Page 24 - Health Insurance

Hike in health premiums of products imminent: IFFCO Tokio MD & CEO

Anamika Roy Rashtrawar delves on raging issues in the general insurance sector such as high claims in the health segment and motor insurance returning to a growth path

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 rebrands itself as Niva Bupa, stops using 'Max' brand name

Max India, which owned 51 per cent in the insurer sold its stake to True North in February 2019 for Rs 510 crore

Health policy: Out-of-pocket cost jumps as consumables' share in bill rises

Consumables are usually, but not restricted to, medical aid/equipment that have to be discarded after use

A snapshot of health insurance policies premiums offered by various firms

Here is how the health insurance premium rates with super top-ups stack up

Port if health insurance policy premium starts to pinch, say analysts

The best way to save on cost of term insurance is to enter at an early age

Health and term insurance price index rose marginally in Q2CY21: PolicyX

Insurance sector as a whole is seeing elevated stress levels following a spike in Covid-related claims that many companies had not factored in

A snapshot of health insurance policies premiums offered by various firms

Here is how the premium rates of insurance policies offered by various companies stack up

Ensure you get continuity benefits when porting your insurance policy

Don't select new policy based on price alone; look for old one's shortcomings

IRDAI allows home treatment as add-on cover in health insurance

Norms for settlement of claims should be mentioned in the policy document and prospectus: IRDAI

Time to rethink your insurance options

Never choose a health insurance policy based on how low the premium is. That is the least of the considerations.

Navi General gives customers option to buy health insurance through EMIs

Customers can purchase health insurance at monthly installments of as low as Rs 240 per month.

A snapshot of health insurance policies premiums offered by various firms

Here is how the health insurance premium rates offered by various firms stack up

ESIC to cover casual, contractual employees of municipal bodies

The Employees' State Insurance Corporation (ESIC) is set to extend benefits of its health insurance cover to all casual and contractual workers at municipal bodies

Here's how you can take charge of family's finances after spouse's death

File insurance claims, repay loans, and synchronise investment portfolio with altered risk profile

Tiger Global leads $15.6 mn round in health insurance startup Plum

Tiger Global's investments this year have helped Cred, Innovaccer, ShareChat and other companies to become unicorns.

Insurance startup Plum raises $15.6 mn Series A funding led by Tiger Global

Group health insurance startup Plum said on Monday it has raised a USD 15.6 million Series A led by Tiger Global with participation from earlier investors Sequoia Capital India's Surge, Tanglin Venture Partners, Incubate Fund and Gemba Capital. Angel investors in this round include Kunal Shah (founder, Cred), Gaurav Munjal, Roman Saini and Hemesh Singh (founders of Unacademy), Lalit Keshre, Harsh Jain and Ishan Bansal (founders of Groww), Ramakant Sharma & Anuj Srivastava (founders of Livspace), and Douglas Feirstein (founder of Hired). Bengaluru-headquartered Plum raised USD five million in earlier rounds last year. With over 600 organisations on-boarded, Plum said in a statement it has been witnessing a growth rate of 110 per cent quarter-on-quarter. Its client base includes SMEs, corporates and 'fast- growing' startups in India, including Groww, Unacademy, Twilio, CleverTap, UrbanLadder, smallcase and Simpl, the statement said. The funds raised will be used to ..

To use artificial life support, or not to

Throw in the financial consequences and you know that your loved ones will be under tremendous pressure if they have to make this decision

A snapshot of health insurance policies premiums offered by various firms

Here is how the premium rates of insurance policies offered by various companies stack up

Ashok Leyland offers life, health insurance of Rs1 lakh to channel partners

An estimated 15,000-20,000 people are likely to be benefited by this initiative, the company said