News


Good News! Car owners to benefit in a big way with this latest IRDAI move

27

Nov 2019

Good News! Car owners to benefit in a big way with this latest IRDAI move

IRDAI has brought out an exposure draft on making motor insurance policies much better and simpler. There are various changes suggested in the draft that will affect the consumers in a very positive way. Considering the various developments in the fast-changing eco-systems as well as in technology relating to motor vehicles, the Insurance Regulatory and Development Authority of India (IRDAI) has brought out an exposure...

Read More


Motor insurance: Changes in depreciation norms for private cars likely

27

Nov 2019

Motor insurance: Changes in depreciation norms for private cars likely

Irdai has suggested that the sum insured for all new private cars up to three years will be the current day on-road price of the vehicle For private cars older than three years, depreciation will be 40% for up to four years, 50% for up to five years and 60% up to seven years. As the current underwriting of motor insurance is dependent on the...

Read More


Three tips for choosing the right motor insurance

25

Nov 2019

Three tips for choosing the right motor insurance

As per the Motor Vehicles Bill 2019 in place, driving a vehicle without valid motor insurance draws a penalty of Rs 2,000 and/or imprisonment up to three months for the first offence and a subsequent penalty of Rs 4,000 on the second offence. For the overall protection of your vehicle, it is important that you buy a comprehensive policy that gives adequate cover to your...

Read More


Vehicle Fire Insurance Claim: How this man won Rs 13.5 lakh with interest, 10 yrs after incident

21

Nov 2019

Vehicle Fire Insurance Claim: How this man won Rs 13.5 lakh with interest, 10 yrs after incident

Vehicle Fire Insurance Claim: It took 10 years to Kamlesh to finally win against the insurance company, which had denied him the insurance claim after his truck was damaged in fire in June 2009. Vehicle fire insurance claim: The top court observed that as per conditions of the policy, the appellant (Kamlesh) had not violated any rule by not immediately informing the police. Vehicle Fire...

Read More


Insurance Riders: Do you need them? Know about different kind of riders

19

Nov 2019

Insurance Riders: Do you need them? Know about different kind of riders

Riders are additional benefits, which are optional and insured persons may opt to avail such benefits by paying extra premium. The premium for riders are generally lower than the premium of the full-fledged policies containing such benefits. Insurance covers risks like – risk of early death, risk of living too long, health risk, risk of accidental injury or death etc. However, in some instances, some...

Read More


ECHS rules: Government issues clarifications on definition of empanelled hospitals

18

Nov 2019

ECHS rules: Government issues clarifications on definition of empanelled hospitals

Hospitals need to furnish an undertaking to ECHS accepting the rates notified by ECHS or the negotiated rates which under no circumstances can exceed the applicable CGHS rates. A hospital will be considered to be on ECHS panel only when it has a valid MoA or it is not under orders of stop referral. Department of Ex-Servicemen Welfare of the Ministry of Defence had recently...

Read More


Irdai calls for wellness features in health insurance plans

15

Nov 2019

Irdai calls for wellness features in health insurance plans

Policyholders can avail value-added benefits such as outpatient consultations and health check-ups which will help them get diagnosed at an early stage, making preventive healthcare more prevalent. The regulator has underlined that insurers will not accept any liability towards quality of the products or services offered by the third parties. In order to popularise wellness and preventive features in health insurance, the insurance regulator has...

Read More


World Diabetes Day 2019: Cover your expenses with a diabetes specific health insurance plan

14

Nov 2019

World Diabetes Day 2019: Cover your expenses with a diabetes specific health insurance plan

An effective solution to the problem of an increase in the cost of treatment of Diabetes is securing yourself with a comprehensive Diabetes-specific health insurance policy. Though there is a strong genetic predisposition to Diabetes among the Indians, over the last two decades the disease has turned into a leading lifestyle ailment. India – a nation undergoing swift socio-economic progress and urbanisation – carries along...

Read More


Suffering from diabetes? Buy a health cover

13

Nov 2019

Suffering from diabetes? Buy a health cover

The cost of diabetes care has gone up manifold in recent years putting financial burden on families whose members suffer from the ailment. In the battle against diabetes, a comprehensive health insurance policy can come to your aid. In today’s fast-paced life, it’s not uncommon to consume unhealthy food, skip exercise and lead a sedentary lifestyle. The culmination of all of these has given rise...

Read More


Buying a health plan for your parents? Check these 4 crucial factors

12

Nov 2019

Buying a health plan for your parents? Check these 4 crucial factors

Go for an independent policy rather than a family floater as group cover does not always include pre-existing diseases. Even if your parents are adequately covered under a corporate health insurance policy by your employer, the cover provided by your employer would cease to exist post-retirement. Considering the current rate of medical inflation in India, adequate health insurance has become a must-have for each and...

