A survey has highlighted that a majority of policy owners that their insurance premiums have already increased in the last one year much before the Insurance Regulatory and Development Authority of India (IRDAI) removed the age limit restriction for buying a health insurance policy. In April 2024, the IRDAI removed the age limit restriction for … Read more
Almost four out of 10 patients faced hurdles to get their health insurance claim. As per a survey, 43% of health insurance policyholders, who filed a claim in the last 3 years, struggled to get the money or settle payment dues at a hospital after treatment. The survey by LocalCircles stated that general insurance policy … Read more
The Insurance Regulatory and Development Authority of India brought in the Insurance Regulatory and Development Authority of India (Insurance Products) Regulations, 2024, on April 1. Under the new norms, insurance companies cannot refuse to sell health cover to senior citizens above the age of 65 years. In a notification issued in 2016, the insurance regulatory … Read more
Insurance regulator IRDAI has removed the age limit of 65 years for individuals buying health insurance policies, marking a significant departure from the constraints that limited individuals in securing comprehensive coverage. By abolishing the maximum age restriction on purchasing health insurance plans, IRDAI aims to foster a more inclusive and accessible healthcare ecosystem, ensuring adequate … Read more
Harshvardhan Roongta, CFP, Roongta Securities, says “do not invest in any product to save tax. It is not about insurance or any other investment product. You have to look at the merit of that product. You should ask yourself a question any time that you are going to be looking at investing; would you invest … Read more
There has been a rise in health insurance policy portability in recent times, and it can be attributed to a variety of factors, including the hikes in premiums. Many policyholders are looking for more affordable options, especially if they face steep increase in premium in their current plans. Insurers offering premium discounts attract customers seeking … Read more
According to a new report by leading health consultancy Mercer Marsh Benefits, a part of Marsh McLennan, non-communicable diseases such as cardiovascular diseases and cancer are currently the leading causes of medical claims in India. It also expects employer-sponsored health insurance costs in India are expected to rise by 11% in 2024—up from 9.6% … Read more
New Delhi: Everyone takes care of their health, very few people take care of their health records. Harsh Parikh and Sohit Kapoor have had personal experiences of dealing with missing health records that created a lot of avoidable issues and stress for their families. Unlike in the US, where the network of the health insurance … Read more
New Delhi: Niva Bupa Health Insurance Company Limited has invested in building digital expertise across the entire value chain and be it onboarding customers or settling claims, everything is digital, he said. “More than 50 per cent of our policies get issued with zero human touch entirely digitally, and about 90 per cent of our … Read more
Brisbane, Australia CNN — Cyber criminals with links to Russia are behind a ransomware attack on one of Australia’s largest private health insurers that’s seen sensitive personal data published to the dark web, the Australian Federal Police (AFP) said Friday. In a short press conference, AFP Commissioner Reece Kershaw told reporters investigators know the identity … Read more