The premium paid for insurance policies purchased between October 12, 2020 and March 31, 2021 by central government employees will be eligible for reimbursement under the LTC cash voucher scheme.…
Digit Insurance has introduced its latest offering under Digit’s Illness Group Insurance that will protect an individual against hospitalization bills arising out of COVID-19 and 7 Vector-borne diseases like dengue,…
A coronavirus-focused health insurance plan called 'Covid Shield +' was launched by Edelweiss Tokio Life Insurance recently. It combines a critical illness benefits and a term cover. The plan has…
West Bengal chief minister extended the benefits of the state health insurance programme Swastha Sathi, which offers cashless treatment benefit up to Rs 5 lakh in private hospitals per family,…
Insurance companies have settled less than 50 percent of the claims of nearly Rs 8,000 crore raised so far by COVID-19 patients. Around 5.18 lakh insurance claims worth Rs 7,973…
The data compiled by the General Insurance Council shows that general insurers are yet to settle and payout 57 percent of the COVID-19 claim amount. According to the data, general…
Central government has floated a request for proposal to appoint an actuarial firm to calculate the embedded value of the life insurance behemoth. "In view of the recent announcement by…
Life Insurance Corporation of India launched its first Digital Application, “ANANDA”, an acronym for Atma Nirbhar Agents New Business Digital Application, recently. The Digital application is a tool for the…
IRDAI is exploring at prohibiting the use of critical illness policies as collateral against housing or vehicle loans. It's a common practice to have a life insurance or…
On November 23, 2020, the IRDAI has notified the IRDAI (Minimum Information Required for Investigation and Inspection) Regulations, 2020. The Notification will come into force from May 24, 2021.…