Health Insurance Regulations 2019: The Insurance Regulatory and Development Authority of India recently notified the Insurance Regulatory and Development Authority of India (Health Insurance) (Amendment) Regulations, 2019. It has introduced several new provisions, including a call to the insurers to promote…
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Status check: Do health insurance companies in India cover mental health?
In 2017, the government passed the Mental Healthcare Act that mandated mental health to be covered by insurance companies. The Act, which came into effect last year, finally promised mental health coverage, and stated that every insurer will have to…
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IRDAI cuts down exclusions in health insurance, more illnesses to be covered
Says travel insurance can not be pre-selected option on websites, apps In a customer friendly move, the Insurance Regulatory and Development Authority of India (IRDAI) has now said that insurers must make sure that travel portals do not make travel…
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Now, you can pay medical insurance premium monthly, quarterly or half-yearly
IRDAI suggests minor modifications in policies filed by general and standalone health insurers. You will soon have the option of paying your health insurance premium in not just annual, but monthly and quarterly instalments as well. The insurance regulator IRDAI…
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What is the right age to purchase health insurance?
It is a common belief that when you are young and healthy, there is no need to avail of health insurance coverage. However, today life is fast-paced and erratic with unhealthy eating habits and irregular or lack of exercise. As…
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About health insurance and medical insurance: Policies, types, importance, features and benefits
It is said that nothing is more important than health. Taking care of your health is, therefore, important. But what happens when a medical emergency comes your way unannounced? That’s where health insurance comes to your rescue. Given the present…
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Explained: How to choose a term insurance policy
The insurance companies and aggregators offer term insurance calculators on their sites that help in analysing which plan suits you better. It is said that safety is the cheapest and the most convenient form of an insurance policy. A life…
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From claims to medical advice to health checks, insurance gets tech-savvy
MUMBAI: Paper work and insurance agents have long been the foundation stones for your insurance policies. However, insurers have used technology along various steps of the insurance services value chain: from the application to claim-processing stage. Artificial intelligence, wearable devices, mobile applications, virtual…
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Factors that may hike your insurance premium
MUMBAI: At some point in your life you will buy an insurance plan. “When it comes to life and health insurance, your premium amount will differ with your age, family history, pre-existing diseases and lifestyle choices among other reasons. Basically if…
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New car insurance rules decoded: Impact analysis
In the recent past, there have been several changes in the motor insurance space. Over the past 12 months or so, there has been the introduction of several new rules and guidelines and subsequent modifications in the motor insurance space….
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