Page 4 - Health Insurance Policy
IRDAI permits insurers to sell short-term Covid policies till Mar 2022
Regulator IRDAI on Monday allowed insurers to continue selling and renewing short-term Covid specific health insurance policies till March 2022.
 "IRDAI permits insurers to sell short-term Covid policies till Mar 2022")
Max Bupa Health rebrands to Niva Bupa; aims total biz of Rs 2500 cr in FY22
Standalone health insurance player Max Bupa Health Insurance Friday announced that it has rebranded itself as Niva Bupa and said it is targeting a total business of Rs 2,500 crore in fiscal 2021-22. The rebranding exercise comes after the exit of Max India from the company in 2019 and the entry of private equity firm True North. International healthcare company Bupa Group is the other joint venture partner of the health insurer. "Following the shareholder transition of Max Bupa from Max India to True North in 2019, we are now ready with our new brand identity as Niva Bupa. We will continue to maintain strong growth in the market and aims to become Rs 2,500 crore (total business) company by FY21-22, the insurer's managing director and CEO Krishnan Ramachandran said. In fiscal 2021, the insurer's total business stood at Rs 1,751 crore. The company is opening around 52 offices. It has 13 bank partners, including Axis Bank and HDFC Bank, Bank of Baroda and Federal Bank. Ramachandran
 "Max Bupa Health rebrands to Niva Bupa; aims total biz of Rs 2500 cr in FY22")
Allow life insurers to sell pension-based health policies: HDFC Life chief
Regulators should allow the life insurance firms to sell pension and indemnity based health policies, as it will lead to greater penetration of insurance, HDFC Life chairman Deepak Parekh said
 "Allow life insurers to sell pension-based health policies: HDFC Life chief")
Unhappy with insurer's response to your Covid claim? Move the ombudsman
If your complaint has merit, the ombudsman, which is decidedly consumer-centric, could rule in your favour
 "Unhappy with insurer's response to your Covid claim? Move the ombudsman")
Policies covering pre-existing diseases from day 1 reduce anxiety
Watch out for limited sum insured in such covers
 "Policies covering pre-existing diseases from day 1 reduce anxiety")
Policybazaar.com sells 400,000 health policies in April-December 2020
Covid-19 pandemic and increased awareness about health plans, along with factors such as flexible payment options and availability of higher sums insured created a surge in demand
 "Policybazaar.com sells 400,000 health policies in April-December 2020")
Consumers gravitating towards higher sum insured in health policies
Covid drives awareness of need for health insurance, consumers also buying plans in the range of Rs 25-50 lakh
 "Consumers gravitating towards higher sum insured in health policies")
Need to expand health insurance to include outpatient care: Irdai chairman
In light of the Coronavirus (Covid-19) pandemic, health insurance has seen a surge in demand from consumers
 "Need to expand health insurance to include outpatient care: Irdai chairman")
Family matters: Be clear if your employer's group health plan covers them
With a pandemic raging, you must buy your own personal health cover for your family to supplement the group cover
 "Family matters: Be clear if your employer's group health plan covers them")
Health insurance: Irdai issues guidelines on wellness, preventive measures
Steps shall help achieve the desired objective of maintaining and improving good health and enabling affordable health insurance
Sales of Corona Kavach health insurance policies on rise: Max Bupa
"The initial response for Corona Kavach plan has been encouraging and we are selling between 200-300 policies every day," Ramachandran said
 "Sales of Corona Kavach health insurance policies on rise: Max Bupa")
Tips on buying a health insurance policy for parents in the time of Covid
Buy as soon as possible, as increase in age not only pushes premiums up, it also comes with restricted coverage to diseases
 "Tips on buying a health insurance policy for parents in the time of Covid")
What you need to know about Arogya Sanjeevani health insurance policy
Launched by Irdai, the plan's main objective is to make insurance more accessible, affordable and less confusing for policy buyers
How to claim income tax deduction for investments made in April - July 2020
One of the key points to note while accounting for these investments made from April to July is that a deduction once claimed in FY20 on an investment made, cannot be claimed again for FY21
 "How to claim income tax deduction for investments made in April - July 2020")
Irdai sets up panel to suggest insurance products related to use of drones
It also noted that drones are playing a significant role in the current Covid-19 situation, assisting various authorities in several activities
 "Irdai sets up panel to suggest insurance products related to use of drones")
Benefit-based Covid product to be priced higher than the indemnity one
The insurance regulator has revised its guidelines around the standard cover for the third time
 "Benefit-based Covid product to be priced higher than the indemnity one")
Benefit-based Covid product to be priced higher than the indemnity one
The insurance regulator has revised its guidelines around the standard cover for the third time
 "Benefit-based Covid product to be priced higher than the indemnity one")
A snapshot of various health insurance schemes
A comparison of the health plans offered by various insurers
Irdai issues guidelines for standardisation of indemnity health products
Policyholders can cancel their policies at any time by giving a 15 days' notice to the insurer and the company has to refund premium for the unexpired policy period
Arogya Sanjeevani: A straightforward, reasonably priced health plan
If you already have an insurance policy, opt for super top-up to enhance the sum assured
