IRDAI has said that HIV-positive individuals cannot be denied insurance cover, unless supported by actuarial studies. The regulator has asked insurers to stop discriminating against persons with HIV/AIDS. IRDAI has…
The steep rise in the cost of treatment and growing awareness have led to an increase in the average sum insured under retail health insurance policies. The average sum insured,…
Insurers are working on health policies that will cover mental illnesses, but these could take at least six months to hit the market. Currently, there are no policies that cover…
Reliance Health Insurance has received the final go- ahead from the Insurance Regulatory and Development Authority of India (IRDAI) to begin operations. “Reliance Health Insurance, a wholly owned subsidiary of…
Apollo Munich Health Insurance has been witnessing good response to its new cancer-specific plan, iCan, which was launched about a couple of weeks ago. “We did a soft launch last…
Prime Minister Narendra Modi launched its ambitious 'Ayushman Bharat Scheme' in Jharkhand. "This will be the world's biggest health insurance scheme in the world and will benefit more than 50…
In a comparison of costs of cardiac treatment across 7 Asian countries has revealed that most procedures were more expensive in India than in South Korea, a country with a…
Global ratings agency Moody's termed the Ayushman Bharat Scheme as credit positive for insurers as it will help grow health premiums and provide insurers with cross-selling and servicing opportunities. However,…
WestBridge Capital and Madison Capital a consortium of private equity firms have teamed up with Rakesh Jhunjhunwala, a well known investor to acquire private health insurer Star Health in a…
IRDAI has removed around 10 items, including procedures such as dental, stem cell, infertility and psychiatric treatment, from the list of "optional cover" for health insurance. IRDAI in a notification…