Indian healthcare charts a global path
Aug 29, 2014

Medical tourism from India to the West, a preserve of the affluent for years, is now accessible to the affluent middle-class, thanks to new high value covers designed by health insurers. For a premium ranging from Rs five lakh to Rs 13 lakh, an individual can get health insurance cover for as high as Rs 25 crore which covers treatment overseas. What's more, companies are willing to tailor this according to the paying capacity, while buyers can get a cover of Rs 25 crore. While recent trend has seen an increase in the number of foreign nationals coming to India for lower cost treatment, there are some procedures in which healthcare in the West still have an edge due to technolgical advancements.

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Why home insurance schemes get lukewarm response in India
July 6, 2014

Although common insurers have been lobbying for benefits for property insurance underneath the Revenue Tax Act in the run up to the budget, the residence insurance coverage industry in India nonetheless continues to be hugely below-penetrated at much less than 2%. “A advantage for residence insurance coverage under the Income Tax Act would give fillip to the house insurance company just like wellness insurance with Segment 80 D,” Milind Kharat, chairman and managing director, United India Insurance coverage, mentioned.

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Medical costs: Customers seek higher cover
August 31, 2013

Medical costs are going through the roof, as is apparent with medical inflation hovering in double digit (18%). To insure themselves against the expenses in medical emergencies, more people are going for higher mediclaim covers when their policies are up for renewal. Also, many customers are utilizing their NCB (no claim bonus, a benefit for those who have not claimed insurance during the preceding year) to enhance health cover limits.

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Outpatient insurance faces pricing hurdles
Jan 25, 2014

While some insurers have brought OP (outpatient) cover under cashless scheme for those hospitals that are under their network, observers state that it would take a while before OPD as a product category becomes popular in the health insurance space. "Out patient cover is one of the important emerging trends in the sector and we are working towards technically pricing it," Ajay Bimbhet, managing director, Royal Sundaram Alliance Insurance said..

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Aviva Plc exit not to upset India insurance venture
August 6, 2013

British financial major Aviva Plc’s reported plans to exit Indian market is unlikely to affect the operations of insurance firm as majority partner Dabur may rope in another overseas investor as replacement.

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Cyber Liability for Hospital
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INDUSTRY NEWS


IRDAI bars several health insurance exclusions
Oct 15, 2019

Insurance companies have been barred from excluding from coverage illnesses associated with hazardous work activity etc.


Govt establishes national driver licensing database to combat fraud
Sept 25, 2019

The Transport Ministry is establishing an electronic database to store drivers' licensing data from throughout the country.


Foreign investors can own 100% of insurance intermediaries
Sept 02, 2019

Government has issued a notification putting into effect its decision to allow 100% FDI in insurance intermediaries

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