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HEALTH INSURANCE CLAIM SETTLEMENT RATIO
Rs 5 lakh health insurance claim denied by insurer over waiting period for pancreatitis; here's why the policyholder's wife wonA health insurer cannot automatically reject claims using waiting-period clauses. The Mumbai Consumer Commission ruled that insurers must p...- Whose bill is it when the fire spares the house but poisons the air? California just made that callCalifornia wildfire survivors gain new protections with the Smoke Damage Recovery Act. This legislation establishes the nation's first scie...
- Global Market: China insurer recapitalisation may ease capital constraints and support stock investmentsChina’s planned $53.6 billion recapitalisation of state-owned insurers and banks could ease solvency pressures and strengthen insurers’ cap...
- Should homemakers buy a term plan? Here’s why their unpaid work has real financial valueThe contributions of homemakers to household management have substantial economic significance that is now being acknowledged by life insur...
- ₹1 crore health insurance for each of 18 family members at just ₹7,000 a year: Marwadi grandfather’s secret strategy to handle medical emergency goes viralMarwadi grandfather pays ₹7,000 a year to insure 18 family members for ₹1 crore: A wealth advisor’s viral X post highlights how a Marwadi g...
- NSE IPO set to deliver massive gains of Rs 7,200 crore to state-run insurance firmsGeneral Insurance Corp, National Insurance, New India, Oriental Insurance and United India were among the earliest investors in the exchang...
- Public Insurance Registry: From tracking policies to improving claim processing, how PIR could benefit policyholdersIndia's Insurance Regulatory and Development Authority of India (IRDAI) has introduced a groundbreaking Public Insurance Registry aimed at ...
- Insurer can't reject claim if alcohol habit disclosed before policy purchase: Consumer commissionA consumer commission ordered Edelweiss Tokio Life Insurance to pay over fifty lakh rupees. The company rejected a widow's claim despite di...
- Nepal floods could cost insurers over $130 million even before death, injury claimsNepal’s devastating floods could trigger more than 20 billion Nepali rupees ($132.3 million) in commercial insurance losses, with hydropowe...
- Should young professionals buy health insurance beyond their employer cover?Employer health insurance offers peace of mind, but what happens when you change jobs? This article explores the benefits of securing your ...
- Insurers plan floor for fire cover to avoid large burnsNon-life insurers are considering a minimum rate for fire insurance's natural catastrophe component. This move follows concerns about steep...
- IIM-A graduate with Rs 55 lakh salary settles divorce for Rs 10 lakh: What happened behind the scenes?A social media post has described how an IIM-A graduate reportedly sacrificed his Rs 55 lakh salary for a Rs 32 lakh job closer to home in ...
- Finance Ministry asks state-owned general insurers to focus on profitable lines of businessPublic sector insurers must focus on profitable business lines and lower incurred claim ratios. Greater technology use and digitalisation a...
- Won't chase top-line growth at any cost: SBI General CEO on fire insurance pricing warSBI General Insurance will not chase fire insurance business at unsustainable prices. The company aims to improve profitability and maintai...
- Huge growth opportunity as rising incomes, longevity fuel insurance demand: LIC CEOIndia's insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix ...
- IRDAI pitches public insurance registry to reshape industryIndia's insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, i...
- Insurer rejects motor insurance claim citing invalid driving licence; policyholder fights back and wins Rs 3.5 lakh in consumer commissionA motor insurance claim was rejected by HDFC General Insurance over driver's license concerns. The West Bengal Consumer Commission found in...
- Health insurance during pregnancy: When unrelated illnesses can lead to claim rejectionWithout maternity cover, pregnancy-related complications aren’t covered, but disputes can arise over whether the exclusion extends to unrel...
- Meta shares hit 5% intraday high after $16.68 billion settlement over alleged harm to young usersMeta shares hit a 4.96% intraday high after the company agreed to pay up to $16.68 billion to settle claims that Facebook and Instagram har...
- Kroger savings club settlement: You may be eligible for payment in $17 million class-action settlement over pricing claims; check eligibility, deadline, payout and moreKroger customers may receive a share of a proposed $17 million class-action settlement. This settlement addresses allegations of overchargi...
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