020     Source : Economic Times
Pradhan Mantri Vaya Vandana Yojana pension scheme, meant for senior citizens, is available only till March 31.
INSURANCE NEWS
Axis Bank in pact with Max Financial Services, Max Life to explore partnership
Sat, Feb 22, 2020     Source : Mint
Axis Bank, and Max Financial Services Limited on Thursday signed a confidentiality and exclusivity arrangement to explore the possibility of the private sector lender entering a long-term strategic partner...
INSURANCE NEWS
Does your insurance policy cover you for Coronavirus?
Sat, Feb 22, 2020     Source : Financial Express
The new coronavirus epidemic is almost certain to become more deadly as the death toll in China alone crosses 2200 mark. However, does your insurance policy cover you for this deadly virus?
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