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SHREERAJ DESHPANDE
Covid-19 impact: Life, medical insurance set to become dearerWhile term insurance products may become as much as 30% dearer, medical insurance premiums may rise by 20-25%. Insurers’ pricing calls will...
IRDAI issues guidelines to expedite settlement of Amphan-related claimsFurthermore, insurers have also been asked to advise customers to use online modes for intimating claims.
Future Generali will offer coronavirus group insurance cover"The policy will provide a lump-sum benefit in case the insured is diagnosed or quarantined for a suspected sign, symptoms or infection of ...
Medical insurance covers see 42% growth in FebFuture Generali India Insurance, COO, Shreeraj Deshpande said, “On retail heath premium underwritten, we have seen about 24% growth in Febr...
Insurer can't reject your claim if you meet this criteriaNew guidelines for health insurance plans issued by IRDAI favour policyholders but premiums could rise.
How an employee can migrate from group to individual health insurance policyIndividual members covered under any group health insurance policy shall have the right to migrate from such a group policy to an individua...
‘Modicare’ to offer insurers limited businessAccording to insurers, their experiences in managing large schemes like the Rashtriya Swasthya Bima Yojana can make a huge difference to th...
New India Insurance raises mediclaim premium by up to 20%According to the new rates, a 35-year old can buy mediclaim policy of Rs 8 lakh sum assured for Rs 10,032 in metro areas, compared to Rs 8,...
How to ensure that your parents are insured rightRising healthcare inflation has made higher insurance covers, particularly for senior citizens, a necessity.
Opting for restricted hospital network can lower premium by 5-20%Companies have been complaining about the rising cost of health insurance. Earlier, group mediclaim was offered at huge discounts of up to ...
- Some insurance companies include ayurveda under their cover
Policyholders can now breathe easy as some insurance companies have started including ayurveda under their cover.
- Co-payment may suit both insurer and you
If you are a healthy person, it makes sense to opt for a co-payment policy as your premium outgo would be much less.
Job-hopping not to affect mediclaimPeople retiring can also continue to avail the facilities of group health policies.
- Insurance cos suffer as health claims shoot up
Health is not creating wealth for insurance companies as claims bleed away premiums even though sales have been growing by more than a thir...
- Relaxed reserves norms to add to health insurers' bottomline
IRDA has relaxed norms for companies doing health insurance business by reducing their reserve requirements.
- One health insurance policy to fit all
Non-life insurers will, in the near future, develop a standardised mediclaim policy to facilitate portability in health insurance.
- Insurers pull the plug on group health policies
Employees of corporates find themselves without health cover, with insurance cos serving cancellation notices to group mediclaim policyhold...