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Understanding health insurance portability and why you may need it
Business

Understanding health insurance portability and why you may need it

Portability means, the right accorded to individual health insurance policyholders (including all members under family cover) to shift his/her policy to another insurance company along with the transfer of credit gained for pre-existing conditions and time-bound exclusions

India Post Payments Bank offers Rs 10 lakh cover in this accident insurance scheme; details here
Business

India Post Payments Bank offers Rs 10 lakh cover in this accident insurance scheme; details here

The premium plan offers a range of benefits like last rites benefits for up to Rs 5,000, family transportation benefits up to Rs 25,000 and more

IRDAI to mandate dematerialisation of new insurance policies by year end
Business

IRDAI to mandate dematerialisation of new insurance policies by year end

The regulatory body has also asked the insurance companies to dematerialise the existing and old insurance policies. The deadline for it is set as December 2023, reported Live Mint

Revamped IRDAI grievance redressal mechanism 'Bima Bharosa' to enable customers file complaint in 13 regional languages
India

Revamped IRDAI grievance redressal mechanism 'Bima Bharosa' to enable customers file complaint in 13 regional languages

This is part of IRDAI's reform process to make redressal efficient and convenient for the complainants. The regulator in its recent board meeting took several decisions for the benefit of both customers and industry

India's space sector startups seek easier access to financing and clarity on issues with insurance in space policy
Business

India's space sector startups seek easier access to financing and clarity on issues with insurance in space policy

At least 100 startups are active in the country's space sector building satellites, launch vehicles and even designing in-orbit refuellers for satellites that would otherwise have to be abandoned for want of fuel

Hurricanes, wildfires, tornadoes, floods – Here’s how you can be more weather-ready
science

Hurricanes, wildfires, tornadoes, floods – Here’s how you can be more weather-ready

Apathy and complacency can also be dangerous when it comes to weather-driven disasters.

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

Facebook Fuel for India 2020: WhatsApp to launch insurance and pension products in India by year-end
News & Analysis

Facebook Fuel for India 2020: WhatsApp to launch insurance and pension products in India by year-end

The move comes as the Facebook-owned tech giant is set to expand its services to finance, commerce, education and social welfare in 2021.

Term Insurance 101: Should you get an increasing or decreasing term insurance?
Brands

Term Insurance 101: Should you get an increasing or decreasing term insurance?

Read on as we decode these two types of term insurance plans and help you understand which one may be just right for you.

Paperless and modern technology can ensure quality, smooth operation of India's health care system
India

Paperless and modern technology can ensure quality, smooth operation of India's health care system

With an array of solutions available for the healthcare organizations, it is only a matter of taking the first step in the right direction for the other pieces to fall in place.

Valid pollution control certificate a must to renew car insurance; not needed for claims: IRDAI
News & Analysis

Valid pollution control certificate a must to renew car insurance; not needed for claims: IRDAI

The apex court called on general insurance companies to ensure that the rule is followed scrupulously, with special focus on compliance in Delhi–NCR.

Future Proofing Global Capability Centres
News & Analysis

Future Proofing Global Capability Centres

Milan Sheth kicked off the session by explaining why India has recently been taking center-stage in the GCC arena.

Coronavirus Outbreak: Hollywood films, TV shows put at risk over lack of insurance against pandemic
Entertainment

Coronavirus Outbreak: Hollywood films, TV shows put at risk over lack of insurance against pandemic

Without insurance coverage, many producers cannot get the completion bond or guarantee that banks require to lend to productions.

Aegon Life Insurance launches first Life Plus hospitalisation cover for COVID-19 with Flipkart
Business

Aegon Life Insurance launches first Life Plus hospitalisation cover for COVID-19 with Flipkart

Aegon Life Insurance on Wednesday announced the launch of ‘Life Insurance with COVID-19 Cover’ for hospitalization expenses up to Rs 1 lakh along with Flipkart, India’s homegrown e-commerce marketplace

Reset and reboot after COVID-19: The pandemic is India's opportunity to set things right for its healthcare system
science

Reset and reboot after COVID-19: The pandemic is India's opportunity to set things right for its healthcare system

We should try to decrease the length of stays to what's required as longer anyone stays in the hospital the worse it's for them medically and financially.

SEBI eases compliance norms on consolidated results for banks, insurance companies
Business

SEBI eases compliance norms on consolidated results for banks, insurance companies

Markets regulator SEBI on Tuesday gave relaxation to listed banks and insurance companies for publishing consolidated financial results for June quarter in the wake of coronavirus pandemic

IRDAI sets up panel to draft standard professional indemnity policy for insurance intermediaries; asks to submit report in one month
Business

IRDAI sets up panel to draft standard professional indemnity policy for insurance intermediaries; asks to submit report in one month

Insurance intermediaries such as insurance brokers, insurance web aggregators, and corporate agent are required to take professional indemnity insurance policies governed by different regulations.

Coronavirus Outbreak: FMCG companies launch special insurance schemes for 'frontline' workers
Business

Coronavirus Outbreak: FMCG companies launch special insurance schemes for 'frontline' workers

Leading FMCG companies such as Nestle India, Godrej Consumers Products Ltd and Dabur are providing special insurance covers to their 'frontline' workforce, including those of distributors, who are engaged in supply and distribution of their products during the coronavorus pandemic

LIC's new premium business jumps 25.2% in FY20, records best sales in past six years; market share up 1.2%
Business

LIC's new premium business jumps 25.2% in FY20, records best sales in past six years; market share up 1.2%

Despite losing the most productive fortnight of the year to COVID-induced lockdowns, the national insurer LIC achieved a healthy 25.2 percent growth in the first-year new business premium in 2019-20, while private players collectively recorded just 11.64 percent