Mediclaim

You better buy medical insurance for your parents. Here's why

Data show that when a company provides a group cover where an employee's parents are covered, most claim made were to treat parents and not the employee himself.

Health policy holders rejoice: Regulator is on your side

The guidelines seek to address the problems of the health insurance sector which came into light in 2010 after four public sector insurers removed private hospitals from their preferred list citing over charging by them under the cashless scheme.

IRDA working to improve health insurance system

Insurance regulator IRDA is working on a centralised mechanism to capture health insurance data with a view to improving the service and preventing misuse of mediclaim benefits by hospitals.

Be ready for a new tax to fund universal healthcare

If the Srinath Reddy report on universal healthcare coverage is accepted, you can expect a new tax to fund it.

Life insurance firms want separate tax deduction of Rs 1.5 lk

Life insurance companies have sought a separate tax deduction limit of Rs 1.5 lakh in an effort to make this asset class more taxpayer friendly.

After health, get ready to pay more for property insurance

After hardening of premium under group health insurance three months ago, property and fire segments are also set to witness increase in premium rates from next year.