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POLICYHOLDER PROTECTION COMMITTEE
The old health insurance model sees hospitalisation as an inconvenience, says Narayana Health's Viren Prasad Shetty; bets on managed care modelIt has been close to two years since Narayana Health’s wholly owned subsidiary, Narayana Health Insurance—which has adopted a ‘managed heal...- Why ‘unlimited’ or ‘100% restoration’ benefit in health insurance may not save you from a big hospital bill; here’s what policyholders should knowHealth insurance restoration benefits, often misunderstood as unlimited coverage, restore your sum insured only after it's fully exhausted ...
- Will your hospital bills fall with new IRDAI move? Know how policyholders will be impacted with the formation of this new panelPolicyholders facing rising premiums, slow claims, and opaque hospital pricing will soon see changes. IRDAI's new sub-committee aims to sim...
- Health insurance premiums can be reduced if you don’t make a claim, policy cancellations to be less costly and more: 5 rule changesHealth insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released ...
- SBI Life to take over Sahara’s insurance bizSBI Life Insurance has been instructed by the Indian Insurance Regulatory and Development Authority (Irdai) to absorb the liabilities of 20...
- SBI Life to takeover liabilities of 2 lakh policies, assets of Sahara India Life Insurance: IrdaiThe Indian regulator, Irdai, has directed SBI Life Insurance to take over the liabilities of approximately 200,000 policies alongside the a...
- Sahara India's life insurance business to be transferred to SBI LifeSBI Life shall take over the policy liabilities of around two lakh policies of Sahara India Life Insurance Co, backed by the policyholders’...
- More flexibility for insurers & productsNon-life insurers must have proper underwriting discipline and base their pricing on the assessment of risks. 'Utmost good faith' is the fo...
- Government green-lights LIC public offerThe government has cleared the decks for the IPO of state-owned Life Insurance Corp (LIC) of India, likely to be the country’s biggest such...
- IRDAI's expert committee of doctors and scientists to suggest ways to improve health insurance in India“Health Insurance in India has grown significantly in recent years and is expected to continue in the coming years,” the regulator said in ...
- IRDAI may allow companies to up savings part, reduce sum insured in policiesOne of the proposals is to make the minimum death benefit 7 times for regular-premium products and 1.25 times for single-premium products f...
- Rs 15,167 crore unclaimed money of policyholders lying with insurersLIC has Rs 10,509 crore, while the 22 private sector insurers account for the remaining Rs 4,657.45 crore.
- Irdai to hire consultant to implement RBC regimeThe decision to move to the RBC norms from the current solvency principle regime has been taken after recommendations of a panel, which gav...
- Insurers should strengthen boards to streamline corporate governance: IRDAIIRDAI is planning to streamline insurance companies' corporate governance issues, in an exercise aimed at protecting the interest of policy...
- IRDAI pushes insurers for better governance to protect policyholders' interestThe insurance regulator is planning to crack down on insurance companies' corporate governance issues, to protect the policyholders' intere...
- Clearly mention conditions, benefits of insurance products: IRDAIRDA in its revised draft regulations on consumer protection, has also said that insurance companies must place all the product information...
- Unclaimed insurance amount soars 60% on lack of awarenessTo minimise the unclaimed amount, insurers are asked to keep policyholder and beneficiary informed about updates, changes and maturity deta...
- IRDA directs insurers to pay out dues to policyholders on timeIt has directed insurers to oversee timely payouts through a Policyholder Protection Committee in order to bring better governance and tran...
- Stuck with a mis-sold insurance policy? Here’s what you can doComplaints from life insurance policyholders about unfair business practice by companies have grown by over 67% in 2012-13.
- Underwriting panel proposes hike in rates for terror coverPolicyholders may get to buy mid-term cover; cos seek add-on after Mumbai attack.
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