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INSURANCE NEWS
GST on health insurance needs to be reduced: IFFCO Tokio's Subrata Mondal
Fri, Nov 22, 2024     Source : Business Standard
Mondal discussed the future plan of the companies along with the emerging challenges for the sector
INSURANCE NEWS
Galaxy health insurance offers extensive benefits for surrogacy and fertility treatments
Tue, Nov 19, 2024     Source : Mint
Health Insurance: Galaxy Health Promise Signature Plan covers a host of treatments from surrogacy to oocyte donor expenses and organ transplantation.
INSURANCE NEWS
Ayushman Vay Vandana card sees 10 lakh+ enrollments in 3 weeks: How to apply, benefits
Mon, Nov 18, 2024     Source : Mint
The Ayushman Vay Vandana Card has seen over 10 lakh enrollments from seniors aged 70 and above, with four lakh women applicants.
INSURANCE NEWS
New surrender value norms: Life insurers turn to policies with high value
Sat, Nov 16, 2024     Source : Business Standard
Despite the fall in number of policies, the new business premiums of life insurers grew in double digits
INSURANCE NEWS
Multi-year health cover offsets rising premiums
Sat, Nov 16, 2024     Source : Business Standard
A no-claim bonus (NCB) in a multi-year plan works the same way as in annual policies. Most insurers offer an increment to the sum insured if no claims are made during the policy year.
INSURANCE NEWS
TVS' Srinivasan, Star Health founder launch health insurance product
Sat, Nov 16, 2024     Source : Business Standard
Plan allows customers to make multiple claims within same policy year
INSURANCE NEWS
Will my old disease be covered if the cured period is over three years?
Fri, Nov 15, 2024     Source : Mint
The waiting period for pre-existing diseases begins from the date the policy starts, not from the date when the illness or condition was first diagnosed or treated.
INSURANCE NEWS
'Insurance coverage expansion to underserved segments can save govt $10 bn'
Thu, Nov 14, 2024     Source : Business Standard
The gross written premium of Indian insurance has exceeded $130 billion and grown at a CAGR of 11 percent, in the three-year period FY20-23, outpacing its Asian counterparts
INSURANCE NEWS
Health insurance tax relief coming soon?
Thu, Nov 14, 2024     Source : Economic Times
The GST Council will likely look at lowering the tax rate on certain insurance plans during its upcoming meeting in Rajasthan on December 21st and 22nd, according to a ToI report.
INSURANCE NEWS
‘High surrender value to have short-term negative impact’
Wed, Nov 13, 2024     Source : Financial Express
The industry focuses on products that offer guaranteed returns to higher-income segments, which is a very competitive space.
INSURANCE NEWS
Non-life insurers post 27.5% premium growth in October
Wed, Nov 13, 2024     Source : Business Standard
Data indicates that general insurers collected Rs 25,396.68 crore in premiums in October, reflecting a 23 per cent Y-o-Y increase
INSURANCE NEWS
LIC drags down life insurers' new business by 42% in Oct
Tue, Nov 12, 2024     Source : Economic Times
The life insurance industry reported a 42% plunge in individual new policies sold in October, mainly due to a 59.8% drop in Life Insurance Corp's policy count, while the private sector saw a modest 1.1% de...
INSURANCE NEWS
No plan to bring clawback clause, says LIC MD & CEO Siddhartha Mohanty
Tue, Nov 12, 2024     Source : Business Standard
LIC launched 32 products on October 1, 2024, as per the revised norms, and currently, the corporation has 35 products
INSURANCE NEWS
New biz premium of life insurers rises 13% in October, shows data
Mon, Nov 11, 2024     Source : Business Standard
According to a Nuvama report, growth dipped in October 2024 due to the 'increased surrender value' regulation kicking in, but still held steady
INSURANCE NEWS
Take private cover with Ayushman Bharat
Sat, Nov 09, 2024     Source : Financial Express
Senior citizens already covered under public health insurance schemes like the Central Government Health Scheme will have the option to either continue with their existing scheme or opt for AB-PMJAY.
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