HDFC ERGO launches new health insurance product
HDFC ERGO expanded its health insurance portfolio with the launch of ‘Group Critical Illness Insurance’ policy, which covers the entire family or employees under one umbrella of protection. Unlike a…
Group health insurance premium to see a rise
Group health insurance premiums may rise as IRDAI investigates disclosure to end subsidisation by lone payers. The increasing cost of medical insurance had obligated companies to surge premiums in…
Co-payment in health insurance only after netting hospital discounts: Irdai
The Irdai had recently notified that in health insurance policies with co-payment or the deductible conditions, the insurer or the third party administrator (TPA) should ensure that the co-payment…
Capital requirement for health insurance ventures to be slashed by 33%
The Insurance Regulatory and Development Authority of India (Irda) is on the mind of reducing the capital requirement for setting up a standalone health insurance company by as much as…
Cancer insurance acquires a key position in the health market
“Cancer insurance is going to be an important segment for the healthcare insurance market and a niche insurance product because of rising awareness of cancer risks and the increasing…
IRDAI moots radical changes in health insurance
The regulator is planning massive changes in health insurance, which include more incentive for healthy policy holders and a level playing field for life and non-life insurers, among other.…
West Bengal leads in Rashtriya Swasthya Bima Yojana
West Bengal has turned out to be the best performer in the Rashtriya Swasthya Bima Yojana (RSBY).Chief minister Mamata Banerjee has tweeted that Bengal has the highest number of active…
Pre-existing diseases to get coverage from 5th year
The General Insurance Council has given a uniform definition for pre-existing diseases. These get covered from the fifth year of the policy. But still the insurance companies and their…
Half of the world’s rural population has no healthcare access: ILO
A recent ILO report has revealed that more than half of the world's rural population (56 per cent) does not have access to healthcare facilities compared with 22 per cent…
A single-premium health cover for wider reach
Insurance Regulatory & Development Authority of India (IRDAI) is on the verge of drawing frameworks to widen and expand the insurance penetration in the health segment. In this move the…