Working towards 100% cashless settlement: IRDAI
IRDAI is working with players in the health insurance ecosystem to ensure 100 per cent cashless settlements for medical expense claims, which will eliminate the need for filing claims, said…
ManipalCigna Health Insurance targets Rs. 1,000 crore biz in South in 2 years
ManipalCigna Health Insurance is looking to double its business to Rs. 1,000 crore GWP (gross written premium) in the next two years in the southern region. With robust growth from…
PSU insurers review plans of captive health TPA
Public sector insurers are relooking at their investment in Health Insurance TPA of India, a captive services company, for its inability to meet objectives. Sources said a committee comprising former…
Dr Shetty’s Narayana group to enter health insurance biz
Cardiac surgeon Dr Devi Shetty’s Narayana Health group has sought a license from IRDAI for a health insurance business. The group has set up Narayana One Health, and roped in…
Under PMJAY, Rs. 6.9 crore paid for treatment of ‘dead’ patients: CAG
Flagging irregularities in the audit of the Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (PMJAY) health insurance scheme, the Comptroller and Auditor General of India (CAG) has said that…
Ayushman health insurance: Private players outbid PSU firms to bag 2 states
Amid reports about fake accounts in Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), the government’s flagship health insurance scheme, two private sector general insurers have outbid public sector general…
Final decision over health fraud vests with states
The CAG's performance audit report, tabled in the Lok Sabha recently, revealed multiple cases under the scheme, providing treatment for patients who had already been declared dead, as well as…
Prudential plans health insurance venture in India
London-based Prudential is looking to set up a health insurance venture in India. The company, which is in a partnership with ICICI Bank for its life insurance and asset management…
Health cover sales up in rural areas
Sale of health insurance policies in semi-urban and rural markets is increasing with private insurers seeing a spike in the number of people opting for such covers. Rising cost of…
General insurers bet on health, insurtech to drive growth in 2023
For the general insurance industry, 2022 was a year of regulatory changes, innovation and the rise of insurtech and health-based intermediaries. Going into 2023, the focus will be on growth…