The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured. More ..read more

Health insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released a master circular on health insurance business. The regulator introduces new measures regarding cancellation charges, standardising no-claim bonus, and increasing claim settlement transparency. ET Wealth Online explores how these regulations empower policyholders and improve their health insurance experience. More ..read more

Health Insurance Rule Change: Delays in settling health insurance claims by insurance companies or third-party administrators (TPAs) — intermediaries between insurance companies, the insured, and hospitals have often become a nightmare for patients and their families. Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular on May 29, 2024 to empower health insurance policyholders. More ..read more

LIC Dhan Vriddhi plan provides financial support for the family in case of unfortunate death of the life assured during the policy term. It also provides a guaranteed lump sum amount on the date of maturity to the life assured. More ..read more

The Delhi State Consumer Commission ruled that an insurer cannot reject a health insurance claim solely based on pre-existing diseases if they weren't the cause of death. The commission directed HDFC Life (previously known as HDFC Standard LIC Co. Ltd.) to pay Rs 19.4 lakh along with the interest to a woman whose husband's claim was rejected for not disclosing diabetes. The insurer also has to pay Rs 1,00,000 for mental harassment of the complainant along with the litigation cost. This is a relief for those with common lifestyle diseases like diabetes. Read the full case and verdict in details ..read more

Health insurance: Premiums of health insurance policies went up by more than 25% for 52% policyholders in India over the last 12 months. In this article we tell you how this will impact senior citizens and others and how you can take steps to reduce its impact if you are a new health insurance policy buyer. More ..read more

Evaluate your coverage needs based on the type of vehicle and its usage. Determine whether you require basic third-party liability coverage or comprehensive coverage that includes protection against own damage, theft and natural calamities. More ..read more

In its latest regulations that came into effect on April 1, 2024, the insurance regulator removed the ceiling of 65 years for a person to buy a health insurance policy. It asked insurance companies to offer health insurance products to all age groups. The insurance regulator has also reduced the maximum waiting period for pre-existing conditions to three years from four years, starting from April 1, 2024. How will these new rules impact senior citizens? Check here More ..read more

Senior citizen health insurance covers medical expenses incurred by people above 60 years old. More ..read more

https://www.moneycontrol.com/news_im...ombard_200.jpg One of the key performance catalysts will be the growth in the health business More ..read more