Health insurers adopting co-payment model to cut costs
In a bid to ensure optimal utilization of benefits by policyholders, employers are increasingly resorting to co-payment, whereby up to 25 per cent of the claim amount will have to…
Get instant health claims authorisation by card swipe
Gone are the days when health insurance policy holders have to wait for their hospitals to get a claim authorization from the insurance company. Health insurance companies have come up…
Recall and legal action make insurers hesitant over auto, pharma liability covers
The insurance companies have become hesitant over selling product liability in the auto and pharma sector following a number of recalls by auto companies and legal action against Indian pharma…
Cabinet likely to set up disaster labs
The Cabinet Committee on Economic Affairs is likely to take up an Rs 600-crore proposal to establish a network of 107 laboratories, in the 12th Five-Year Plan (2012-13 to 2016-17), for…
Anil insurance arm focus on health
Reliance General Insurance Company has decided to focus more on health insurance as it believes that profit margins will be higher than motor insurance. The company has already announced a…
GIC to set up new TPA soon
Grappled with charges of poor service, delays and disputes with customers, a joint venture third party administrator (TPA) company, made up of four public sector general insurance companies and the…
Apollo Munich targets 25% increase in premium income in current fiscal
Apollo Munich Health Insurance Co Ltd, is targetting a 25 per cent increase in total premium income this fiscal taking it to Rs 775 crore, up from…
New India eyeing growth in health insurance business
The New India Assurance Co. Ltd is optimistic that its share of health insurance will account for 30 per cent of its total business in the next…
Maharashtra govt’s RGJAY health insurance benefits 70,000
Over 70,000 citizens got operated for free , thanks to the state government's healthcare scheme, the Rajiv Gandhi Jeevandayee Arogya Yojana (RGJAY) that completed a year. The…
India Inc seeks innovative staff healthcare options: Study
An ICICI Lombard Employee Benefit Survey has found that India INC is seeking innovative solutions for employee healthcare in an effort to cope up with the rising…