Punjab, Haryana, and Himachal Pradesh account for over Rs 74 crore in fraudulent claims, prompting stricter enforcement measures. Massive Insurance Fraud Detected in Ayushman Bharat Scheme The Ayushman Bharat Pradhan…
Rising Rejections and Repudiations In FY 2023-24, health insurance companies in India disallowed and repudiated claims worth ₹26,000 crore, marking a significant 19.10% increase from ₹21,861 crore in FY23. This…
Dr. J. A. Jayalal, President of the Commonwealth Medical Association (CMA), raised critical concerns about the Indian healthcare system during an event hosted by the Indian Medical Association (IMA) in…
Star Health and Allied Insurance Company, headquartered in Chennai, has launched "Super Star," a retail health insurance product aimed primarily at Millennials. This product is designed to offer affordability, flexibility,…
Medical Inflation and Enhanced Coverage Drive Rising Claims Key Highlights: What: Health insurance claims have surged over 30% in the past three years due to higher medical costs and increased…
The average health insurance claim in India has surged by more than 30% in the past three years, primarily due to rising hospital treatment costs and enhanced health cover options…
India's insurance sector is witnessing significant changes in claims patterns across health, motor, and term insurance segments. These trends highlight the evolving dynamics of consumer behavior, regional disparities, and the…
Star Health Insurance has unveiled an innovative CSR initiative, ‘Star Arogya Digi Seva’, to improve rural healthcare access in collaboration with the Center for Chronic Disease and Control (CCDC). The…
Public sector giant New India Assurance has emerged as the top performer in health insurance claims settlement for the financial year ending March 31, 2023, according to the General Insurance…
Revolutionizing Healthcare Affordability and Accessibility through Technological Synergy Key Highlights: FinTech and HealthTech Integration: India is witnessing a growing convergence of financial technology (FinTech) and healthcare technology (HealthTech), addressing longstanding…