While initially, the claim amount was high, it has now moderated with many states prescribing a standard treatment rate for Covid-19. Of the total claims received, nearly 66,000 claims amounting to Rs 628.95 crore have been settled so far.
Make sure you read the policy wording. Some policies cover pre-existing diseases while others don't. Many need a minimum 24-hour hospitalisation, advises Bindisha Sarang.
Those who have an insurance policy need to check its clauses to determine if it covers home care treatment, advises Bindisha Sarang.
Similar to a travel insurance that is purchased during booking flight tickets online, those booking tickets on IRCTC's website would get an option to purchase insurance for their train journey
'Last year (FY21), we had about 1 million intimated claims for Covid.' 'This year (FY22), in six months, we got about 1.6 million claims.'
Annual premiums do not exceed what you readily shell out for an OTT subscription.
A seasoned banker with over 30 years of experience, Bakhshi is a mechanical engineer from Punjab Engineering College, Chandigarh. He has a post-graduate degree in management from Xavier Labour Relations Institute.
However, no refund of the premium will be given in case of cancellation of the ticket
Insurance companies are anticipating claims of at least Rs 500 crore from the incessant rains and flooding in Chennai.
This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
Sources said the Insurance Regulatory and Development Authority's vigilance department was looking into these complaints and had carried out inspections in this regard.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
Staying healthy is good news for the insurance company as well since it implies lower claims. Insurance companies offer discounts anywhere between 8 And 30 per cent discount on premium.
Unlike other health insurance policies, which mostly covers hospitalisation expenses alone, the specialised cover is likely to include the cost of treatment during quarantine and payment of cash for incidental expenses.
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up.
Invests $1.1 billion in 6 months, against $3.7 billion in 20 years
The premium amount will be automatically added to the ticket fare if the passenger opts for insurance.
The devastation caused by the current deluge has damaged hundreds and thousands of homes and vehicles.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines that will allow car dealers to become Motor Insurance Service Providers (MISP) and offer the policies of multiple general insurers, says Sanjay Kumar Singh.
The 25-35 age group is the most active online in buying non-life insurance products.
Not only does yoga help beat stress, it also helps them stay agile physically and mentally, say CEOs.
With natural and man-made calamities posing a risk to your home, it makes sense to buy home insurance
Buy comprehensive motor insurance policy to guard against natural calamities.
"India's middle class, small traders and farmers are the lifelines of its economic growth. By catering to these ambitions #Budget2019 infuses hopes for millions of dreams."
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The cover will pay only for the construction cost of the building.
Cost of health care is rising at a fast clip.
Hurdles such as approvals for repair and fixed rates can make the process time-consuming.
Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
Most policies have a 30-90 days waiting period, during which you will not be able to claim any hospitalisation expense, except in case of accidents.
Life insurers need applicants to abstain from tobacco for up to five years.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
According to Section 80D, the premium paid for medical insurance is deductible from your income up to Rs 15,000 a year
Public general insurance companies to collaborate for speedy settlement of claims
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
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