The report said that the recent IRDAI proposal that allows investors to take 25% stake without assuming promoter responsibilities has also helped in deepening interest.
Ahead of the budget, insurance companies also want finance minister Nirmala Sitharaman to accept their demand to exempt the principal component of annuities, or pension income from tax
The segment has the potential to grow into a $25 billion market in the next five years, on the back of COVID-led rise in awareness, product innovation and rising disposable income, the investment banking major’s research predicts
Change in product mix to drive future profitability of ICICI Lombard; valuations rich but sustainable
In the upcoming Budget 2023, FM Nirmala Sitharaman could go for an increase in the section 80D limit to make health covers more attractive for taxpayers at a time when medical expenses are rising.
The Insurance Regulatory and Development Authority of India (IRDAI) went on overdrive this year to facilitate ease of doing business, LIC went public, life insurance companies sold guaranteed return products on the back of higher interest rates while health insurers rolled out wellness and OPD benefits.
Sundaram Finance Ltd would provide health insurance solutions of Care Health through its extensive network.
For group health insurance, Flexi GMC is the next frontier. More and more employees are seeking greater participation in designing the benefits that are most relevant to them. The one-size-fits-all has its limitations
Buying health insurance when you are comparatively younger and healthier will supplement your employer-provided cover for any higher hospitalisation bills and there will be no hassles in terms of renewability. If you want to buy insurance at an advanced age and have some new health issues, insurers may not even be willing to cover you.
NRIs must compare various available term insurance policies, their features, available riders, and claim settlement ratios online before buying a comprehensive insurance plan.
A health emergency may be far from your mind when you start your career, but it is best to have an adequate health cover. Likewise, motor and cyber insurance covers, too, deserve a place in your protection portfolio.
The insurance regulator said the amendments will promote ease of doing business and simplify the process of setting up an insurance in India.
In this edition of the Simply save podcast, Kapil Mehta - Co-founder and CEO of SecureNow Insurance Brokers - explains how to buy an independent health insurance policy and identify the right plan with the help of Moneycontrol-SecureNow Health Insurance Ratings
Insurance benefits could be differentiated on the basis of designation, salary, family size, or a combination of these factors.
It’s easier for diabetics to obtain health insurance policies, but not being upfront about your pre-existing conditions could result in rejection of claims
From stem cell therapy to oral chemotherapy, insurance companies are mandated to cover certain modern medical procedures. But stringent sub-limits enforced by some insurance companies may serve as a deterrent to a reasonable claim.
Buying a super top-up policy is a simple and cost-effective way of enhancing your health insurance cover. But watch out for the entry age barrier.
The Mumbai Insurance Ombudsman annual report shows an increase in health insurance complaints in 2021-22, on account of partial claim payout, rejection due to ‘unnecessary’ hospitalisation, amidst other COVID-19 related complaints.
You can only port your policy at the time of renewal. So start the process at least 45-60 days prior to the expiry of your existing policy
If implemented, it will ensure PMJAY coverage for an additional 7.5 crore population in India.
Experts believe that all insurance products covering mental health will help remove the stigma around it and positively influence the health-seeking behaviour of patients