Page 10 - Health Insurance

Avg health insurance claims in India Rs 42,000; 15% cross Rs 1 lakh: Report

The average cost of health insurance claims in India is Rs 42,000, with 15 per cent of these claims exceeding Rs 1 lakh, a report said. This highlights the need for policyholders and insurance providers to consider potential high-cost scenarios, such as hospitalizations exceeding five days and costing over Rs 5 lakh, when designing coverage options. The report by SecureNow on Reimbursement Health Insurance Claims provides significant findings on hospitalization duration, claim costs, settlement rates, and the efficiency of the claim settlement process in India. It analysed 3,846 health claims filed through the reimbursement process as opposed to cashless. These claims were geographically diverse and covered different kinds of insurers, family members, and both external and internal Third Party Administrators (TPAs). Furthermore, it said, less than 3 per cent of claims are due to accidents, with a lower median cost of Rs 33,000. The report emphasizes that the duration of ...

Maharashtra govt's flagship health insurance scheme to cover all: CM Shinde

Maharashtra government's flagship health insurance scheme will cover the entire population of the state, Chief Minister Eknath Shinde said on Wednesday. The premium of the Mahatma Jyotirao Phule Jan Arogya Yojana (MPJAY) has been increased from Rs 1.5 lakh to Rs 5 lakh, Shinde told reporters after attending the state Cabinet meeting. "The health insurance scheme will cover the entire 12.5 crore population of the state," he said. This health scheme provides end-to-end cashless services for identified diseases through a network of service providers from the government and private sector. As of now, the beneficiaries of the scheme include holders of the yellow ration card, Antyodaya Anna Yojana ration card (AAY), Annapurna ration card, and orange ration card, besides white ration card-holder farmer families from 14 agriculturally distressed districts, and other sections. The chief minister also said the "aapla davakhana" scheme for providing health services to common people will be .

A snapshot of health insurance plans offered by various firms with details

Here is how the health insurance plans offered by various companies stack up

ESIC adds 1.79 mn new subscribers in April 2023, says payroll data

Gender-wise analysis of payroll data indicates that enrolment of net female members has been 3.53 lakh in April 2023

Over 1 mn dropped from Medicaid as US start post-pandemic purge of rolls

More than 1 million people have been dropped from Medicaid in the past couple months as some states moved swiftly to halt health care coverage following the end of the coronavirus pandemic. Most got dropped for not filling out paperwork. Though the eligibility review is required by the federal government, President's Joe Biden's administration isn't too pleased at how efficiently some other states are accomplishing the task. Pushing through things and rushing it will lead to eligible people - kids and families - losing coverage for some period of time, Daniel Tsai, a top federal Medicaid official recently told reporters. Already, about 1.5 million people have been removed from Medicaid in more than two dozen states that started the process in April or May, according to publicly available reports and data obtained by The Associated Press. Florida has dropped several hundred thousand people, by far the most among states. The drop rate also has been particularly high in other states.

Star Health founder Venkatasamy Jagannathan resigns from company's board

From paying Rs 30K rent to nursing insurer to Rs 30K cr in m-cap, founder V Jagannathan resigns from company board - but his job is not over

Denied insurance coverage due to mental health condition? Persevere

Underwriting standards vary, so another insurer might well accept your proposal

A snapshot of health insurance plans offered by various firms with details

Here is how the health insurance plans offered by various firms stack up

Safety net: Covid-19 cases up, check if policy covers at-home care

Sum insured must be adequate, include consumables like PPE kits

Types of Health Insurance Coverage in India | Chola MS

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Top Headlines: Home loan rates to get dearer, Covid-19 tests up 84% & more

Business Standard brings you the top headlines at this hour

Aditya Birla Health Insurance inks bancassurance partnership with UCO Bank

ABHICL has more than 200 branches, with a diversified presence in over 4800 cities spread across the length and breadth of the country

Niti Aayog and health ministry planning Ayushman 2.0, middle class in focus

The scheme is also exploring options to get a partial contribution or a top-up from individuals covered under the scheme

Supplement your employer's health plan with a sizeable personal cover

Benefits of office policy could be pared; job loss or a switch to entrepreneurship could cause loss of coverage

A snapshot of health insurance plans offered by various firms with details

Here is how the health insurance plans offered by various companies stack up

Thinking of Expanding Health Policy? Know How Does Top-up Work in Health Insurance?

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Karnataka to stop Maharashtra's health scheme in 865 villages: Bommai

Karnataka Chief Minister Basavaraj Bommai on Wednesday said his government would take measures to stop the Maharashtra government from offering its health insurance scheme in 865 border villages that the neighbouring state is trying to lay claim to. He was responding to Congress' criticism over his administration's alleged inaction over Maharashtra's Eknath Shinde government recently announcing an additional Rs 54 crore for implementing the 'Mahatma Jyotiba Phule Jan Arogya Yojana' in the border villages of Karnataka, which the neighbouring state is claiming for itself. Calling the Maharashtra's government's move an "insult" to Karnataka, state Congress President D K Shivakumar and Leader of Opposition in the Assembly Siddaramaiah earlier today demanded Bommai's resignation, accusing him of having "miserably failed" in protecting the interests of the state and Kannadigas. In response to a question from reporters about Congress' demand for his resignation, Bommai said, "If Maharashtr

To cover mental illness, buy health insurance policy offering OPD coverage

Industry regulator nudging companies to underwrite policies that include people with mental illnesses

Health insurance plan: Protect yourself with reinstatement benefit

While it will safeguard you from the possibility of exhausting your sum insured, understand the nitty gritty before buying

A snapshot of health insurance plans offered by various firms with details

Here is how the health insurance plans offered by various companies stack up