IRDAI advises Insurers to fix Covid-19 treatment rates
IRDAI has advised general and health insurers to have agreements with health providers on rates for treatment of Covid-19 on the lines of other diseases. In a circular, the regulator…
CYBER ATTACKS HAVE INCREASED MANIFOLD: SITUATION TURNED ALARMING
Pandemic-enforced mindset has changed the insurance landscape. Enforced lockdowns or restricted movements in India have pushed consumers to begin looking digitally for insurance solutions that may not have been there…
Theft is on the rise during COVID-19: 3 crime risks to watch
The halting of economic activity and rapid shift to remote work amid the COVID-19 pandemic has hurt businesses in many ways. State-mandated closures, disrupted supply chains, and stressed IT infrastructure…
Impact of COVID-19 on General Insurance sector in India and the way forward
Introduction: On December 8, 2019 the first pneumonia case of unknown cause was found in Wuhan, China. It was later identified to be caused by a new coronavirus and the…
Vaccination plan will cover 30 crore
The Covid-19 vaccination roadmap, prepared by the National Expert Group on Vaccine Administration, is ready and would cover 30 crore people once the national drug regulator gives emergency use authorisation…
Health Insurance Landscape: Before & Beyond 2020
‘Pandemic providing more opportunities than challenges in Health Insurance Segment.’ Health overtakes Motor: Year 2020 will forever be remembered as a decisive, dreadful & most disruptive time in the history.…
Max Life Insurance hires 2,000 executives via digital medium during COVID-19
Max Life Insurance said it has hired over 2,000 executives during the first half of this fiscal in midst of the COVID-19 pandemic. By efficiently digitizing its recruitment and onboarding…
Life insurers register 32% increase in new business premium income
Life insurers reported a 32 per cent jump in new business premiums (NBP) in October, helped by healthy growth in single premiums and group non-single premiums. This comes after the…
50% claims out of Rs. 8,000-crore Covid claims filed so far have been settled
Insurance companies have settled less than 50 percent of the claims of nearly Rs 8,000 crore raised so far by COVID-19 patients. Around 5.18 lakh insurance claims worth Rs 7,973…
57% of COVID-19 claim remains unsettled
The data compiled by the General Insurance Council shows that general insurers are yet to settle and payout 57 percent of the COVID-19 claim amount. According to the data, general…