For Irdai Chairman Debasis Panda, LIC's fortune and reforms in health insurance sector will be the two most difficult tests to pass
Creating an adequate reserve, reduce the risk in your investment portfolio, and buy sufficient life and health insurance
The obligatory cession was reduced from 5% to 4% for 2022-23. The impact of the reduction on GIC Re will be Rs 2,000 crore
There are three main components of an insurance policy: premium, sum assured and deductibles
Motor insurance premium sees 27.5% rise on a low base
In the June quarter, the non-life insurance industry netted premiums to the tune of Rs 54,492 crore, up 23 per cent YoY
Go for cashless treatment where available, as the reimbursement route is more burdensome
Based on a presentation by R S Sharma, CEO of NHA, chairman of Irdai Debasish Panda, has proposed creation of a working group with representation from the industry
The National Family Health Survey-5 (2019-21) states 88 per cent of the households have at least one member covered by a health scheme or health insurance in Rajasthan
The move is likely to reduce premiums of policies and boost access to affordable health cover
A client, and not the insurance agent, has to ultimately bear the consequences of not revealing critical information.
Move will help firms adapt to changing customer preferences
Currently, insurance companies have to obtain prior approval from the insurance regulator to launch new products
Irdai has tweaked 'Use and File' procedure for all health insurance products and almost all the general insurance products in line with the reform agenda taken up towards having a fully insured India
Insurers are looking to limit their losses on policies after underestimating the extent of the Convid-19 cases in Taiwan
The tech-enabled home services company has tied up with ACKO Insurance to craft this insurance cover.
CI plans generally offer global coverage. "Even if the insured is diagnosed with a CI outside India, this plan will make a pay-out," says Vivek Gambhir, a product head at Tata AIG General Insurance
This is the first insurance plan in India that covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overall dental health
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