Health Insurance Claim Rejection doesn’t mean your claim is invalid. Tt might just mean someone didn’t tick a box or misunderstood a clause or just didn’t see how it applies. Many give up at this stage, but those who follow through often get paid. Here’s what you should do.
Health Insurance Claim Rejection – Now What You Should Do Read More »
Indian insurance companies have requested the introduction of zero-coupon bonds and other sovereign debt instruments to better manage long-term liabilities and expand their investment options, as reported by Bloomberg. This appeal, made to the Reserve Bank of India (RBI), has reportedly been discussed with the Finance Ministry, according to individuals familiar with the matter who spoke on condition of anonymity.
Indian Insurers Urge Government to Issue Zero-Coupon Bonds to Manage Long-Term Risks Read More »
The Indian government has proposed amendments to the Insurance Act to allow agents to partner with multiple insurers across life, general, and health insurance categories, breaking the current restriction of one insurer per category. This reform aims to enhance competition, expand consumer choices, and modernize the insurance sector. The Insurance Regulatory and Development Authority of India (IRDAI) will draft regulations to manage these changes, ensuring transparency and addressing potential conflicts of interest. Stakeholders have been invited to submit feedback by December 10, 2024.
Insurance agents could soon tie up with multiple insurance companies Read More »
Insurance is crucial for financial security and because of the unfortunate COVID-19, there has been a substantial improvement in awareness. Despite understanding the importance of insurance, people tend to postpone purchasing a policy, often due to misconceptions about the costs or a belief that they can delay it without consequence.
Why insurance is crucial for financial security? Know from insurance experts Read More »
Here is complete information on steps on how to cancel health insurance policy, refund process, deductions and FAQs. Simplify the task for you to be able to cancel your health insurance. To cancel health insurance policy and obtaining a refund may seem like a complex process. However, understanding the process can simplify the task for you to be able to cancel your insurance.
How to Cancel Health Insurance Policy and Get a Refund Read More »
The expansion of the Ayushman Bharat scheme is designed to enhance healthcare access for senior citizens, allowing them to receive necessary medical services without financial burden. The scheme covers various medical treatments and procedures, ensuring comprehensive healthcare for the elderly.
Ayushman Bharat Scheme Expanded for Senior Citizens Read More »
The insurance industry has launched a similar initiative called “Sabse Pehle Life Insurance” aiming to boost life insurance penetration in India. The Life Insurance Council announced this campaign to enhance awareness and help people understand the importance of life insurance. The campaign provides an opportunity to distinguish between pure protection products and protection-cum-investment products.
#LifeInsuranceCouncil #Campaign #InsuranceAwareness
Will ‘Sabse Pehle Life Insurance’ Campaign get attention? Read More »
While health insurance typically covers hospitalization expenses for severe health conditions, it often ‘does not cover’ routine check-ups or doctor appointments. Should you consider a health insurance policy that includes outpatient department (OPD) expenses?
OPD Health Insurance is Big Relief if You have Pre-Existing Ailments Read More »
The 2024 Union Budget’s emphasis on digitization marks a new era of digital transformation and opportunity for the Indian life insurance sector. From enhanced customer experiences to greater innovation and efficiency, the benefits of digitization are manifold for both insurers and policyholders. As the industry embraces technology-driven solutions, policyholders can look forward to a future where insurance is not just a safety net but a seamless and empowering tool for financial security and peace of mind.
Union Budget’s Digital Transformation in Life Insurance: Impact on Policyholders Read More »
Risk Management in health care and health insurance plays a seminal role in protecting the interest of policyholder, distribution and of course companies itself. It is imperative that in the health care or health insurance organisation it should have qualified risk managers to identify, assess, develop, implement and monitor the risk management process.
Risk Management in Health Insurance – The Way Forward Read More »
