MUMBAI: Health insurance’s share in the non-life segment is set to surpass other categories put together as the sector continues to expand, the chief of standalone health insurer Niva Bupa Health Insurance said. At present, health is the largest segment with a 40% share of total non-life premium. According to Krishnan Ramachandran, MD & CEO…
Last Updated:February 05, 2025, 12:58 IST Choosing the right sum insured is not a one-size-fits-all solution. However, at least Rs 10 lakh as a minimum sum insured, especially in metro cities where treatment costs are much higher, is recommended. For individuals who find a high sum insured financially burdensome, top-up and super top-up plans offer…
Last Updated:February 05, 2025, 07:39 IST After years of planning, retirement might be a great opportunity to finally enjoy some of your long-sought goals. retirement plan, retirement checklist, business news Retirement is a chance to escape the daily grind. During this stage, you slow down for both yourself and your loved ones to create memories…
Last Updated:January 23, 2025, 23:02 IST With positives like growing digitisation, progressive regulatory policies, and a gradual rise in awareness, this is the opportunity to reimagine the insurance landscape Insurance Sector Expectation For Budget 2025 The Indian insurance industry is poised for transformative growth, driven by rising awareness of financial security and the growing demand…
MUMBAI: New India Assurance has the lowest claims repudiation ratio of 0.2% in terms of the number of claims. The company, which is also the only listed public sector insurer, has the lowest claims repudiation ratio in health insurance and motor own-damage insurance too.The Insurance Brokers Association of India recently provided a comparison of ratios…
Last Updated:November 14, 2024, 07:45 IST World Diabetes Day 2024: These days, most plans come with Day 1 coverage for PEDs or pre-existing diseases World Diabetes Day 2024 India is often labeled as the Diabetes Capital of The World – and while that might be alarming, it is unfortunately true. The International Diabetes Federation indicates…
NEW DELHI: A group of state finance ministers is veering towards GST exemption on term insurance plans, while also considering removal of the levy for senior citizens purchasing health insurance and for those who buy medical coverage of up to Rs 5 lakh.A second group of ministers (GoM) is looking at ways to minimise revenue…
