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Health cover is proving too costly for insurers
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Patients covered by health insurance policies, in most cases, either stay in hospital for less than a day or more than 10 days.
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LIC can't charge fee for transfer of policy: HC
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Life Insurance Corporation of India, the market leader in insurance sector, cannot charge any fee for transfer or assignment of its policies, the Bombay High Court has held.
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Kerala CM launches Comprehensive Health Insurance Scheme
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Kerala Chief Minister V S Achuthanandan today launched the second stage of the Comprehensive Health Insurance Scheme (CHIS) in the State.
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LIC Ernakulam division to be bifurcated
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The Ernakulam division of the Life Insurance Corporation (LIC) of India will be bifurcated soon.
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'Chief Minister's Insurance Scheme a treasure trove of information'
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The Chief Minister's Insurance Scheme launched last year in Tamil Nadu was a veritable treasure trove of information about patients and conditions.
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ULIP row: IRDA, SEBI chiefs meet Finance Secretary Ashok Chawla
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SEBI chairman C B Bhave and IRDA chief J Harinarayan had separate meetings with Finance Secretary Ashok Chawla today on the ongoing tussle between the two regulators over equity-linked insurance schemes.
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ULIP investors are safe: IRDA
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Amid a turf war with SEBI on ULIP schemes, insurance regulator IRDA today assured investors that the equity-linked products are safe, while seeking greater clarity from authorities on jurisdiction of the two watchdogs.
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Government scheme to cover critical illnesses
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To provide Delhiites with easy access to advanced medical treatment, the city government is all set to introduce a healthcare insurance scheme that will cover critical illnesses.
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ICICI Prudential launches 'low charge' ULIP
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ICICI Prudential Life Insurance Company Ltd, a joint venture between ICICI Bank and Prudential plc, today announced the launch of 'an extremely low charge' unit linked insurance plan (ULIP).
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Majority of people not aware of Ombudsman in Insurance sector
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Insurance Ombudsman, Bhubaneswar, S K Dhal today said a majority of the people were not aware of the existence of Ombudsman to deal with the life insurance complaint cases.
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Arunachal to implement Rashtriya Swasthya Bima Yojana
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Arunachal Pradesh will be the 24th state in the country to implement the Rashtriya Swasthya Bima Yojana (RSBY) Scheme.
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CB-CID to investigate false insurance claims
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False motor vehicle accident insurance claim cases registered across the State have been transferred to the State Crime Branch – CID (CB-CID).
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LIC staff to oppose panel on financial sector
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The legislative commission on financial sector proposed by Finance Minister Pranab Mukherjee is yet another way to push through the Raghuram Rajan committee’s recommendations for further liberalisation of the banking and insurance sector
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AIG posts $8.9 bn loss, Chartis improves
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American International Group Inc reported a quarterly loss of $8.9 billion on Friday, hurt by charges related to US loan payback and loss reserves, but in a glimmer of hope its general insurance operations improved.
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TDS haze could raise your health cover cost
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Health insurance premiums could soar if the forthcoming Budget does not clarify on the issue of tax deduction at source for non-life insurance companies.
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Medical insurance co to pay for failing to reimburse full claim
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In the midst of the intense war between hospitals and medical insurance companies over health insurance reimbursements, here’s some heartening news for policy holders.
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Reliance Life Ins launches highest NAV guarantee ULIP plan
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Reliance Life Insurance, on Sunday said that it has launched a new unit linked product, Reliance Highest NAV Guarantee Plan.
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Reliance Life launches Reliance Highest NAV Guarantee Plan
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Anil Ambani Group firm Reliance Life Insurance on Sunday said it has launched 'Reliance Highest Net Asset Value Guarantee Plan', a new unit linked insurance plan, that enables the policy-holder to enjoy good returns.
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LIC aims to garner Rs 25,000 crore from Wealth Plus scheme
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The country's largest insurer Life Insurance Corporation is aiming to garner Rs 25,000 crore from its recently launched close-ended unit-linked Wealth Plus scheme.
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Life insurers seek higher FDI, tax sops for long-term policies
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Ahead of the Budget, the insurance industry has urged the government to move ahead with the proposal to raise foreign direct investment cap to 49 per cent and provide separate tax incentives for policies that have long tenures.
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Health insurance for government staff soon
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A health insurance scheme is on anvil on the lines of Arogyasri for government employees in the State.
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Health insurance for artisans
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Artisans those who have applied for the Health Insurance under the scheme of 'Rajiv Gandhi Shilpi Swasthya Bima Yojna (2009-10) through Nagaland Handloom & Handicrafts Development Corporation Ltd.
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BC students get health insurance
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About 1.86 lakh students residing in BC welfare hostels across the state will be covered under a new medical insurance scheme from this year.
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Insurance ombudsman holds camp court in city
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Ignorance and negligence in studying terms and condition of an insurance policy is putting insurance claimants in trouble, said the insurance ombudsman of Orissa, Surath Kumar Dhal.
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National commission overrules State commission’s order Consumer Notes
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The National Consumer Disputes Redressal Commission has overruled the Karnataka State Consumer Dispute’s Redressal Commission’s decision directing the New India Assurance Company to settle the claim filed by an old tile factory in Mangalore that suffered losses.
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