A lot of work is needed to be done on the part of the insurance sector behemoth, and the government, before it is ready for its market debut.
'The government says the mortality rate among patients is 2 to 3 per cent, but in doctors it is 11 per cent, which is very high.'
The Supreme Court has ruled that public sector insurance companies cannot refuse to provide medical cover policies to those suffering from pre-existing diseases and said such an action was arbitrary, illegal and unconstitutional.
Credit cards come with insurance covers that help in circumstances like accidental death or loss of goods, says Amar Pandit.
An Indian-American physician was on Saturday jailed for nearly six years and ordered to pay over $2.2 million in fine for defrauding federal medical insurance programmes by inflating and overcharging for healthcare services.
A Planning Commission panel has suggested allowing foreign investors to own a larger share in domestic insurance companies. The group, chaired by Planning Commission member Anwarul Hoda, has also said that foreign direct investment restrictions on reinsurance companies should be removed.
Mahavir Chopra explains the pitfalls one may face after buying a day care insurance policy
With a view to provide flexibility to insurance companies, the Insurance Regulatory and Development Authority has said that life insurers will be allowed to change the premium quotes from what they have filed with the regulator for group business.
Irdai has listed diseases that can't be excluded from health insurance policies, including neurodevelopmental disorders, mental illness problems, psychological disorders, genetic diseases, puberty- and menopause-related disorders.
Insurance companies have started offering IT, IT-enabled services, business process outsourcing and non-manufacturing companies with policies due for renewal on January 1 discounts of more than 60 per cent.
"We should encourage greater outward investment by provident funds and insurance companies when inflows are high. Such diversification will make these funds more stable (give them less exposure to high volatility India markets)," said the draft report of the the Committee on Financial Sector Reforms, headed by former IMF Chief Economist Raghuram G Rajan.
Your insurance policy document will become digital and paperless like shares. Here's what you must know to save the hassles.
Insurance stocks gain after parliament passes bill to hike FII limit.
The main purpose of the meeting is to assess their views on reforms that are required to attract long-term capital into the country.
It might be a cheaper option, but lack of clarity is choking its growth
Here is some good news for students going abroad. Medical insurance comes cheaper in India and sometimes, with better coverage.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
This could impact their books in the third quarter of the current financial year.
Tax sops unlikely for the sector in coming Budget.
Seventy five per cent of the non-life insurance industry, which consists of fire, engineering and motor covers, was subject to rates prescribed by the Tariff Advisory Committee up to December 2006, irrespective of whether the risk was good or bad. The industry was partially detariffed on January 1, 2007, but the regulator restricted the discounts insurers could give to minimise the dangers of an irrational price war.
Pulling the plug on inflated medical insurance claims, the Armed Forces Medical College, Pune has brought out a first-of-its-kind standard treatment guideline that specifies the average treatment cost for 35 common diseases.
FII holding in top listed firms at 10-year high as retail investors, domestic institutions & funds scale down presence.
Credit Agricol (CA), the second-largest French bank, is all set to enter the Indian insurance and asset management business.US-based middle market focused investment bank Jefferies Group, which opened its representative office in New Delhi last month, plans to enter the institutional brokerage and asset management business in India.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
The new draft guidelines issued by IRDAI proposes a minimum sum assured of Rs 50,000 and a maximum of Rs 5 lakh. A General Insurance Council official said the guidelines were still being worked on and would only be finalised next week.
The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.
'The government is abdicating its responsibility on healthcare.' 'Just to start this scheme, it will take a minimum till October 2018 and elections are coming in 2019, so before that this can go into the dustbin.'
Getting unsolicited offers from banks for credit cards, loans etc? Do you know what action can you take against erring banks? Here's what the Reserve Bank of India advices to customers harassed by such offers.
Prudential ICICI's managing director, Shikha Sharma, talks about how the journey has been so far and also why she thinks unit-linked insurance plans are the best allocators of long-term funds.
Medical insurance policies have caps on expenses made under different heads. Some help on how they work.
The Union Budget is not everyone's cup of tea. But here's how you can make it yours.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
The presidential dreams that the veteran leader from Delaware had harboured since childhood seemed all but over for a third time until he won South Carolina's Democratic Party primary on February 29 last year, forcing most rivals out of the race and making one of the most dramatic comebacks in American political history.
While buying a policy a customer should make sure s/he reads the terms and conditions very well. That is important because whatever is in the policy determines what the company is liable to cover.
You may have bought a unit-linked policy without really checking it out, but you can still make it work for you.
Financial services companies are partnering B-schools to design industry-specific courses.
This is an initial assessment, but the actual loss to insurers will be known after the fire is completely doused and claims start pouring in.
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