Star Union Dai-chi Life announced the launch of Dhan Suraksha Platinum, a non-participating traditional endowment plan, where the premium collection from sales is aimed at around Rs. 300 crore.
Health Insurance Policies - Fine Prints
Health insurance is one definite way towards achieving ‘health for all’ in the world. Most governments including the US government are striving towards this goal.
Health insurance is one definite way towards achieving ‘health for all’ in the world. Most governments including the US government are striving towards this goal.
The minimum premium amount was fixed at Rs. 1 lakh and the sum assured at Rs. 5 lakh, working out to 5 times the single premium. In a 10-year period, the return after taking into account the tax benefits would work out to Rs. 1.97 lakh. Apart from tax benefits, this product also provides additional benefits for large, single premium policies, like 2% on a single premium of Rs. 5 lakh to R.s 40.90 lakh and 3% for policy premiums of Rs. 50 lakh and above.
Talking about the company's break-even target, SUD Life’s plan is to hold on to their initial plan of 5 years as they are growing despite the slowdown in the industry. The company will continue to focus on its bancassurance model and offer comprehensive products to its customers.
![Health Insurance Portability and Accountability Act [HIPAA]](https://images.medindia.net/patientinfo/120_100/hipaa.jpg "Health Insurance Portability and Accountability Act [HIPAA]")
Health Insurance Portability and Accountability Act [HIPAA]
The abbreviation HIPAA is of Health Insurance Portability and Accountability Act. It was enacted by US Congress a law in 1996, to regulate Healthcare Insurance Industry across USA.
The abbreviation HIPAA is of Health Insurance Portability and Accountability Act. It was enacted by US Congress a law in 1996, to regulate Healthcare Insurance Industry across USA.
Star Union Dai-ichi Life Insurance Company Limited (SUD Life) is a joint venture of Bank of India, Union Bank of India and Dai-ichi Life Insurance, Japan.
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Rules for Health Insurance Settlement Claims by IRDA
The IRDA is soon coming up with a separate health insurance claims settlement regulation, which would address issues arising out of claims not honoured by the insurers in a time bound manner.
The IRDA is soon coming up with a separate health insurance claims settlement regulation, which would address issues arising out of claims not honoured by the insurers in a time bound manner.
Health Insurance Portability is a Win-Win Game
On 10 February 2011, the IRDA issued a notification which would allow any health insurance customer to shift from his existing insurer to any other insurer he deems to be better than his current one.
On 10 February 2011, the IRDA issued a notification which would allow any health insurance customer to shift from his existing insurer to any other insurer he deems to be better than his current one.
