Page 6 - Health Insurance

LIC to announce acquisition in health insurance firm by Mar 31: CEO Mohanty

LIC MD & CEO Siddhartha Mohanty said a decision on acquiring stake is likely by March 31, but he didn't disclose the health insurer's name

Choose critical illness insurance to avoid economic strain in emergencies

Critical illness insurance products offer financial protection against specific life-threatening conditions such as cancer, cardiovascular diseases, and strokes

Slowdown in health and motor segment drag non-life premiums in Feb

According to General Insurance Council data, general insurers, who operate in multiple business lines, witnessed about 5 per cent YoY drop in premiums to Rs 17,399.3 crore in February

Health insurance: Choose policy with guaranteed bonus, unaffected by claims

While premiums may rise over time, a good bonus-linked policy lowers the per lakh cost of sum insured

Start finance journey with life & health insurance: Nithin Kamath

Health and life insurance are foundational elements of financial security-they protect against medical emergencies and provide long-term stability for families

Ahmedabad hospitals to suspend cashless facility for 3 health insurers

AHNA exploring tie-ups with financial institutions to offer cashless payment alternatives for affected patients

Buying health insurance for senior citizens: How to lower your premium?

Seniors should note to check and compare the current premium rates of different insurance providers. This review will help them understand if their insurance provider levies unreasonable premiums

With health insurance premiums rising, here's how policyholders can save

While some policyholders face sharp hikes, many find ways to manage costs by switching plans or opting for features that reduce long-term expenses

Multi-year health insurance policy sales dip as agents' commissions drop

Irdai's new accounting norms for premium reporting has resulted in insurers revising commissions on multi-year health policies

Rising health insurance costs force one in 10 policyholders to skip renewal

Insurance companies say that rising claims are the main reason behind the price hikes

Health premium per policy up 73% since Covid-19, total sum assured up 240%

Turtlemint's data shows that in Tier 2 and Tier 3 cities, premium per policy has increased by over 73% since 2020

Pollution surge in Delhi may drive up health insurance costs by 10-15%

To implement such a change, insurers must first submit evidence to Irdai demonstrating a direct correlation between toxic air and increased health insurance claims

Maternity coverage a crucial part of health insurance for younger women

With each delivery costing Rs 50,000 - Rs 2.5 lakh, maternity coverage is key in such plans, besides reproductive health issues, menopause, and women-specific diseases

Bima-ASBA: New UPI payment mechanism for insurance premiums launched

It allows policyholders to block funds in bank accounts via UPI, ensuring a smoother transaction process without immediate debits

Plum to invest $6 mn over next 2 yrs to enter personal insurance segment

The company aims to simplify and democratise access to health coverage for individuals

Public sector general insurers post combined profit of Rs 1,066 cr in Q3

Public Sector General Insurance Companies (PSGICs) have achieved financial turnaround in the December quarter, posting a combined profit of Rs 1,066 crore on the back of various reforms by the finance ministry. Public sector general insurance companies (PSGICs), that historically reported losses, witnessed a major turnaround with all of them becoming profitable again, the finance ministry said in a statement on Thursday. While Oriental Insurance Company Ltd (OICL) and National Insurance Company Ltd (NICL) started posting quarterly profits from Q4 of 2023-24 and Q2 of 2024-25, respectively, United India Insurance Company Ltd (UIICL) posted profit in Q3 of 2024-25 after a gap of seven years, it said. Notably, New India Assurance Company Ltd (NIACL) has consistently maintained its position as a market leader and has been making profits regularly, it said. New India Assurance Company recorded nearly 51 per cent drop in net profit to Rs 353 crore for the third quarter of the current ...

Over 650K families may benefit if Delhi joins Ayushman Bharat cover

According to a parliamentary response by the Union Health Ministry in 2023, around 6.5 lakh families in Delhi are eligible

UK-based Bupa likely to increase stake in Niva Bupa Health Insurance

Finance Minister Sitharaman recently announced a hike in FDI limit in insurance sector from 74% to 100%

Health insurance for elderly; luxury gifts: Top personal finance stories

Our newsletter this week has stories on why health premiums for senior citizens are rising and how couples are celebrating Valentine's Day

Health insurance for senior citizens is expensive: Here's what they must do

Those who find premiums unaffordable should go for a plan with deductibles