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CORONAVIRUS CLAIMS
US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome PowellKevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are ...
North Korea again claims no coronavirus infections
Insurers could face billions of dollars in fresh Covid-19 claimsAs per data compiled by the General Insurance Council (GIC) and seen by ET, the insurance industry has registered 10.07 lakh (1 million) co...
Covid survivors, if unfit after 3 months, may not get life insurance coverLakhs of people, who survived Covid-19, are expected to deal with long-term medical issues like heart, kidney and lung damage, especially t...
Insurers can act against hospitals saying no to cashless coronavirus treatment: IRDAIThe regulator has also asked insurance companies to set up an exclusive grievance redressal system to solve the challenges faced by policyh...
Motor claims rise as India hits the road againInsurers have attributed the trend to an increase in road traffic and reopening of garages that were shuttered earlier.
LIC policyholders can submit maturity claim documents online till June 30, 2020The policyholders can send the maturity claims and survival benefit requirements by email. The mail should be sent to the servicing branch....
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.
How to choose health insurance in times of coronavirus pandemicTimes may seem bleak, but this too shall pass, and when it does, we will need to get ready for life to return to normalcy. Part of this nor...
Health insurers must decide coronavirus treatment requests within 2 hours: IRDAIThe Insurance Regulatory and Development Authority of India (IRDAI) has issued norms for general and health insurers for quick settlement o...
Just 2% of Covid-19 patients have filed insurance claimsPrivate hospitals’ networks like Private Hospitals & Nursing Homes Association (PHANA), said that no uniform treatment protocol has been ag...
EPFO settles 1.37 lakh PF withdrawal claims worth around Rs 280 cr to ease lockdown woesThe system as it stands today is processing all applications which are fully KYC (know your customer) compliant within less than 72 hours.
Insurers get big claims, say private hospitals overchargingAt present, the billing variation in case of Covid-19 patients ranges from Rs 80,000 to Rs 6.70 lakh on an average length of stay of five d...
Force majeure clause won't apply to coronavirus death claims in life insurance policiesThe Council also confirmed that the clause of ‘Force Majeure’ will not apply in case of COVID-19 death claims. This step was taken to reass...
Insurers question high cost of Covid-19 treatment in private hospitalsWith private hospitals now offering coronavirus treatment, health insurance claims ranging from Rs 90,000 to Rs 6.5 lakh are trickling in. ...
Unproven anti-coronavirus claims under Ad body’s lensVarious product categories such as mattresses, disinfectants, sanitzers and foods have begun making unscientific claims in their advertisin...
Coronavirus claims world's biggest capacity car plantHyundai is not the only corporate casualty: Kia will suspend three plants for a day on Monday, the South Korean unit of French automaker Re...