Page 5 - Health Insurance

Insurers likely to seek clarification from Irdai on new health circular

In the case of porting policies from one insurer to another, the regulator has asked the existing insurers to provide the required details to the acquiring insurance company within 72 hours

Father's Day 2024: 35% of health insurance for dads are bought by children

This Father's Day, consider gifting your dad a health insurance policy

LIC to enter health insurance market via private health insurer: Report

Earlier, LIC Chairman Siddhartha Mohanty had spoken about exploring "inorganic" options for the company's foray into the health insurance segment

Demand for OPD benefits on rise among health insurance policyholders

While demand for OPD benefits was present before, insurance industry experts believe that the Covid-19 pandemic pushed the demand further

Insurers cannot deny claims for non-disclosure after issuing policy

The National Commission did not find any merit in the insurere's petition and dismissed it while upholding the state commission's order

Integration of health insurance & medical services streamlines patient care

The seamless transfer of patient information is possible with the incorporation of Electronic Health Records (EHRs) and Health Information Exchanges (HIEs)

Moratorium to refund: Reforms in health insurance you must know about

Be meticulous with disclosures during policy purchase despite lowering of moratorium period

Health insurance reforms, exotic fruit diet: Top personal finance stories

This week we tell you about the changes in health insurance subscription and the health benefits of pricey fruits

Term insurance plans of various companies explained in single chart

Premium, rules, and tenure of coverage are listed in Policybazaar chart

PNB MetLife appoints Sameer Bansal as MD, CEO; to succeed Ashish Srivastava

He joined the firm in 2007 and is currently serving as the Chief Distribution Officer

IRDAI asks insurers to approve cashless claim in 3 hours: Check all changes

Insurer will be responsible for covering additional charges levied by hospital if the deadline is not met, says IRDAI

Irdai mandates health insurers to decide on cashless claims within 1 hour

Regulator Irdai on Wednesday released a master circular on health insurance specifying that an insurer will have to decide on cashless authorization within one hour of request. The master circular on Health Insurance products repeals 55 circulars issued earlier and it is a significant stride towards reinforcing the empowerment of policyholders and bolstering inclusive health insurance, Irdai said in a statement. "The circular has brought in one place the entitlements in a health insurance policy available to a Policyholder/prospects for their easy reference and also emphasizes measures towards providing seamless, faster and hassle-free claims experience to a policyholder procuring health insurance policy and ensuring enhanced service standards across the health insurance sector, it said. Sharing salient features of the master circular, it said, wider choice to be provided by the insurers by making available products/addons/riders by offering diverse insurance products catering to al

May enter into health insurance, explore inorganic options: LIC chairman

LIC chairman Siddhartha Mohanty has said that the insurer would enter into the health insurance segment and can explore inorganic options if such an opportunity arises. There are expectations that composite licences may be permitted by amending the Insurance Act. As per the Insurance Act, 1938, and the regulations of the Insurance Regulatory Development Authority of India (IRDAI), composite licensing for an insurer to undertake life, general, or health insurance under one entity is not allowed. LIC is not an expert in general insurance like fire and engineering but it can do health insurance, he said while sharing financial numbers for FY24. "Internal work is going on...we will explore inorganic growth in health insurance," he said. In February, a parliamentary panel suggested the introduction of a composite licence for an insurer to undertake life, general, or health insurance under one entity to increase the penetration of insurance in the country. The panel headed by BJP leader

Phase 6 of Lok Sabha polls: Health insurance a key goal for constituencies

Lalganj (SC) in Uttar Pradesh had the lowest proportion of women with health insurance at 1.8 per cent, based on the analysis of the National Family Health Survey 2019-21 (NFHS-5) by the study

Phase V constituencies: Women's health insurance remains key challenge

Progress on other development indicators including adolescent pregnancy

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding

State-owned insurance giant now has to meet regulatory requirement on or before May 16, 2027

Compare features, costs regularly to find a better health insurance

Combine base policy with super top-up, buy multi-year policy to cope with rising health insurance premiums

Mother's Day 2024: From SWP to health insurance, financial gifts for mom

Financial gifts can help your mother achieve financial independence and security. Here are some of the best financial gifts you can give her this Mother's Day

Customise insurance riders to fit your family's medical background

Understand the exclusions in each rider; consider a standalone policy for comprehensive coverage

Hesitant health insurers get a regulatory prod to expand coverage

Until recently, Indian insurers hesitated to offer new health insurance products, resulting in its low uptake. Recent Irdai relaxation targets this laggard retail business