J Hari Narayan, chairman, Irda, said, "We will address the issue of policy exclusions, claim settlement period and the definition of critical illness. All these norms will form a part of the health insurance guidelines."
According to data analysed by the Insurance Regulatory and Development Authority, the claim severity is 83 per cent higher in case of cashless mediclaim than reimbursement in the last two years.
Pimpri-Chinchwad New Town Development Authority, a local government body in Pune district, has cancelled a multi-crore township project of Mumbai-based DB Realty saying it had annulled "bidding for the selection of the developer". The authority has refunded the deposit of Rs 50 crore to the developer.
The Insurance Regulatory and Development Authority on Thursday allowed portability of health insurance products. It will be applicable for all existing and new contracts from July.
To enhance transparency in unit-linked insurance products and protect the interest of policyholders, the Insurance Regulatory and Development Authority has asked life insurers to disclose the underlying conditions and elements while advertising products.
Chief Minister Arvind Kejriwal had applied for an official bungalow in Lutyen's Delhi soon after he was sworn-in, official documents have revealed.
Buffalo meat exporters faced supply problems due to the Centre's ban on animal sales
The court also imposed Rs 10 lakh (Rs 1 million) as cost on the Greater Noida Industrial Development Authority and directed it to hand over the land to the villagers and farmers.
Alphons Kannanthanam, the former IAS officer who refused to bend before political and muscle power, reveals why he wants to enter national politics.
The West Bengal government on Monday introduced two amendment bills in the state Assembly to boost investments in the state.
The Central Bureau of Investigation on Monday questioned former Haryana Chief Minister Bhupinder Singh Hooda in connection with alleged irregularities in the allotment of 14 industrial plots at Panchkula, by Haryana Urban Development Authority.
IFC will act as a transaction advisor for the projects to be developed in the public-private partnership mode.
The Mumbai Metropolitan Region Development Authority is exploring the possibility of constructing metro rail routes along the Western and Eastern Express highways to further ease traffic congestion in the metropolis.
Kejriwal believes in good governance and takes pride in his Hindu identity, points out Sudhir Bisht.
ULPs have become more consumer-friendly. But do you really need one?
Members of the controversial Adarsh Housing Society on Monday approached the Bombay high court, challenging the cancellation of the Occupation Certificate and the cut in electricity and water supply. The Society's occupation certificate was cancelled by the Mumbai Metropolitan Region Development Authority and its power and water supplies were cut by the civic body on November 3 after it was revealed that the building was constructed in alleged violation of civic rules.
Maharashtra Chief Minister Prithviraj Chavan plans to overhaul the Rs 15,000-crore Dharavi redevelopment project. Chavan - who has already flagged what he called an "unholy nexus" among builders, politicians and middlemen in the wake of the Adarsh housing society scam - now wants state-run Maharashtra Housing & Area Development Authority (Mhada) to carry out the big-ticket project.
The Comptroller and Auditor General (CAG) will start the audit work of Commonwealth Games Village in New Delhi from October 28 to probe allegations of financial irregularities.
"Does one need bullet train or improvement of basic rail infrastructure," the MNS chief said.
The app uses a traveller's mobile GPS to predict a train's delay.
2010 was indeed an eventful year from the personal finance perspective. The year had its share of controversies, forward looking policies as well ones which will pinch your pocket more in days to come. Here is a look at top 10 news items (in no particular order).
Reduction in the mandatory minimum contribution and extension to invest in the scheme from 60 years to 70 years has made the National Pension Scheme more friendly, says Anil Chopra, Group CEO & Director Bajaj Capital
Stepping up its attack on the alleged land scandals, opposition Janata Dal - Secular on Monday accused Chief Minister B S Yeddyurappa of denotifying some land in Bengaluru in violation of court rulings and levelled bribery charges against him. Former chief minister and state JD-S president H D Kumaraswamy alleged that Yeddyurappa had denotified more than five acres acquired by the Bangalore Development Authority for a layout at Nagarbhavi.
"There will be a spectrum of guarantees. For instance, there could be a guarantee on premiums paid or sum insured or rate of return or annuity," said an Irda official.
"We all know these problems. We will sit together and work to solve them," he said.
The Supreme Court on Thursday directed all states and union territories to ensure that no night shelter was demolished amid the biting winter cold and slammed the Delhi Development Authority for demolishing two such facilities in the capital.
Former Uttar Pradesh chief secretary Neera Yadav was on Tuesday sentenced to four-year imprisonment by a special Central Bureau of Investigation court in Ghaziabad after it found her guilty of large-scale bungling in allotment of plots as chief of Noida Development Authority seven years ago.Yadav was found guilty of having violated the rules in allotting an industrial plot in Noida to Flex Industries. She had also been charged with allotting out of turn plots.
Making a case for reforms in the pension sector, the Economic Survey 2010-11 on Friday said the Parliament should expeditiously clear the long pending PFRDA Bill.
EEE continues for PF, life insurance and NPS; capital gains from stocks, equity funds may become a part of ordinary income.
The rail link is considered necessary as it will help decongest the growing traffic once the proposed airport comes up in Navi Mumbai.
The loss to policyholders due to massive mis-selling of insurance policies by trusted private sector and public sector banks will be well in excess of Rs 2 trillion, warns Harsh Roongta.
The new rules of the Insurance Regulatory and Development Authority take effect from September 1.
Policyholders would be given an option to check whether any amount is lying due with insurance firms
India has lost almost the entire buffalo meat export market to Brazil, Australia and the US.
Former Pakistan head coach Waqar Younis believes that tainted left-handed batsman Salman Butt, who served a five-year ban for his involvement in 2010 spot-fixing scandal, should be recalled to the national team on the basis of his current form. Waqar, who was Pakistan's coach during the infamous Lord's Test in 2010, when Butt was found guilty of orchestrating the delivery of no-balls from fast bowlers Mohammad Amir and Mohammad Asif, said he was he was in favour of Butt returning based on his recent domestic form.
After life insurance products, the sector's regulator is now turning its attention to unit-linked insurance products (ULIP) that guarantee the highest net asset value (NAV) over its term.
As many as 14 central government services have already been integrated with the e-biz portal.
Even non-Muslims can create Wakf property but it would be invalid if done with a sinful objective to subvert the law, the Supreme Court has ruled upholding the land acquisition of a popular educational institution in New Delhi.
For veterans of mob violence, the events in the Jungpura-Nizamuddin area of South Delhi through Wednesday and Thursday barely merited notice.
The proposed change would give policyholders the flexibility to switch their insurers, with the benefits of pre-existing diseases covered from the first year of shifting to a new company. At present, pre-existing diseases are covered only after the completion of four years of a policy.
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