The new rates will be applicable from January 1, 2018.
Insurers need to constantly scan their product suite and ensure coverage of all product and customer segments
If you want to purchase health insurance for a respectable sum which will fetch a good healthcare for you after accounting for inflation of around 12 to 15 per cent, you have to buy a health insurance for yourself.
Insurance want to improve penetration of products by giving tax incentives to customers
In terms of AUMs, we are touching Rs 2.2 lakh crore, which is a 47 percent growth on a year-on-year basis, he said.
G Srinivasan, chairman and managing director, New India Assurance, said that their cover will only kick in once the film gets the final certification from the CBFC.
In the general insurance space, ICICI Lombard General Insurance and New India Assurance got listed recently.
While the purpose of travel could be business or leisure, they often offer diverse experiences and yet come with a common set of travel risks.
One should look at the costs in the light of the benefit these add-ons offer and accordingly purchase them.
When the Insurance Laws (Amendment) Act was passed, it paved the way to carve out health insurance as a separate entity
"There is a need for cost standardisation in the health insurance sector... at least among hospitals. If someone is having some procedure in a hospital, it should be comparable with another hospital in the same city," the chairman of the Insurance Regulatory and Development Authority of India (Irdai) said at Ficci's Annual Health Insurance conference here.
The health insurance has become much more a need today with the healthcare costs raising day by day and severe health issues like diabetes and cancer are getting somewhat more common.
If in the event of a claim it is found that the asset has not been insured for its full value, the amount of loss payable is proportionately reduced.
The insurance regulator will study the report to bring out appropriate changes in regulations
Riders for food-delivery companies such as Uber Eats and Deliveroo are typically self-employed and the firms have come under fire for how they treat their workers.
The earlier and younger you buy a health insurance, the lower you pay for it.
A panel appointed by the regulator also suggested that insurers should be allowed to market other products like hotel/flight booking, utility bill payments.
This insurance product caters to solar park developers with the park owner as the insured and sole beneficiary.
Private life insurance company Tata AIA Life is looking to enter real estate investments as a category. The insurance company which was absent from this space may enter this segment soon.
This cover is likely to have basic and premium coverage with a subsidy for those below poverty line
You should compare pure term plans, decide on a low premium, long term plan, and then buy add-ons to have a suitable comprehensive policy.
The insurance company gets majority of its business from its bank partners.
Toffee is licensed as an Insurance Corporate Agent that can curate and sell products of multiple insurers.
The company was demerged from the IIFL Holdings in 2016 and was listed on the exchanges in November 2017
Industry must contemplate and introduce innovative products that addresses the core needs of the customers to take care of their present as well as future healthcare financing needs.