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Do you know that the health insurance regulator IRDA wants insurance companies to make medical expenses completely cashless? Now health insurance companies cannot reject a cashless claim stating that the hospital where you received treatment was not on the company's network list. Similarly, IRDA has changed other rules to make it easier for health insurance policyholders. Here are 7 changes that have been made.
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Healthcare inflation is rising rapidly, more than three times the general inflation rate (15% compared to 4.75%). However, IRDA has clarified that insurance companies cannot deny coverage to the elderly. The question remains: what can be done about rising costs?
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Over 95% of India's population of over 1.4 billion people is not covered under any insurance
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A term plan, the fundamental type of life insurance, involves paying premiums until a specified age. Lets check out the essentials
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Third party insurance is must for all vehicles on the road as any damage caused to the third party can be compensated
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Regulator has instructed insurance companies to set up help desks in hospitals. If a policyholder seeks online approval for treatment in advance, digital approval should be given to them.
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Financial mistakes refer to poor decisions or actions that individuals make regarding their finances, resulting in negative consequences such as financial loss, debt, or inability to achieve financial goals. Here is how to avoid financial mistakes with a plan
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Deadline for claim settlement, discounts in premium, easy cancellation. It's all there in the new rules.
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Irdai's decision might force insurance companies to hike premium of health insurance policies: Experts
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The Insurance Regulatory and Development Authority of India (IRDAI) has given the green light for launching variable annuity plans which is a significant departure from the fixed annuity products that life insurance companies can offer currently, The Economic Times has reported.
