iAdvisor

IRDAI Tightens Grip on Insurance Commissions

IRDAI Tightens Grip on Insurance Commissions as Costs and Mis-selling Concerns Grow

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IRDAI is concerned about the sharp rise in commission payouts by insurers, which has caused several companies to breach prescribed expense limits. The regulator believes excessive commissions can increase policy costs for customers and may encourage mis-selling of insurance products. In response, IRDAI has intensified scrutiny of insurers and is preparing new rules to bring agent commissions and rewards under tighter regulatory control.

IRDAI Tightens Grip on Insurance Commissions as Costs and Mis-selling Concerns Grow Read More »

How Delays at Insurance Ombudsman Offices Hurt Policyholders

How Delays at Insurance Ombudsman Offices Hurt Policyholders

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Insurance ombudsmen were meant to provide quick and affordable relief to policyholders, but growing delays are defeating that purpose. Many consumers now wait months or even over a year for hearings and decisions, especially in major cities. Staff shortages and rising complaint volumes have worsened backlogs, leaving policyholders financially and emotionally strained when they need support the most.

How Delays at Insurance Ombudsman Offices Hurt Policyholders Read More »

Hospitals Should Provide Frugal Healthcare

Hospitals Should Provide Frugal Healthcare, With or Without Insurance

Health Insurance /

Frugal healthcare is not about cutting corners but eliminating unnecessary tests, inflated bills, and wasteful treatments. As insurance claims rise and hospital charges grow opaque, patients need value-based care that prioritizes medical necessity over profit. A frugal approach ensures ethical treatment, financial transparency, and better outcomes for everyone, with or without insurance.

Hospitals Should Provide Frugal Healthcare, With or Without Insurance Read More »

star health claim penalty district court

Consumer Court asks Star Health Insurance to pay Rs 1 lakh after Covid claim denial

Health Insurance /

Rashmi Gupta, a Dasna resident in Ghaziabad district, approached the Ghaziabad District Consumer Disputes Redressal Commission on Nov 30, 2022, seeking direction for the insurance company to settle her claim of Rs 1.68 lakh, which she paid to a ‘ClearMedi Healthcare and Cancer Hospital‘ after being admitted and treated there for Covid. Gupta told the

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Bima Sugam The UPI Moment for India’s Insurance Industry

Bima Sugam: The UPI Moment for India’s Insurance Industry

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With the upcoming launch of Bima Sugam, India’s insurance sector is on the brink of a digital transformation. Bima Sugam is a unified, regulator-backed digital marketplace for insurance. Much like UPI revolutionized payments, Bima Sugam aims to streamline how Indians buy, manage, and claim insurance products across life, health, motor, and general categories.

Bima Sugam: The UPI Moment for India’s Insurance Industry Read More »

Health Insurance Cashless Denied at the Last Minute

Health Insurance Cashless Denied at the Last Minute – What Can You Do?

Health Insurance /

When a hospital suddenly denies a cashless claim at discharge—despite prior approval—it creates panic and confusion. But is the insurer truly at fault? In many such cases, the issue lies with hospital miscommunication, missing documents, or inflated billing. This article breaks down real-world examples, explains your rights under IRDAI rules, and offers a clear action plan to help policyholders avoid being misled and recover their dues.

Health Insurance Cashless Denied at the Last Minute – What Can You Do? Read More »