IRDAI

Insurance Companies Alerted About Fake Motor Insurance Policies

Insurance Companies Alerted About Fake Motor Insurance Policies

Companies alert on fake motor insurance Companies have become cautious about the rapidly increasing fake insurance policies. Many a times, insurance policies of two-wheeler segment are issued fraudulently to high class vehicles. This makes a big difference between the premium payable to the company and the premium marked in the soft copy. Method of fraud …

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Health Insurance Premium Will Be Expensive in The New Year

Health Insurance Premium Will Be Expensive in The New Year

In the new year 2022, private hospitals are preparing to increase the treatment and package charges by up to 10 percent, which will also affect your health insurance premium. The increase in hospital charges will have more impact in the group insurance premium that is renewed every year and insurance companies will increase the group …

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INSURANCE

Want to Take Health Insurance Cover for Your Parents During COVID-19? Here are the Options

The COVID 19 is wreaking havoc in India. Not only physically and mentally, but financially too. Medicines and oxygen are costing much more, and hospitalization expenses too have gone up manifold. We have been getting many queries on how insurance cover can be increased or taken, especially for parents. Those in formal employment may have …

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INSURANCE

Checking into a Hotel for COVID-19 Treatment? Here’s How You Can Claim Reimbursement from Your Insurer

If hospitals running short of beds and you have tied up with hotels to act as depending on the facilities available, patients could get access to doctor visits, nursing services, monitoring and even oxygen support at such hotels. In fact, a few state governments, too, have converted some hotels into temporary COVID-19 care facilities. [ihc-hide-content …

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IRDAI

IRDAI issues guideline for Standard Domestic Travel Insurance Product

Insurance Regulatory body Irdai issued guidelines for insurers for a standard domestic travel cover — Bharat Yatra Suraksha — which will be launched on July 1. Insurers have been allowed to determine the premium, which will be one-time payment made before the commencement of travel. Insurance companies will be allowed to launch five variants under …

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Insurance Ombudsman Rules Amended for Better Resolution of Policyholders’ Complaints Regarding Insurance Service Deficiencies

The Government on 2nd March 2021 notified comprehensive amendments to the Insurance Ombudsman Rules, 2017, with a view to improve the working of the Insurance Ombudsman mechanism to facilitate resolution of complaints regarding deficiencies in insurance services in a timely, cost-effective and impartial manner.