Aug 12, 2022 04:21 PM IST

IRDAI proposes setting up new platform for sale, servicing and claims of insurance policies

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.

Coming soon: More OPD health insurance products, value-added services on motor insurance

After insurance regulator IRDAI allowed novel motor insurance add-ons and introduced use-and-file regime, insurers expect to launch ‘innovative’ products faster.

How to optimise premium for a personal health insurance when an employer-sponsored plan exists

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

PSU general insurers report Rs 26,364 crore loss between FY17 and FY21

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

Own a health insurance policy with room rent sub-limits? Hospital room GST will pinch

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

How to accelerate your delayed insurance claim process

Here’s a look at the most common reasons for delay in an insurance claim and quick ways to catalyse the whole process

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Cashless health insurance may not work in case of emergency hospitalisation

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.

Seven common mistakes people make when planning for health insurance

The absence of personal health insurance, delayed and inadequate cover, and wrong disclosures are among the common mistakes people make.

Simply Save | Why students going abroad need an overseas travel insurance cover

Overseas student travel insurance policies cover students' medical expenses incurred during your stay abroad, besides baggage loss, trip cancellation, study interruption and medical evacuation.

Personal Finance | How to choose the right critical illness cover

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

Bajaj Allianz launches product to provide global health insurance coverage

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.

Here’s how to claim health insurance from your office cover and personal cover at the same time

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.

Mass Layoffs at Startups: How to insulate your finances against career setbacks   

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.

Financial gifts for this Father's Day

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.

Senior care, lifestyle diseases may now get wider insurance coverage as norms change

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

How to insure against hassles at the time of health claim settlement

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

Monkeypox reaches India: Will your health and travel policies cover the costs?

Hospitalisation expenses will be paid for, but not the cost of isolation if you are not being treated

What is premium loading in insurance policies?

Supplement your corporate health plan with personal insurance policy

In view of the rising incidence of health issues, increased cost of hospitalisation, employees should have a second line of coverage.

How to maximise your chances of securing an insurance claim

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

Five things to evaluate while renewing your health 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

How wellness benefits can help reduce your health insurance premium

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.

A mistake in filling up the hospital forms can cost you your insurance claims

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

Simply Save | Why health insurance premiums are on the rise and what you can do about it

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.