In order to sell policies, agents will have to become platform members. They can sell it from all insurance companies once they become members, sources told CNBC-TV18.
After insurance regulator IRDAI allowed novel motor insurance add-ons and introduced use-and-file regime, insurers expect to launch ‘innovative’ products faster.
If you are already covered under a group health insurance provided by your employer, you can buy a cost-effective personal plan in the form of top-ups and add-ons
The losses of health insurance business of PSU insurers either wiped out or decreased profits of other lines of business, as per the audit report on third-party administrators (TPAs) in the health insurance business
Higher hospital room rents will mean steeper proportionate deduction for policies with sub-limits and bigger out-of-pocket expenses for such policyholders. Premiums, too, can go up
Here’s a look at the most common reasons for delay in an insurance claim and quick ways to catalyse the whole process
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The two impediments here are getting a preauthorisation from the insurance company takes 6-24 hours, without which the cashless claim does not kick in, and the insurance desk at the hospital handling the claim is usually open for 12 hours and may remain closed on holidays.
The absence of personal health insurance, delayed and inadequate cover, and wrong disclosures are among the common mistakes people make.
Overseas student travel insurance policies cover students' medical expenses incurred during your stay abroad, besides baggage loss, trip cancellation, study interruption and medical evacuation.
When a major illness strikes it's better to be financially prepared for it. The right cover can go a long way in shielding your finances from avoidable harm
The product allows insured members to plan any treatment abroad or in India worry-free, thus availing the best medical facilities anywhere across the globe, the company said in a statement.
Hospital costs are increasing at a rapid rate. Medical inflation is considered to be growing at a faster rate than general inflation. In such a scenario, it is increasingly common for individuals to exhaust their policy limits. A thorough approach to filing a claim can ensure that out of pocket expenses are minimised.
The startup space has seen hundreds of employees losing their jobs as funding crunch begins to pinch founders. An emergency fund and health insurance cover are a must to tide over such crises.
Father's Day 2022 | From a top-up health insurance policy to a mutual fund investment, there are various ways to enhance the financial stability of fathers and their independence on the day dedicated to dads.
Health insurance companies are getting ready to launch a flood of products as IRDAI approval won't be mandatory for a number of policies. The demand for customised policy products and continuum of care has increased in recent times, say experts
Settling claims has never been an easy process, for insurers or for consumers. However, the process can be made simpler if consumers go in for digitally enabled insurance advisors who will help consumers choose the best policy as per their needs
Hospitalisation expenses will be paid for, but not the cost of isolation if you are not being treated
In view of the rising incidence of health issues, increased cost of hospitalisation, employees should have a second line of coverage.
The most important document that is referred to at the time of the making a claim is the proposal form that is filled out when applying for the insurance policy
Ensure that you do your due diligence when renewing your health insurance so that you don’t have to face any issues in the future
Health insurers can incentivise policyholders who meet wellness criteria by offering reward points or lowering health insurance premiums at the time of renewal. This feature is a win-win for both parties.
Taking treatment at non-cashless network hospitals, ‘unnecessary’ hospitalisation and ‘unreasonable’ charges are some of the lesser-known causes due to which your health insurance claims could get rejected
You can look at health policies with co-pay or sub-limits to keep a tight lid on premiums, but do note that such restrictions will also lead to inadequate coverage.