Page 8 - Health Insurance

Annual insurance review: Why you must boost term cover at key life stages

Your health insurance may need to be strengthened to keep pace with medical inflation

India's 95% population uninsured, 73% lack health coverage: Report

As much as 95 per cent of the country's population is uninsured despite the government and the insurance regulator's efforts to expand coverage, National Insurance Academy said in a report, which was released on Thursday. Unveiling the report, Irdai Chairman Debasish Panda urged the industry to emulate steps that led to the massive success of the UPI, opening of bank accounts, as well as mobile penetration. Panda said a compulsory natural calamity insurance in high-risk regions -- as recommended in the report -- is needed if the country wants to achieve insurance for all by the time the nation completes a hundred years as a republic. According to the report, 95 per cent of the country's population of 144 crore is uncovered. The high prevalence of lack of insurance coverage assumes importance in the light of the increase in the number of natural calamities and other climate-related disasters to hit the country. Further, it said 84 per cent people from low- and middle-income categor

22 procedures related to mental disorders covered under AB-PMJAY: Govt

Twenty-two procedures related to mental disorders are covered under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), the government informed Parliament on Friday. The AB-PMJAY provides treatment corresponding to a total of 1,949 procedures under 27 different specialties, including mental disorders, nephrology, cardiology and general medicine, Minister of State for Health S P Singh Baghel told the Lok Sabha in a written reply to a question. Of the 1,949 procedures, 22 are related to mental disorders, he said. From 2021-22 to 2023-24, a total of 1.35 lakh hospital admissions, amounting to Rs 120.19 crore, were authorised under the scheme for treatment related to mental disorders, Baghel said. The average duration of stay (in days) for treatment related to mental disorders for the financial year 2021-22, 2022-23 and 2023-24 are 13, 12, and 11 respectively, he informed.

Time to review insurance cover; and buy art: Top personal finance stories

Our best stories this week explain how to review a key component of your financial portfolio and how to invest in art

Over 40 crore in India don't have health insurance: Report

The report found that the lack of health insurance was due to lower penetration, coverage inadequacy, and rising healthcare costs

Aditya Birla Health launches product 'Activ One' with 100% returns

Funds earned on Health Returns can be used for payment of renewal premium and other non-medical expenses, out-patient expenses, etc

'Claim denied': Mistakes in health insurance that can give you heartache

Being aware of policy's exclusions and waiting periods is equally vital

Health insurance safety, adventure sport boom: Top personal finance stories

Our pick of best stories this week explains why medical claims are rejected and how Indians are seeking thrill

Niva Bupa seeks to have gross written premium of Rs 10,000 cr by FY27

Health insurance company says Tamil Nadu among markets where it is seeking growth

CCI approves acquisition of additional stake in Niva Bupa Health Insurance

Fair trade regulator CCI on Thursday approved the acquisition of an additional stake in Niva Bupa Health Insurance Company by Bupa Singapore Holdings Pte. Bupa Singapore Holdings is a shareholder of Niva Bupa and a subsidiary of international healthcare group The British United Provident Association Ltd (Bupa). The transaction relates to the secondary purchase of shares by Bupa Singapore Holdings in the Niva Bupa Health Insurance Company from Fettle Tone LLP. After the transaction, the shareholding of Bupa Singapore Holdings will increase to 63 per cent in Niva Bupa Health Insurance. Niva Bupa Health Insurance provides insurance policies in India, while Fettle Tone LLP is a special purpose vehicle (SPV) set up by private equity firm True North Fund. The Competition Commission of India (CCI) said it has cleared the deal under the green channel route. "Apart from the Bupa Singapore Holdings's (Acquirer) and Bupa's existing interests in Niva Bupa (Target), there are no horizontal ..

Fertility care needs financial planning: What to do for insurance, funding

Couples contemplating surrogacy must know about their legal obligations

Table: Key information about health insurance plans sold by companies

Know about eligibility, key features and premium amount in Policybazaar table

Bad air quality may breathe fresh life into health insurance business

Most of the metro cities in India are battling acute air pollution with the Air Quality Index (AQI) readings being around "poor", "moderate" and "severe" levels for most of them

Congress releases Mizoram manifesto: Promises LPG cylinders at Rs 750

Health insurance coverage upto 15 lakh, and other welfare measures were promised in the manifesto by Congress

Non-life insurance industry projected to grow by 14 to 15% CAGR by FY37

General insurance penetration in India remains low at 1 per cent as of FY21, compared to 3.4 per cent in Taiwan and 5.2 per cent in South Korea

24% growth in health cover premia drives non-life insurance sector

In the first half, the health insurance segment registered 18.92 per cent growth year-on-year

Health insurance for NRIs: Check geographical coverage, sum insured

Currency fluctuations could affect value of premiums and claims

Religare asks police to probe allegations linked to previous leadership

Religare provides loans to small and mid-sized businesses and also has health insurance and broking services units

Prefer deductible to co-pay in senior citizen health insurance cover

Last week Tata AIG General Insurance launched a plan for this group, adding to the considerable number of plans already available

Star Health Insurance introduces surrogacy cover and oocyte donor cover

The policy provides inpatient hospitalisation coverage for post-partum delivery complications experienced by the surrogate mother for a 36-month period under the Surrogacy cover