FIRST POLICY INSURANCE BROKERS
Tech-first brokers hit a snag; Foxconn’s Bharat FIH in trouble Happy Thursday! Online stock brokers, who used low fees to attract customers, now face an uncertain future with Sebi’s new rules. More on this in today’s ETtech Morning Dispatch.
04 Jul, 2024, 07.18 AM ISTIRDAI bars insurers from advertising unit-linked policies as investment products, issues advertising rules The Insurance Regulatory and Development Authority of India (IRDAI) has bared insurance companies from advertising Unit linked and or index linked products as investment products. In a master circular dated June 19, 2024 IRDAI issued this direction ...
01 Jul, 2024, 11.37 AM ISTWhat is the difference between deductible, co-payment in a health insurance policy If you are confused by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the fifth part of this series, ET Wealth explains the difference between deductible and co-payment.
01 Jul, 2024, 06.30 AM IST
Is your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by as...
25 Jun, 2024, 01.26 PM IST6 recent health insurance claim rule changes every policyholder should know Insurers will have to clear a health insurance claim within three hours of receiving it from the hospital during discharge. Irdai has also given a window of one hour for clearing cashless claim requests at the time of admission. All you need to know...
24 Jun, 2024, 06.30 AM ISTLife insurers' margins may take a hit on early surrender directive Insurance companies in Mumbai are adapting to IRDAI's directives on surrender values, anticipating an impact on new business margins. Insurers are exploring changes in their business models to align with the new regulations and focus on growth over ...
14 Jun, 2024, 09.51 PM ISTIRDAI asks life insurers to offer surrender value in first year The regulator issued a master circular, which mandates insurers to pay special surrender value (SSVs) after the first policy year, provided one full year's premium has been received.
13 Jun, 2024, 12.59 AM ISTNow, customise motor, home insurance policies: Irdai The IRDAI master circular, which repeals all earlier circulars and guidelines, was released on 11 June 2024 and suggests providing wider choice and options to customers. It follows a master circular on health insurance released on 29 May.
12 Jun, 2024, 01.23 PM ISTInsurers must offer a basic cover, strict claim deadlines Regulator mandates 'pay as you drive' option in motor insurance. Customers to benefit from tailored products and roadside assistance services. Insurers bear salvage disposal burden, offer flexible 'fire' policy options.
12 Jun, 2024, 07.32 AM ISTSurprise poll results impact startups' plans, and other top stories this week In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting da...
08 Jun, 2024, 07.20 AM ISTStock brokers push lending; InsuranceDekho’s latest acquisition Happy Tuesday! Tech-first broking companies are looking to diversify into the credit business to build a larger financial services play. This and more in today’s ETtech Morning Dispatch.
04 Jun, 2024, 07.53 AM ISTHow tech-first stock brokers are diversifying into lending Stock broking startups are focusing on consumer loans as they look to diversify their business area. Large stock brokers like Groww and Angel One are disbursing strong numbers for personal and consumer loans. Groww is facilitating disbursement of ar...
04 Jun, 2024, 07.32 AM ISTInsurers worried over surrender value rule Life insurance companies have expressed concerns over proposed regulatory changes that would offer higher surrender values to policyholders the first year itself. Industry representatives have sent their feedback saying that these reforms could seve...
01 Jun, 2024, 12.56 AM ISTHealth insurance claim rule change: Cashless claims must be cleared in 3 hours; insurer to pay hospital charges for delay in discharge, says IRDAI Health insurance: The Insurance Regulatory and Development Authority of India (IRDAI) has released a master circular to streamline health insurance claim process. Previously, delays in claim approvals forced patients to stay in hospitals longer. Now...
30 May, 2024, 02.31 PM ISTCompanies look to rework benefits for multi-generational workforce: Survey A survey by Marsh India Insurance Brokers revealed 70% of companies seek new-age benefits and 50% aim to cater to the multi-generational workforce, focusing on Generation Z. Employers are designing comprehensive benefits tailored to diverse needs, i...
28 May, 2024, 02.52 PM ISTIPL insurance claims hit Rs 150 crore This year, the tournament took Rs 10,000 crore insurance cover from New India Insurance, National Insurance, and United Insurance, insuring against revenue losses from events like rain cancellations. Matches between Gujarat Titans and Kolkata Knight...
21 May, 2024, 11.39 PM ISTRazorpay revamps health insurance policy, provides coverage for vital medical treatments Razorpay unveils new employee health insurance policy covering vital treatments like HIV/AIDS and conditions such as polycystic ovary syndrome. Employees can customize plans to include siblings, LGBTQIA+ partners, and enhanced maternity benefits. Th...
14 May, 2024, 05.10 PM ISTIPL washout spurs potential insurance claims of Rs 50-60 crore The rain-induced washout of the Gujarat Titans versus Kolkata Knight Riders match on Monday has sparked concerns about revenue losses, leading sponsors and franchise owners to contemplate submitting claims to insurance providers. For this year's Ind...
14 May, 2024, 12.57 AM ISTWhat should be the criteria for selecting the right kind of term plan? Dinesh Dilip Bhoi answers There are chances of some sickness coming up or some disease coming up in the future which might hamper the person to take a life plan or which might increase, there would be a loading on his premiums with the premiums would get higher and higher an...
10 May, 2024, 01.13 PM ISTHealth insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums In a major reform, Insurance Regulatory and Development Authority of India (IRDAI) has removed the ceiling of 65 years for a person to buy a health insurance policy. Additionally, the waiting period for pre-existing conditions has been reduced from ...
07 May, 2024, 10.09 PM IST