Page 10 - Health Insurance

UnitedHealth Group names former Glaxo CEO Witty to lead company

UnitedHealth Group is promoting former GlaxoSmithKline leader Sir Andrew Witty to become the health insurance provider's next CEO immediately.

Low demand for health insurance plans among senior citizens during pandemic

Share of policies bought by the elderly aged 60-80 years stands at 15%, compared with 45% share of those aged 18-40 years

ESIC beneficiaries to get health services in all districts from April 1

Employees' State Insurance Corporation (ESIC) insured persons (IPs) would get access to health services under the ESI scheme in all 735 districts of the country from April 1, an official said

Policybazaar.com sells 400,000 health policies in April-December 2020

Covid-19 pandemic and increased awareness about health plans, along with factors such as flexible payment options and availability of higher sums insured created a surge in demand

Biden to reopen online health insurance marketplace, ease Medicaid rules

Biden has vowed to restore full access to the healthcare.gov site, which provides a way to get to a federal exchange offering healthcare insurance

Senior citizens: Strike a balance between tax saving and liquidity

They must also maximise the utilisation of the higher deductions available to them

Tax benefit on health insurance policy varies based on family size

Amount of insurance purchased should, however, depend on your requirement, and not just the tax benefit

IRDAI sets up panel to examine availability of health insurance products

Irdai set up a panel of experts to examine the availability of health insurance products in the country considering the need of the Indian society and recommend suitable products and processes.

Enter term insurance early, lock in the premium as delay means higher cost

The average term premium increases exponentially with age

Growth in health insurance segment slows as fear of Covid-19 subsides

Within health insurance, it was the retail segment that recorded impressive growth

PM to launch Ayushman Bharat scheme to cover all J&K residents

The scheme is to extend health insurance coverage to all residents of Jammu and Kashmir

PM to launch SEHAT, health insurance scheme for Jammu-Kashmir on Dec 26

Prime Minister Narendra Modi will launch the PMJAY - SEHAT scheme on December 26 for Jammu and Kashmir.According to the Department of Information and Public Relations, Government of Jammu and Kashmir, SEHAT scheme stands for Social, Endeavour for Health and Telemedicine, a health insurance scheme for the Union Territory. The department termed it a "historical moment" for the erstwhile state."Historic moment for J & K. Hon'ble Prime Minister Shri Narendra Modi is going to launch #SEHAT - "Social Endeavour for Health and Telemedicine " Health Insurance scheme for the entire J & K on December 26, 2020," the department wrote on Twitter.The Office of Manoj Sinha, Lieutenant Governor of Jammu and Kashmir, said that all inhabitants of the Union Territory will receive free cashless health cover up to Rs 5 lakhs."Historic moment for J & K. Hon'ble Prime Minister Sh. Narendra Modi will launch PMJAY- SEHAT scheme on 26th December 2020. All the inhabitants of J & K to get free ...

Premium should be less than 10% of sum insured on a senior's health policy

The average annual increase in a senior citizen's health cover should be 4-5 per cent

Star Health aims premium collection of Rs 10,000 cr in current fiscal

The company has close to 15 per cent of market share in the overall health insurance segment, including all general insurance players

Razorpay gears up to digitise small businesses; aims at $50 bn TPV by 2021

Due to lack of trust, new merchants usually see 30% higher cart abandonments on the checkout page as compared to established merchants; Razorpay is aiming to change that

WhatsApp to help users in India buy 'sachet-sized' health insurance

WhatsApp said by the end of this year, buying affordable health insurance coverage from SBI General leveraging WhatsApp, will be a reality

Consumers gravitating towards higher sum insured in health policies

Covid drives awareness of need for health insurance, consumers also buying plans in the range of Rs 25-50 lakh

Choose a high-value health insurance policy for wide coverage amid Covid-19

Buy one at the earliest as underwriting norms tend to be strict in them

Non-life insurers get Covid-19 claims worth Rs 10,000 crore as of Dec 11

The insurers have settled 508,334 claims amounting to over Rs 4,800 crore

ICICI Lombard revamps health offerings in view of evolving customer needs

The insurer has launched four new plans ---- health shield, health shield plus, health elite, and health elite plus ---- that are part of its 'complete health insurance' offering