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HEALTH INSURANCE TRENDS 2023
These 7 banking stocks have an upside potential of up to 25% in 1 year, according to analystsLet us assume FPI buying continues. That last month was not a one-off, but the start of a trend. If so, then sooner or later this money wil...- Need to encourage young adults to buy health cover, says Aditya Birla Health Insurance CEOFor those under thirty-five, acquiring health insurance is vital for managing risks and financial burdens. Despite representing a substanti...
- Life insurer rejected Rs 70 lakh death claim, but consumer commission ordered it to refund Rs 7 lakh premium despite a lapsed policy; here's whyA life insurer denied a seventy lakh death claim after a policy lapsed. The policyholder had paid seven lakh as the first year premium. The...
- Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...
- Comprehensive health insurance: Navigating childhood illnesses, vaccination support, and kidney function careHealth insurance covers childhood illnesses and their treatments effectively. Vaccination support is a key preventive care strategy for fam...
- Tata AIG rejects stolen bike's insurance claim over delayed FIR: Court says police delay can't cost a policyholder his compensation; orders insurer to pay over Rs 2 lakhTata AIG rejects stolen bike's insurance claim over delayed FIR: Tata AIG General Insurance ordered to pay over Rs 2.19 lakh by a Visakhapa...
- Employees skipping annual health check-ups face nearly threefold higher hospitalisation risk: CII-MediBuddy reportEmployees skipping annual health checkups face triple the hospitalization risk. This group also accounts for a large share of insurance cla...
- Aditya Birla Capital Q1 Results: Profit jumps 40% YoY to Rs 1,175 croreAditya Birla Capital has announced an impressive forty percent increase in profits for the first quarter. The company’s consolidated total ...
- Star Health cuts mediclaim without citing any policy clauses: Court says insurer cannot act on 'whims and fancies'; orders to pay the remaining Rs 47KStar Health Insurance has been ordered by a Guntur consumer commission to pay Rs 47,356 to a policyholder whose Covid hospitalisation claim...
- New insurance norms for hospital admission: 'Unnecessary hospitalisation' won't be allowed; doctors fear genuine mediclaims may be deniedNew insurance norms for hospital admission issued by the General Insurance Council advise that patients with uncomplicated fever be treated...
- IRDAI clears investments in private companies, eases infrastructure funding normsIRDAI has expanded insurers' investment options by permitting investments in private limited companies, infrastructure SPV debt and repo, r...
- LIC rejects claim saying past typhoid, jaundice were not disclosed: Court says the illnesses have no link to sudden heart attack that killed the policyholder; orders insurer to pay over Rs 10 lakhLIC rejects insurance claim saying policyholder hid illnesses: LIC rejected a death claim filed by a Guntur widow, arguing her husband had ...
- ProTec gets insurance licence; Irdai revamps key guidelinesProTec General Insurance will be allowed to undertake general insurance business under the applicable regulatory framework. The four regist...
- Star Health Insurance Q1 Results: Profit jumps 25% to Rs 550 croreStar Health reported a twenty-five percent net profit increase for the first quarter. Total income rose to Rs 4,471 crore from Rs 3,990 cro...
- Family floater vs separate plan: 7 reasons your parents need their own health insurance policy
- Trump administration to end Medicare Part D subsidy after 2026The Trump administration will end a Medicare Part D subsidy program after 2026. Insurers have gained enough experience to price plans accur...
- Will using E20 petrol lead to insurance claim rejection? Here’s what govt saysThe Ministry of Petroleum and Natural Gas has clarified E20 petrol use. Insurance claims cannot be rejected solely based on using E20 fuel....
- The health and wealth paradox: 1% describe overall health as poor but 82% claim they are stressed; how pursuit of wealth is affecting mental well-being, reveals studyAccording to a recent study by ManipalCigna Health Insurance, while only 1% describe their overall health as poor, as many as 82% claim the...
- Global Market: HSBC to sell Singapore insurance business to Allianz in $2.09 billion dealHSBC will sell its Singapore life and health insurance business to Allianz. This deal values the unit at S$2.7 billion and is expected to c...
- Aditya Birla Health approved insurance before treatment, then cancelled it during discharge: Family left to pay Rs 44,000 hospital bill gets relief; court orders Rs 74,000 payoutAditya Birla Health approved insurance, then cancelled it during discharge: A Delhi consumer commission has ordered Aditya Birla Health Ins...
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