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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.

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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.

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Indian Insurers Urge Government to Issue Zero-Coupon Bonds to Manage Long-Term Risks

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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.

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Insurance agents could soon tie up with multiple insurance companies

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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.

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Why insurance is crucial for financial security? Know from insurance experts

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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.

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How to Cancel Health Insurance Policy and Get a Refund

Health Insurance /

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.

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