Page 2 - Insurance

Climate change insurance: Poor reach, reliance on fossil fuel key issues

India's challenge is that the insurance coverage and penetration vary by lines of business and the low penetration problem is acute

Health insurance plan: Protect yourself with reinstatement benefit

While it will safeguard you from the possibility of exhausting your sum insured, understand the nitty gritty before buying

Irdai to bring in 'EASE' in delivering entire suite of insurance services

Regulator takes stock of industry's progress under the State Insurance Plan; five-year plan to be formulated to expand footprints of lead insurers in their respective states

Investing in physiotherapy: Importance, techniques and cost-effectiveness

Physiotherapy helps improve quality of life by reducing pain, restoring movement, and promoting overall wellness. You could invest in this form of rehabilitation revolution

Insurance companies yet to see fire sale of high-value life policies

Expect higher sales of such policies in March

Cars on highways to be offered insurance cover using Fastag soon: Report

Centre may also come up with a plan to provide third-party insurance cover for motor vehicles when they are impounded by traffic police or transport department officials

Buy comprehensive home insurance, with add-ons, for all-round protection

A standard policy is simpler and makes premium comparison across insurers easier

Niva Bupa Health Insurance launches health insurance plan 'ReAssure 2.0'

Niva Bupa Health Insurance on Thursday announced the launch of health insurance policy 'ReAssure 2.0'. The first of its kind indemnity plan offers lock-in of entry age until a policyholder makes his/her first claim, thereby helping customers save on premiums. Niva Bupa Health Insurance MD and CEO Krishnan Ramachandran said with this product, "we have addressed the prevailing concerns of customers which act as a hindrance during health insurance purchase. "We have designed this product in a unique way that will encourage customers to start investing for their health and financial security at an early age," Ramachandran said. This new-age indemnity plan offers 'live healthy' benefit that gives premium discount of up to 30 per cent on policy renewal basis health points earned. Other benefits include, no capping on room rent, any hospitalisation of 2 hours and above to be covered, Smart Health+ rider offering unlimited tele consultations - and Day 1 coverage for diabetes and ...

Alliance, Dunzo tie up to offer insurance to 20,000 delivery partners

Accident cover of Rs 5 lakh also includes OPD treatment in cases where hospitalisation is not required

More insurance players key to achieve insurance for all goal by 2047: Irdai

India needs more number of insurance players, much wider range of products and also more distribution partners to achieve the insurance for all goal by 2047, Irdai chairman Debasish Panda said here on Tuesday. The insurance sector was opened up more than two decades ago and the market has grown much bigger, but still there is too much scope for faster and deeper growth, he said addressing the annual summit of the Indian Private Equity and Venture Capital Association. In the past five years, the sector has grown 10 per cent each year, still insurance penetration is too low at 4.2 per cent in 2021 and we need to cover much more, he said. "We're a diverse nation of 1.4 billion people. We can't have a one-size-fits-all approach, instead we need more unique products that can meet the insurance needs of both the super rich as well as the very poor. And such unique products cannot be served by the limited number of players we have today at 70. "Therefore, we need more players, a much wide

Top headlines: Adani Green Energy capex plan, Tata Motors-Uber deal

Business Standard brings you the top headlines at this hour

Purchase policy only from an established insurance agent for good service

They offer good service and assist at claim stage; newbies have high turnover rates

LIC asks customers to link their PAN cards with policies by FY23 end

Has provided a link on its website through which policyholders can get this exercise done

Borzo, Symbo tie up to provide insurance to over 50,000 delivery partners

The firms are also exploring in-app integration of insurance services for faster, seamless and paper-less processes

Choose a policy that needs pre-issuance medical test, say experts

Also avail of annual check-ups; doing so will make claim rejection harder for health insurer

Start-up InsuranceDekho raises $150 mn in funding for expanding business

Company will use money to improve technology, enter new markets and launch products in health and life categories

Decoding Claim Settlement Ratio

.

Case for having insurers cater to niche sectors: Irdai's Rakesh Joshi

In order to enhance the insurance force, the regulator is contemplating the concept of Bima Vahak

RBI to permit lending, borrowing of gilts; broaden scope for insurers

Post 'short-squeeze' episodes, market had called for more players in security lending

Govt asks Irda & insurance cos to address concerns to reduce consumer cases

The government on Wednesday flagged six major issues, including ambiguity in insurance contracts and inflexible policy terms, before regulator IRDAI and other stakeholders, and urged them to address those to reduce the huge pendency of consumer cases. The other issues raised before the key stakeholders include lack of powers delegated to representatives of insurance companies to take decisions during out-of-the-court settlements, agents not sharing full policy documents with consumers at the time of signing of policy, repudiation of claims on the basis of pre-existing diseases and crop insurance claims tied up with a central scheme which is not flexible, it said. Currently, more than one-fifth of the total consumer complaints are pertaining to the insurance sector across the country. "We have raised these concerns before IRDAI and other stakeholders. We are hopeful that the insurance companies will address them voluntarily. If the need arise we will also request the regulator to mak