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INSURANCE SAMADHAN
Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...
Less than 24 hours in Hospital? Know about health insurance coverage for day care treatments, surgeries, and emergency proceduresMany policyholders believe health insurance claims require a 24-hour hospital stay. However, modern policies cover numerous treatments comp...
Missed insurance claim submission deadline? Don't worry, you are still eligible for reimbursement. Here's whyA Bombay High Court ruling favored policyholders, stating insurers cannot reject claims solely for delayed document submission beyond the 9...
Health insurance policy claim checklist: Hospital documentation and other errors that can lead to claim rejectionsHospital documentation errors, like incorrect entries in discharge summaries, are leading to health insurance claim rejections. Patients ar...
Insurance ombudsman reforms: New penalties, online complaint system and appellate authorityThe Finance Ministry proposes major insurance ombudsman reforms. These changes aim to strengthen policyholder protection and improve claim ...
Rising insurance grievances push IRDAI to propose internal insurance ombudsmen—but will it stay neutral on insurer payroll?To improve how insurance complaints are handled, IRDAI has suggested each insurer have an internal ombudsman. This aims to address the high...
My wife and I have Rs 8 lakh base and Rs 7 lakh top-up health insurance cover, do I need more?My wife and I are currently covered under a floater policy with Rs 8 lakh base cover and a Rs 7 lakh top-up. Do you suggest any changes in ...
Does your life insurance policy cover death due to war, terror attacks?Life insurance policy exclusions: Many individuals do not read the life insurance policy exclusions at the time of buying. Not reading and ...
Insurers can’t hike senior citizen health insurance policy premiums by more than 10% per year without consultation: IRDAIAs part of the ongoing monitoring of insurance products offered in the Indian insurance market, IRDAI observed that there has been a steep ...
Indians may need to get over a tax headache to secure their healthGST on health insurance: Finance Minister Nirmala Sitharaman faced calls to remove GST on health and life insurance, stressing these taxes ...
IIFL Fintech Fund announces maiden exit, clocks 80% returnThe fund, backed by group companies IIFL Finance and IIFL Securities, has a corpus of Rs 210 crore invested in a portfolio of 13 companies ...
Policyholders are increasingly taking insurance companies to consumer court; comprise 27% of cases in 2022Many policyholders are taking insurance companies to the consumer courts whenever their claim is rejected. Out of 5.78 lakh pending cases i...
IIFL Fintech Fund buys 51% in supply chain platform Xtracap for Rs 25 crXtracap offers e-invoice financing that allows businesses to unlock value of their invoices in real-time, providing instant liquidity. Its ...
Mind Over Money: How martial arts & adventure on road keep this co-founder and CEO mentally fit"Shark Tank transformed Insurance Samadhan, resulting in an impressive 6X growth post-show. Prioritizing controllable factors and maintaini...
IIFL fintech fund picks up 16% stake in Samadhan for $2 millionThis is IIFL fintech fund's 10th investment and first in the insuretech space, the company said, adding it has already invested 50 per cent...
Surging premiums & unfulfilled claims: The problem with buying health insurance in IndiaNone of us are strangers to stories of policyholders having poor experiences with insurance companies. In the backdrop of rising healthcare...
Covid-19 homecare: Insured seek removal of Rs 20,000 capSince most patients have mild symptoms, a majority opt for home treatment. They are now finding their claims rejected or settled for a less...
Bengal govt's health scheme a hoax, says Rajib Banerjee after joining BJPAttacking the TMC government for launching public outreach programmes just months before the assembly elections, he said that the BJP, afte...
How to recover your forgotten stock investmentsClose to Rs 64,000 crore lies unclaimed in accounts. If you also have untraceable shares, some cos are ready to help you for a fee.
Rs 64,000 crore and counting! Here's how you can claim your untraceable investmentsInvest and forget may be a prudent suggestion from a savings perspective, but can be quite detrimental if you really forget about your inve...