An exasperated customer sought help from Union Minister Nirmala Sitharaman after failing to secure a hearing from the insurance ombudsman’s Delhi office over alleged non-payment of his claim. The complainant tagged the finance minister in a post on X (formally Twitter) while sharing a letter mentioning the details of his grievance. “Mam please help us … Read more
Health insurance claims: A survey conducted by LocalCircles found that over 50% of health insurance policyholders who submitted claims in the last three years experienced either rejection or partial approval. Of the policyholders surveyed who filed a claim within the same timeframe, six in 10 reported that it took between six and 48 hours for their … Read more
Insurance claims: Insurance companies in India denied 11% of health insurance claims and had 6% of claims pending as of March 2024, a report by the Insurance Regulatory Authority of India (IRDAI) stated. The report highlighted that health policy claims amounting to Rs 26,000 crore were disallowed and repudiated by insurance companies during the year … Read more