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Health Insurance News

From faster reimbursements to incentives for model hospitals, Ayushman Bharat all set to reboot
India

From faster reimbursements to incentives for model hospitals, Ayushman Bharat all set to reboot

The government’s flagship health scheme provides an annual health cover of Rs 5 lakh per family to 10 crore poor and vulnerable families for secondary and tertiary care hospitalisation

Don't modify existing health insurance policies that leads to higher premium: IRDAI tells insurers
Business

Don't modify existing health insurance policies that leads to higher premium: IRDAI tells insurers

IRDAI has also directed the insurers to ensure that policy wordings are simple so that policyholders can understand them easily

Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Business

Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI

Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha

Union Budget 2021: Make insurance more affordable, attractive proposition for customers
Business

Union Budget 2021: Make insurance more affordable, attractive proposition for customers

Due to COVID-19, the consumer mindset has undergone a tectonic shift from looking at health insurance as a priority to seeing it as a necessity, says ManipalCigna's Prasun Sikdar

Union Budget 2021: Liberalisation of FDI in insurance should be given top priority
Business

Union Budget 2021: Liberalisation of FDI in insurance should be given top priority

The ongoing pandemic has emphasised the importance of insurance as a form of financial protection for oneself and family, reiterating the unpredictability of life-altering events

Health Insurance 101: How to extend health coverage for your family with top-up insurance
Brands

Health Insurance 101: How to extend health coverage for your family with top-up insurance

When it comes to securing your family's health, there's always room for more. Here's how you can extend coverage under health insurance plans for your family with top-up insurance

Individual or family health cover? Things to consider before you decide
Brands

Individual or family health cover? Things to consider before you decide

Health issues can crop up suddenly and without warning. Being prepared for them is the best thing we can do for ourselves and our loved ones.

From driving licences, free LPG connections, to Motor Vehicles Act: Here are rules that are changing from 1 October
India

From driving licences, free LPG connections, to Motor Vehicles Act: Here are rules that are changing from 1 October

From taxes on foreign fund transfers to the stopping of free LPG connections under the Ujjwala scheme, here are the major changes that will take place from 1 October

Coronavirus Outbreak: IRDAI allows insurers to collect health insurance premiums in instalments
Business

Coronavirus Outbreak: IRDAI allows insurers to collect health insurance premiums in instalments

IRDAI has allowed insurers to collect health insurance premiums in instalments for products they deem appropriate, in view of the prevailing conditions due to COVID-19 outbreak, which has adversely affected economic activities

Insurance regulator IRDAI asks health insurers to settle claims within two hours as COVID-19 scare spreads
Business

Insurance regulator IRDAI asks health insurers to settle claims within two hours as COVID-19 scare spreads

In light of prevailing conditions owing to COVID-19 as also taking into consideration the need for alleviating the pressure on the healthcare infrastructure, all the insurers shall decide health insurance claims expeditiously, it said in a circular.

Coronavirus lockdown: Premium payment date for renewal of health, motor insurance policies extended till 15 May
Business

Coronavirus lockdown: Premium payment date for renewal of health, motor insurance policies extended till 15 May

To help out people whose health and motor insurance policies are due for renewal during the coronavirus lockdown, the government has extended the renewal date till 15 May.

Flipkart enters into tie-up with ICICI Lombard, Go Digit; to offer COVID-19-focused health insurance policies at Rs 159 annual premium
Business

Flipkart enters into tie-up with ICICI Lombard, Go Digit; to offer COVID-19-focused health insurance policies at Rs 159 annual premium

It allows Flipkart's customers to submit digital copies of the claim document to the insurer for processing.

Coronavirus Outbreak: Airtel Payments Bank ties up with Bharti AXA to offer insurance products covering pandemic
Business

Coronavirus Outbreak: Airtel Payments Bank ties up with Bharti AXA to offer insurance products covering pandemic

In case, the policy holder is diagnosed negative after being quarantined for at least 14 days in a government hospital or military facility/establishment, he or she will be entitled to 50 percent of the sum insured.

Fintech app True Balance partners with ICICI Lombard to provide health insurance cover around 1 billion unbanked Indians
Business

Fintech app True Balance partners with ICICI Lombard to provide health insurance cover around 1 billion unbanked Indians

Along with the lump sum payout, the policy will cover health assistance benefit, virtual and tele consultation benefit and ambulance assistance.

PhonePe partners Bajaj Allianz for hospitalisation insurance policy for COVID-19; offers cover of Rs 50,000
Business

PhonePe partners Bajaj Allianz for hospitalisation insurance policy for COVID-19; offers cover of Rs 50,000

Users can purchase the policy from the PhonePe app, and the customer is issued policy documents within the app, it said.

Edelweiss General Insurance to cover quarantined patients under policy cover of COVID-19; offers up to 100% of claim amount
Business

Edelweiss General Insurance to cover quarantined patients under policy cover of COVID-19; offers up to 100% of claim amount

This approval will be applicable, both for Edelweiss health insurance and Edelweiss group health insurance policies, till such time that the virus is declared as abated by the Government and/ or WHO, it said further.

Everything You Need To Know About Health Insurance & When to Increase Coverage
Brands

Everything You Need To Know About Health Insurance & When to Increase Coverage

ManipalCigna has launched a pocket-friendly and competitive top-up health plan called the ‘Super Top Up’.

International Universal Health Coverage Day 2019: What India needs
Health

International Universal Health Coverage Day 2019: What India needs

Earlier this year, when the WHO scored countries based on their universal healthcare coverage, India scored 55 out of 100.

Govt courts private hospitals to boost health insurance programme, offers incentives; NHA likely to seek Rs 8,000 cr for next year
Business

Govt courts private hospitals to boost health insurance programme, offers incentives; NHA likely to seek Rs 8,000 cr for next year

Launched last year, the scheme is critical to Prime Minister Narendra Modi’s plans to reform the country’s health system.

A tale of two hospitals in two countries: How an emergency revealed broken state of Indian healthcare
long-reads

A tale of two hospitals in two countries: How an emergency revealed broken state of Indian healthcare

In a broken system, hospitals don’t trust insurance companies to pay bills; insurance companies don’t trust hospitals not to inflate charges; and the hospitals, insurers and patients all know that going to the courts with a claim means endless years of litigation, from which lawyers will be the only ones to profit.