Health insurance consumers will be able to change their service providers from Monday, as the insurers are finally ready with the long-awaited portability norm.

Health insurance portability from Monday

Business Standard

There are so many riders available on life covers.

Life Insurance: Deepak Sood

Involuntary job losses due to the slowdown would be covered under a comprehensive policy.

Insurers keen on job-loss covers

With insurers now listing old ailments as permanent exclusions, it may be better to stay with existing insurers; group insurance plans could also be looked at.

Pre-existing pains for new policyholders

The Insurance Regulatory and Development Authority (Irda) wants all pension products to do exactly what they are expected to do &mdash; provide pension to policyholders.

Irda wants annuity a must with all pension plans

As part of its expansion plans, Edelweiss Tokio Life Insurance Company Ltd (ETLICL) is planning to open 33 new branches at select locations across the country, including 14 in Maharashtra, by December 2012. The company just opened its new branch in Nashik.

Edelweiss Tokio plans 33 new branches by Dec' 12

Discontinued plans could face caveats, higher premium from companies.

Road to revival for Ulips

Until portability was allowed for health insurance, customers were wary of shifting to a new insurer, even if they were unsatisfied with the existing one. The fear was the loss of accumulated loyalty benefits or having to begin the waiting period for existing diseases afresh. But now, with the option of health portability in place, they can right their wrongs. However, it would be wise to keep a few factors in mind before shifting to another insurer.

Get the right health insurance cover under portability

Insurers are particular about a few criteria when providing a cover.

Check before insuring your house

I, 65, want to buy a life insurance policy because I have a six year-old grandson to look after. My son and daughter-in-law are no more and I don't have any policy.

Life Insurance: V Philip

The ghost of commercial third-party motor pool losses is back to haunt general insurance companies. Based on an independent report by the actuary of UK government, the Insurance Regulatory and Development Authority (Irda) may increase the reserve or provisioning requirement for the third-party commercial motor portfolio of general insurance companies from 153 per cent to 175 per cent. If implemented, this would result in the industry taking a hit of &#39;10,000 crore.

Third-party motor pool provisioning to be raised

Private insurer IndiaFirst Life Insurance on Tuesday launched money balance plan that offers life insurance cover an additional benefit to earn and secure returns on the invested money. &quot;Our IndiaFirst Money Balance Plan offers an insurance cover on your life and additionally helps you earn and secure returns on the money that you invest with us.

IndiaFirst launches IndiaFirst Money Balance Plan

Press Trust of India

Irda to create a database that will help insurers tap into the claim history of drivers.

Soon, safe driving will pay

Private sector general insurer HDFC Ergo is likely to see a capital infusion of around Rs 80 crore in the next one-and-a-half years to support business growth.

HDFC Ergo sees capital infusion of Rs 80 cr

Under a mediclaim policy, the insurance company is required to reimburse the cost of hospitalization and treatment. What happens when the follow-up treatment after discharge requires use of expensive medical equipment? Is the insurance company liable to reimburse the cost of the equipment? Yes, says a significant ruling of the Delhi State Commission.

Insurers liable to pay for life-saving equipment

The country&rsquo;s largest life insurer, which reported a 10.3 per cent rise in net actuarial surplus at Rs 22,716 crore for 2010-11, compared to Rs 20,586 crore in the previous year, allocated Rs 21,580 crore for paying annual bonus to policyholders.

LIC increases bonus after two years

Life Insurance Corporation of India is set to offer up to six per cent annual return on Pension Plus, its unit-linked pension product.

LIC to give 6% annual return on Pension Plus

Draft norms reduce investment ceiling from 25% to 5%.

Irda to slash exposure to promoter companies

In a move that may further dent sales of unit-linked life insurance plans (Ulips), the Insurance Regulatory and Development Authority (Irda) is set to scrap the highest Net Asset Value (NAV) guarantee products.

Curtains on highest NAV guarantee cover plans

Health insurance portability to be limited to non-life insurers.

Pay higher premium for lower cover

In a bid to ensure higher volumes, New Pension Scheme (NPS) fund managers have told the Pension Fund Regulatory and Development Authority (PFRDA) that they should be allowed to use their respective distribution networks (mutual fund agents) to sell the pension plan.

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