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How health insurance plans have changed since Covid 19: OPD, mental health, surrogacy, pay as you go and more
Covid 19 pandemic has proven to be a pathbreaking moment for health insurance plans in India as it exposed the vulnerabilities and allowed the regulator to accelerate many reforms which were needed to address the many loopholes in the product and the processes. Here is the list of all prominent features and processes which are available to policyholders which can maximise their health protection.
Stocks in the news: Titan, Adani Enterprises, Paytm, Britannia, Yes Bank and Lupin
Titan, M&M, Nykaa Paytm, Alkem Labs, Petronet LNG, NMDC, AB Fashion, Motherson Sumi Wiring, Fortis Healthcare, Pfizer, IRB Infra and UCO Bank are among the companies that will announce their earnings for the quarter ended June 2022.
Axis Bank to wind up UK subsidiary after deal with OpenPayd fails
Axis Bank first said in 2020 that it will be winding down its UK operations. Currently, the bank's international strategy is to focus on Indian corporates that have global operations, it said in an investor presentation in the results of the quarter ended June.
Edelweiss General Insurance launches ‘Pay as you Drive’ add-on motor insurance product
Insurance Regulatory and Development Authority of India (IRDAI’s) new guidelines permit general insurance companies to introduce tech-enabled concepts for Motor Own Damage (OD) cover. EGI has been developing this category for over two years, with telematics enabled, app-based products, according to a release.
Digit’s ‘pay as you drive’ cover is 1st in industry
Customers can complete the entire process within five minutes using video pre-inspection and get the policy in less than 30 minutes.
Stocks in the news: NIIT, RIL, UCO Bank, Adani Enterprises, BPCL, Axis Bank and Vedanta
The government has cut price of natural gas by 11 per cent to $3.62 per mmBtu for difficult fields like the one operated by Reliance-BP.
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Axis Bank to sell UK arm to tech platform
Axis Bank has informed the exchanges that it has agreed to sell its UK subsidiary to OpenPayd Holdings. According to the filing, the UK arm contributed Rs 206 crore total income in FY20 and had a net worth of Rs 765 crore as of March 2020. This is almost 1% of the bank’s net worth.
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