Uncategorized

COVID Impact: General Insurance Slips To Red, Life Insurance Firms Profit Shrinks, Health Insurers Unpaid Claims Pile Up

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Claim Ratio up

Covid second wave has hit the insurance industry. The general insurance companies have slipped to the red mark while there are pending claims piling up for health insurers. Mumbai: COVID-19 enormously hurt India’s insurance sector, with most of the general insurance companies slipping to red, the profitability of life insurance companies shrinking, and health insurers unable […]

Health Insurance Sahi Hai

Corona Claims –Cashless.. As per IRDA

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Cashless Network Hospital in Mumbai

FM has also clarified that cashless service will be available at all places Insurance Regulatory and Development Authority of India (IRDAI) has clarified that wherever insurers have an arrangement with the hospitals for providing cashless facility, such network hospitals are obligated to provide cashless service for all treatments including treatment for Covid-19. This clarification comes […]

General Insurance

Communications on basic information on health insurance policies to the policyholders

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Insurance Regulatory and Development Authority of India Ref: IRDAI/HLT/REG/CIR/038/03/2021 Date: 1st March 2021 To All General and Health insurers (except ECGC and AIC) Re: Communications on basic information on health insurance policies to the policyholders 1. Attention is drawn to the provisions of Regulation 12 of IRDAI (Protection of Policyholders’ interests) Regulations, 2017 specifying therein minimum information […]