Read More


Reliance health Insurance to stop selling policies

11

Nov 2019

Reliance health Insurance to stop selling policies

Irdai has said that the interests of policyholders will be protected and all genuine claims will be honoured The regulator has also prohibited RHICL from using its assets for any payment other than claim settlement till November 15. In order to protect the interests of policyholders, the insurance regulator has ordered Reliance Health Insurance Co Ltd (RHICL) to stop selling new policies and to transfer...

Read More


Your daily Yoga, Gym routine may soon reduce Health Insurance premium, increase sum insured

09

Nov 2019

Your daily Yoga, Gym routine may soon reduce Health Insurance premium, increase sum insured

IRDAI Draft Guidelines on Wellness and Preventive Features in Health Insurance Policy: We all know that doing Yoga, Gym or any kind of physical exercises daily improves wellness. Soon, these activities may even help in reducing your health insurance premium IRDAI has proposed to allow the insurers to provide “discounts on premiums and/or increase in sum insured at the time of renewals based on wellness...

Read More


IRDAI stops Reliance Health Insurance from selling new policies

07

Nov 2019

IRDAI stops Reliance Health Insurance from selling new policies

The Insurance Regulatory and Development Authority of India has asked Reliance Health Insurance Company (RHCIL) to stop selling new policies. The Insurance Regulatory and Development Authority of India has asked Reliance Health Insurance Company (RHCIL) to stop selling new policies and transfer the entire policyholders’ liabilities along with financial assets to Reliance General Insurance Co. Ltd (RGICL) with effect from November 15. In an official...

Read More


Insurance Rules change 2019: No cap to foreign equity investment for intermediaries

06

Nov 2019

Insurance Rules change 2019: No cap to foreign equity investment for intermediaries

The Insurance Regulatory and Development Authority of India (IRDAI) has shared Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019: The Insurance Regulatory and Development Authority of India (IRDAI) has shared Indian Insurance Companies (Foreign Investment) Amendment Rules, 2019 on its website. The amended rules, which were notified by the Department of Financial Services of the Ministry of Finance on September 2, 2019, remove the cap on...

Read More


IRDAI issues new norms to crack down on mis-selling of travel insurance; Here’s how you will benefit

06

Nov 2019

IRDAI issues new norms to crack down on mis-selling of travel insurance; Here’s how you will benefit

The latest norms should bring in greater transparency for the insured and insurer and at the same time curb mis-selling of travel insurance. Going forward, it is very important to ensure that every travel insured made available to the customers is in complete compliance with the stated norms. In order to promote transparency and to curb the practice of mis-selling of travel insurance through online...

Read More


Insurers need to leverage digital wave, data

06

Nov 2019

Insurers need to leverage digital wave, data

Insurance companies must accelerate the process of digitisation and automation by deploying next-generation technology, says a BCG-Ficci report Insurers will also have to introduce next-generation bancassurance practices with digital enablement of sales With digital innovations rapidly changing consumer behaviour, insurance companies will have to innovate products to create a pull factor and unlock demand. Insurers will also have to introduce next-generation bancassurance practices with digital...

Read More


Staying in non-metro? IFFCO Tokio launches new health insurance plan with low premium

05

Nov 2019

Staying in non-metro? IFFCO Tokio launches new health insurance plan with low premium

Considering the average claim size in smaller towns and non-metro cities is much lower, the policy is designed such that one need not pay a higher premium as the cost of healthcare in those towns is low. The policy covers family members consisting of individual, spouse and financially dependent children on a floater basis. The cost of hospitalisation for those living in smaller cities and...

Read More


Why your smartphone, needs an insurance policy

05

Nov 2019

Why your smartphone, needs an insurance policy

While most manufacturers offer a single year warranty, an extended warranty helps take this cover beyond this period to up to three years. Not only is India one of the biggest smartphone markets, but Indians are also richly invested in accessorizing their phones with unique phone cases, headphones, power banks, etc. As per a recent report, the market for mobile phone accessories is projected to...

Read More


Why young adults too need to buy health insurance

04

Nov 2019

Why young adults too need to buy health insurance

Buying a health insurance policy at a young age means exhausting the waiting period while you are young and healthy. Today, diseases, disabilities and death are not showing affinity merely towards the elderly, these are inflicting young adults equally. As per a recent study, Indians are 10 times more likely to die of heart disease than the rest of the world. The unfortunate fact is...

Read More


What prevents people from buying health insurance?

04

Nov 2019

What prevents people from buying health insurance?

As per market experts, exclusions and complexity of a certain health insurance product play an important role in difficulty in adoption of new products. The only way to win the trust of consumers is introducing a standard health insurance policy across all insurers that is affordable and within everyone’s reach. In case you wish to get a sense of the gap between the world’s unhealthiest...

Read More



Page 2 of 1112345...10...Last »