INSURANCE PREMIUMS
Star Health aims to double Gross Written Premium to Rs 30,000 cr in 4 yrs: MD Star Health and Allied Insurance Company Ltd. has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years. The company, based in Chennai, has recorded a profit after tax of Rs 845 crore, a 37% increase from...
03 Jul, 2024, 05.51 PM 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 ISTGet Rs 10 lakh insurance policy at Rs 555 premium: New accidental insurance cover launched; know features, where to buy India Post Payments Bank (IPPB) has recently launched personal accident covers at an affordable premium. There are various variants of Health Plus and Xpress Health Plus. From coverage to premium to benefits — read all about the new accident covers ...
28 Jun, 2024, 04.23 PM IST- ADVERTISEMENT
Indian financiers’ debt lures buyers on widest spread since 2020 Investors are wary of funding strains affecting the rapid economic growth in India, despite enticing opportunities in shadow lender bonds. The concern lies in the widening spreads and the potential hurdles that could impede the country's impressive ...
27 Jun, 2024, 07.37 AM ISTReinsurance and coinsurance not under tax ambit The GST Council also recommended clarifications on taxability of reimbursements of securities or shares as employee stock option plans given by a company to its workers. Officials said exemptions would be conditional and notified later. Coinsuranc...
24 Jun, 2024, 05.30 AM ISTGo Digit stock likely to face pressure amid elevated combined ratio After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.
21 Jun, 2024, 12.19 PM ISTStar Health looking to grow 18%, improve claims ratio by 50 bps: Anand Roy, CEO Star Health & Allied Insurance expects 18-20% growth in gross written premiums this year, aiming to double premium income in four years. CEO Anand Roy discussed the company's strategies with Shilpy Sinha.
18 Jun, 2024, 12.13 AM 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 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 ISTAll insurers must offer basic cover, meet settlement deadlines: IRDAI IRDAI announced customer-centric measures, requiring general insurance companies to offer basic insurance products with clear coverage details on their websites for easy comparison and customization.
12 Jun, 2024, 07.12 AM ISTWhat are riders with insurance policies? All you need to know Riders are essentially additional benefits that one can purchase and add to an existing policy.
10 Jun, 2024, 06.30 AM ISTHealth insurance premiums can be reduced if you don’t make a claim, policy cancellations to be less costly and more: 5 rule changes Health insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released a master circular on health insurance business. The regulator introduces new measures regarding cancellation c...
01 Jun, 2024, 12.49 PM ISTDICGC posts 17% growth in insurance fund The fund is collected by premiums received from insured banks, interest income from investments, and cash recoveries from failed banks. The deposit insurance limit in India is set at ₹5 lakh per depositor per bank.
31 May, 2024, 06.03 AM ISTShriram Life Insurance eyes expansion of business across geographies Shriram Life Insurance plans to expand into tier 2 and 3 towns across 15 states, focusing on underserved customer segments needing life insurance, said MD and CEO Casparus J H Kromhout. The company aims to deepen its presence in key states like Andh...
30 May, 2024, 10.13 AM ISTIRDAI in favour of 100% cashless claim settlement in health In terms of cashless claims, the regulator wants insurers to decide on authorisation requests within one hour of receipt. It has directed insurance companies to put in place necessary systems and procedures to meet the new guidelines by July 31, 202...
30 May, 2024, 05.28 AM 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 ISTEmpowering senior citizens: The crucial role of health insurance in India Recent IRDAI regulations in India aim to empower senior citizens through accessible health insurance options, including coverage for Ayush treatments, aggregate deductibles for cost-sharing, and comprehensive rider packages for additional benefits. ...
21 May, 2024, 12.42 PM ISTSanjiv Bajaj on right way to go in getting health insurance, rising premia & more Sanjiv Bajaj elaborates on the factors contributing to premium increases, including health inflation and GST. He also provides insights on the health insurance porting process, emphasizing the importance of policy porting and health declarations.
17 May, 2024, 06.49 PM ISTInsurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs Rising childbirth costs in India drive a surge in demand for maternity insurance, growing at 80% annually. PolicyBazaar data reveals 78% of policies are bought by men. Insurers see these policies as customer magnets despite expected claims. Factors ...
11 May, 2024, 03.14 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