Standalone health insurers, however, see a 38% spike in collections on the back of heavy demand for health covers
The regulator has sought comments from all stakeholders on the matter by October 15
Here's how the premiums of various health insurance policies offered by various firms stack up
TCS at the rate of 5% imposed on money remitted outside India
IndiaSpend spoke to other families around India that struggled to get insurance claims paid for Covid-19 treatment
In the first five month of FY20, the firms had seen 14 per cent growth in premiums.
Life Insurers must aim to achieve a 13th month persistency of 90% within a year, says Irdai chairman
Those with pre-existing conditions should opt for ones that require medical screening
Insurers said while the situation had been manageable so far, going ahead, it would be a cause for concern
As regards the cost of treatment, the insurance aggregator said Covid-19 treatment may cost more than Rs 10 lakh in case of prolonged hospitalisation
They will need access to policy details in case of an eventuality
Health insurance products calculated based on historical data will get better information, says T L Alamelu
With a pandemic raging, you must buy your own personal health cover for your family to supplement the group cover
General insurers, 25 in all, saw their premium collection go up 5.57 per cent in August 2020 to Rs 13,139.63 crore, compared to Rs 12,445.83 crore in the same period last year
As many as 121,739 claims settled by insurers so far, amounting to Rs 1,165.81 crore, revealed claims data of General Insurance Council
Steps shall help achieve the desired objective of maintaining and improving good health and enabling affordable health insurance
Religare Health Insurance on Tuesday said it has re-branded itself as Care Health Insurance.
In January this year, RBI had allowed banks and NBFCs to complete full KYC remotely. A number of banks have rolled out this service since the RBI's nod
Industry rapidly scaled up digital services to help customers, say speakers at Business Standard webinar 'Insured and Safe'.
But the crisis has also brought in a new challenge for general insurance providers, with claims doubling every 30 days