The life insurance industry reported 2% dip in premium collections to Rs 1,22,661 crore in the first half of this fiscal because of fall in new business.
Bajaj Allianz - Health Insurance Policy for Senior Citizens
Bajaj Allianz Insurance Company offers Silver Health policy that allows the maximum insurance of Rs. 5 lakhs.
Bajaj Allianz Insurance Company offers Silver Health policy that allows the maximum insurance of Rs. 5 lakhs.
The dip in premium collections is basically because of the low sales of unit-linked products, especially individual pension segment, which has fallen drastically this year to 1.2% from an average of 26% for the earlier 2 years for the same period.
Voluntary contribution from retail investors under individual pension segment has dried up as evident from the data available.
Comprehensive Health Insurance Scheme in Tamil Nadu
The Chief Minister's Comprehensive Health Insurance Scheme will benefit 1.34 crore families. Sum assured per family is Rs. 1 lakh/year for a total of 4 years.
The Chief Minister's Comprehensive Health Insurance Scheme will benefit 1.34 crore families. Sum assured per family is Rs. 1 lakh/year for a total of 4 years.
In view of lack luster performance of the insurance industry in the first half of this fiscal year, the outlook for the remaining 6 months appears to be better.
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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.
Source-Medindia
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.
