Page 28 - Health Insurance

Private health insurers offering 80-100% discounts on renewal premia

Most health insurance provides no-claim bonus for claim-free years but that usually ranges from 25 per cent to 50 per cent

Irdai asks insurers to bring standard accident cover from Apr

The insurance regulator has asked general and health insurance providers to provide standard personal accident cover products

Health insurance companies get over 900K Covid-19 claims, settle 84%

Overall, the insurers have settled almost 84 per cent of the claims in terms of the number of claims, and 52 per cent in terms of the amount of claims

Irdai launches standard personal accident cover, max Rs 1 cr sum assured

General and standalone health insurers will have to offer product from April 1, full claim payable on death with 12 months of accident date, even after the end of policy period

Choose hospital cash benefit plan, cut your out-of-pocket spend

This is a supplement to and not a substitute for the regular hospitalisation cover

Retail health continues to shine as motor and crop insurance slide

Till January, the health insurance segment has grown 14.59 per cent to Rs 48,501 crore

Future Generali launches health product with 80% discount on no-claim

General insurer Future Generali has launched a health product offering 80 per cent flat discount on the premium on renewal if there was no claim in the previous year. The health super saver policy offers a straight 80 per discount on the premium on renewal in the second/third year in case there was no claim in the previous year, said Anup Rau, managing director & chief executive of Future Generali India Insurance, which has over 3 lakh health insurance customers. The company is offering the new product in two variants--1X and 2X-- under which the former provides a 80 per cent discount on the premium in the consecutive year in case the first year was claim-free and the later offering 80 per cent more coverage for the family members on an individual sum insured basis. This product also covers a one-day-old infant to a senior citizen who is 70. * * * * * GMR Kannur Duty Free Services launches outlet * GMR Kannur Duty Free Services Ltd (GKDFSL) on Thursday launched its first duty .

Policies covering pre-existing diseases from day 1 reduce anxiety

Watch out for limited sum insured in such covers

Insurers remain divided over Covid-19's status as 'pre-existing condition'

Anything that increases the risk for insurers will call for either a repricing or refusal

General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report

While state-owned insurers' losses rose 1.12% to Rs 18,741 cr, those of private insurers were up over 26% to Rs 3,647 cr

Non-life insurers record 6.7% growth in gross premiums in January

This comes after a double-digit growth in premiums in December and low single-digit growth in November, preceded by contraction in September and October

Unable to get health cover? Buy a standard vector-borne disease insurance

Standard policy will make price comparison across insurers easy

UnitedHealth Group names former Glaxo CEO Witty to lead company

UnitedHealth Group is promoting former GlaxoSmithKline leader Sir Andrew Witty to become the health insurance provider's next CEO immediately.

Low demand for health insurance plans among senior citizens during pandemic

Share of policies bought by the elderly aged 60-80 years stands at 15%, compared with 45% share of those aged 18-40 years

ESIC beneficiaries to get health services in all districts from April 1

Employees' State Insurance Corporation (ESIC) insured persons (IPs) would get access to health services under the ESI scheme in all 735 districts of the country from April 1, an official said

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

Biden to reopen online health insurance marketplace, ease Medicaid rules

Biden has vowed to restore full access to the healthcare.gov site, which provides a way to get to a federal exchange offering healthcare insurance

Senior citizens: Strike a balance between tax saving and liquidity

They must also maximise the utilisation of the higher deductions available to them

Tax benefit on health insurance policy varies based on family size

Amount of insurance purchased should, however, depend on your requirement, and not just the tax benefit

IRDAI sets up panel to examine availability of health insurance products

Irdai set up a panel of experts to examine the availability of health insurance products in the country considering the need of the Indian society and recommend suitable products and processes.