How to avoid getting your travel insurance claim rejected
Thu, Dec 05, 2019     Source : Financial Express
Even with a travel insurance policy, your claims can be rejected based on a number of cases. Hence, policyholders should make necessary disclosures with the documentation, while opting for an insurance pol...
IRDAI offers a cash prize for naming new health cover product
Wed, Dec 04, 2019     Source : Business Line
The Insurance Regulatory and Development Authority of India (IRDAI) is offering Rs 10,000 cash prize for suggesting a suitable name for a new health plan.
LIC waives off charges on credit card payments
Wed, Dec 04, 2019     Source : Economic Times
LIC has said that any credit card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or conven...
Ayushman Bharat: Hundreds of hospitals, service centres suspended for using bogus documents, fake IDs
Wed, Dec 04, 2019     Source : Financial Express
In one of the biggest crackdowns, more than 3,700 common service centres and Pradhan Mantri Arogya Mitra IDs have been de-activated in 21 states.
Max India sells its stake in Max Bupa but policyholders needn't worry
Wed, Dec 04, 2019     Source : Mint
Max India Limited has informed stock exchanges that the regulator - Insurance Regulatory and Development Authority of India (IRDAI) – has given the green light to the company to sell its entire stake in Ma...
How IRDAI protects policyholders from crises at insurance companies
Tue, Dec 03, 2019     Source : Economic Times
Insurers are required to follow certain investment norms, like they cannot invest in debt securities with a rating below AAA.
It’s not possible to make dual insurance claim under indemnity-based policie
Mon, Dec 02, 2019     Source : Mint
I have a health plan with a sum insured of ?10 lakh. A year back, I also invested in a hospital cash policy which promised to pay ?2,000 per day of hospitalization. I was hospitalized for five days where t...
Life insurers explore financial reinsurance to raise capital
Sat, Nov 30, 2019     Source : Economic Times
A study by Actuarial firm Milliman showed that 35 per cent of the 17 companies in survey are looking to raise capital from reinsurers.
Embedded value: Can an insurance company go bankrupt?
Fri, Nov 29, 2019     Source : Financial Express
Following the PMC Bank scam, policyholders are also worried about their investments in insurance companies. However, the Insurance Act provides several safeguards for policyholders
The opportunity cost of state health insurance schemes
Thu, Nov 28, 2019     Source : Mint
Large-scale government-sponsored health insurance schemes (GSHIs) such as Ayushman Bharat are often heralded as the best way to address public health issues.
New group insurance norms set to promote fair practices
Thu, Nov 28, 2019     Source : Economic Times
The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses.
Irdai proposes to make calculation of motor cover simpler, more transparent
Thu, Nov 28, 2019     Source : Business Standard
Customers will not have to buy add-ons like invoice cover in the new regime
Policyholders likely to gain as Irdai proposes changes to motor policy
Wed, Nov 27, 2019     Source : Business Standard
For partial loss claims, age-wise depreciation has been recommended, wherein if the vehicle is less than a year old, the depreciation will be 10 per cent
Consumers don’t see value because of the long list of exclusions: Mayank Bathwal
Tue, Nov 26, 2019     Source : Mint
Aditya Birla Health Insurance chief executive officer Mayank Bathwal, who joined the Aditya Birla Group in 1994, was instrumental in setting up the health insurance arm in August 2015.
LIC to introduce revised proposal forms from December 1; Know what is new
Tue, Nov 26, 2019     Source : Financial Express
LIC of India will not only relaunch its insurance plans from December 1, 2019 after incorporating the provisions of new guidelines issued by IRDAI, but will also revise its proposal forms.
Do you think the government will be able to prevent the Rupee from falling further?
Sep 12 , 2018

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