The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
Rakesh Kaul, CDO, Edelweiss General Insurance, answers your health insurance queries.
Not many people are taking mediclaim insurance policy and its market penetration is less than one per cent
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
NPCI calls bids to cover all e-payment transactions where consumer followed procedure; both state and private insurers show interest.
Students from de-notified tribes, nomadic tribes and semi-nomadic tribes will receive coaching fees of up to 1,20,000 and additional benefits for preparing for entrance examinations such as JEE, NEET, CLAT and the NDA.
As part of a plan to refinance debt and expand its upcoming constellation of satellites, French satellite major Eutelsat Communications will raise euro 1.35 billion, or $1.55 billion, through a reserved capital increase and a rights issue, the company announced on Friday. Bharti Enterprises' space venture, Bharti Space Ltd, will invest euro 31.4 million, or $36 million, in the capital raise.
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
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The new Insurance Bill may be implemented in 2015.
Selected applicants will receive a monthly stipend of Rs 4,500 from the government and an additional Rs 500 from participating companies as a part of the Prime Minister Internship Scheme (PMIS) 2025.
February will see only mid to decent budgeted films arriving.
Over 25 crore workers across India are set to strike against new labour codes and privatisation, potentially disrupting banking, postal, and other essential services.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
Insurance policies stipulate a time frame for lodging a claim after the incident of loss.
Western sanctions aimed at crippling Iranian finances by drying up buyers for its crude oil, had last year banned insurance cover to ships carrying Iranian oil.
Insurance companies are going all out to grab eyeballs.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
Having got the regulatory clearance to offer add-on insurance policies, non-life insurers are now preparing to launch the same in the coming weeks. Some of the insurers have said, however, that they need some time to launch these products. They say that, unlike commercial products which can be launched straight away, products meant for retail consumers need a certain level of preparation before they are ready for sale.
Tamil Nadu ranks lowest in terms of crop insurance penetration, which is just 3.12 per cent, as compared with 25-40 per cent in other states in the country.
Banking and insurance services were paralysed on Tuesday as their staff and officers joined public sector employees on a day-long nation-wide strike
The National Confederation of General Insurance Officers' Association urged the Finance Minister Jaswant Singh to explore the possibility of setting up a subsidiary health insurance company to manage the health portfolio.
However, under several external factors -- such as technological disruption or advancement, regulatory or policy changes, or economic shocks -- the gig workforce may grow only to 32.5 million by 2047, a report points out.
If India caves in to US pressure as Trump hopes it will, he will further try to blackmail it into submission, points out Ramesh Menon.
A proposal to hike the FDI cap in the sector was first mooted by the previous UPA government.
Car market leader Maruti has sold a record 1 million policies under 'Maruti Insurance', launched two years ago.
'The brand, the team, and the people have to make the transition from playing league matches to Test matches.'
More than one million cybersecurity incidents were flagged within 10 days.
The Insurance penetration in India is very low at 3.9 per cent.
The interplay between domestic and foreign capital will shape India's equity markets.
'I have no idea about such a medal. Never got one,' says Surya Shekhar Ganguly, the national chess champion between 2003 and 2008.
United India Insurance Company plans to enter the West Asia and South Asian Association for Regional Cooperation countries to tap the potential in these regions due to a presence of a large India diaspora.
Buying medical insurance? Make sure that you know what you are getting and what you are not.
Most popular mandal in Mumbai, Lalbaugcha Raja, takes Rs 51 crore cover.
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
The biggest surprise for customers, at the time of claiming, is the fact that they will get only depreciated value of the product.
IRDA suggested that health insurance should cover alternative treatments.
In the past 10 years, over 500 PSB officers have died by suicide. When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.
