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Latest Articles in health insurance

Revenue For Standalone Health Insurers Increases By 34% YoY

Premiums for general insurers fell over the previous month, while those for health and specialised state-run insurers increased

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New IRDAI Committee For Universalisation Of Health Insurance In India

The committee is also tasked with arriving at ways and means to increase the penetration of health insurance in India, including identifying issues and challenges in the entire value chain and making recommendations to overcome them

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Nearly 60% Patients Delaying Treatments Due To Lack Of Health Cover: Study

Another big pain point for customers is that health insurance policies are too complex to understand. The study revealed that 67 per cent of respondents believe that their health insurance policies are difficult to understand and don’t give a holistic view of the benefits provided

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LIC Keen To Make Re-entry In Mediclaim Segment, Awaiting Regulatory Clarity Says Chairman

Under indemnity-based health insurance plans, the insurer provides reimbursement for the money spent on medical treatment up to the sum insured. For fixed benefit health insurance plans, a fixed amount is paid out of the sum insured for pre-determined illnesses or medical conditions

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Star Health & CSC Partner To Make Health Insurance Accessible In Rural India

The CSCs will provide a host of special features to the rural customers, including a large bouquet of e-services though a single delivery platform, localised help-desk support, and sustainability of VLEs through a maximum commission sharing model of operation

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Health Insurance Sector Boom & Key Challenges

The insurance industry has been growing at a rapid pace. The industry has come up with new and innovative product offerings; and there is an increased demand for specialized products including disease-specific health insurance products which can cater to the specific needs of the consumers

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Insurance Companies Can Launch Products Without Prior Approval: IRDAI

Doing away with seeking prior permissions has been a long-standing demand for the industry

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Urban Company Partners With ACKO; Rolls Out Health Insurance

Under the newly launched health insurance policy, all UC Plus service partners will get an insurance cover of INR 2 lac. The policy will also provide family medical insurance for spouse and two children

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5 Factors To Consider While Buying Health Insurance

Price and product quality are not necessarily correlated when it comes to Health Insurance. Pricing, for a Health Insurer, is an enterprise-level decision that will be contingent upon the underwriting efficiency and operational efficiency of the insurer itself

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5 Common Insurance Myths

Health Insurance plan will not suffice in case you encounter a serious medical emergency

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Health Insurance Driven By Technology

Whilst we have seen a rapid growth of the overall health insurance sector, some key changes/ trends to look out for the next year are:

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Talk Health First, Then Talk of Health Insurance: CEO Aditya Birla Health Insurance

Mayank Bathwal, the Chief Executive Officer at Aditya Birla Health Insurance (ABHICL), a joint venture between Aditya Birla Group and MMI Holdings of South Africa since August 2015, says good health of customers should be the most important focus of those engaged in the business of health insurance. He shares his views on the pandemic and its impact on the health insurance business with Ashish Sinha. Excerpts:

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17.94 Lakh COVID Related Health Insurance Claims Settled

A high-level Inter-Ministerial Committee (IMC) constituted to study the issues related to virtual currencies and propose specific actions to be taken in the matter, recommended in its report that all private cryptocurrencies, except any cryptocurrency issued by the State, be prohibited in India.

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How To Choose Right Term Insurance Plan

Let’s look at the different aspects that one should look at while buying a term plan:

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WICCI Insurance Council And SureClaim Launch A Health Insurance Claims Facilitation Program For Women Impacted By COVID-19

WICCI Insurance Council is actively engaged in creating & implementing programs to bridge the gap and connect women in need with Insurance solutions to offer them financial protection against adversity.

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