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POLICYHOLDER PROTECTION MEASURES
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...- Goal protection matters: Why Waiver of Premium deserves more attentionFinancial plans often falter not due to lack of planning, but because they don't account for life's uncertainties. The Waiver of Premium fe...
- Holding stocks is harder than finding them: 10 mid- and small-caps stocks that may be worth holding on toHolding a stock is not an act of blind faith. It is not refusing to change one’s mind. It is not averaging down because the stock has falle...
- 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...
- IRDAI misses to measure average sum assured per policyholder in its annual reportWhen IRDAI defines success as premium collected, and the industry maximises commissions by selling products that collect maximum premium pe...
- 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 records strong growth momentum with premiums exceeding Rs 1.2 lakh crore in FY25India's health insurance sector is growing strongly. The Insurance Regulatory and Development Authority of India (Irdai) has set strict dea...
- 5 top complaints of policyholders against their insurers: Govt reveals company-wise grievance data in Rajya SabhaInsurance complaints are rising, with claim disposal delays topping the list. Data from IRDAI shows a significant increase in policyholder ...
- IRDAI proposes Ind AS financial reporting for insurers from April 1; check what policyholders should knowIndia's insurance regulator, IRDAI, is proposing a significant shift in financial reporting for all insurers. Starting April 1, 2026, insur...
- Govt, insurers and hospitals line up second consult to offer a healthy coverThe meeting will be chaired by financial services secretary M Nagaraju, with representatives from the General Insurance Council, the Associ...
- LIC says insurance amendment to increase coverageParliament's amendments to insurance laws aim to boost coverage, enhance policyholder protection, and strengthen regulatory oversight, alig...
- IRDAI issues series of regulations, tweaks regulation on surrender chargesIRDAI (Insurance Products) Regulations, 2024 merge six regulations into a unified framework aimed at enabling insurers to swiftly respond t...
- Insurers may need prior approval from IRDAI to appoint new chiefThe Insurance Regulatory and Development Authority of India (IRDAI) is considering measures to enhance governance in the insurance sector. ...
- 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...
- IRDAI allows for modification of withdrawn life insurance products to benefit policyholders; 4 key provisionsThe primary goal of this circular is to give existing policyholders more flexibility while protecting their interests. IRDAI has approved c...
- COVID 19 impact: IRDAI asks insurers to allow travel insurance policies' extension sans chargesThe option to extend dates without extra charges will come as a relief for those policyholders who have or will now have to reschedule thei...
- Nominating a kin for life insurance? Know the new rulesThe new Insurance (Amendment) Act has made the process of nomination simpler. Now the chances of a dispute in the event of the policyholder...
- Do new Irda rules on health cover benefit policy holders?ET analyses the impact of the Irda’s proposed measures to bring about the much-desired transparency & standardisation in health insurance.
- IRDA likely to prescribe fair share of traditional policies in product mixThe decline in the sales of unit-linked insurance plans policy has prompted the Insurance Regulatory Development Authority to consider maki...
- Exposure cap to act as ULIP insuranceMost of new money coming into insurance goes into ULIPs with many policyholders choosing the equity option. Current move aimed at mitigatin...
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