IRDA’s condition that treatment under AYUSH has to be at a government hospital or an institute recognised by the government makes insurance cover difficult. Insurance companies have started coming out with policies covering alternative treatments after the new health insurance regulations earlier this year allowed coverage for AYUSH (ayurveda, siddha, unani and homeopathy) treatment. Religare Health Insurance recently launched a version of its healthcare plan, Care, covering AYUSH ... Rediff.com, 6 days ago
Expect premiums to go up or introduction of a co-pay option for third-party damage It’s a new, and a much tougher regime for violators of traffic rules. With the new Motor Vehicles Act increasing compensation substantially from all offences and accidents, car and bike owners need to arm themselves with substantially more insurance cover. Those without a valid insurance policy might have to shell out Rs 5,000 compared with Rs 500 earlier in case of an incident. “In the two-wheeler ...Rediff.com, 2 months ago
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs. So far, pricing of financial products has been standardised with all customers paying the same price. But all customers are not the same. Better-quality customers make fewer claims from insurance companies. For banks, such customers mean lower loan default rates. Now, with the growing use of credit scores, the ubiquity of mobile phones ...Rediff.com, 5 days ago
This form of device-based insurance uses GPS to measure how much a car runs and the speed that it is run at. The general insurance sector is all set to get its first telematics offering for motor insurance. The sector will get a glimpse into pay-per-use format of insurance where driving patterns and distance covered will be the key focus to determine premiums. Bajaj Allianz General Insurance is launching the sector’s first telematics offering on Monday. Also called black-box ...Rediff.com, 4 weeks ago Irdai plans to make insurers' listing a must Rediff.com, 2 months ago
Sportspersons, who battled adversities and emerged victorious, are very strong and veritable examples for many budding youngsters. The Indian star gymnast of Rio Dipa Karmakar, who created history by making it to the fourth position in the final ...Jagran Post, 2 months ago Chandan, The Child Prodigy Defies Odds, Revives Hope For Football In India Jagran Post, 2 months ago
Apart from rail mishaps, the coverage would take care of terrorist attacks and accidental fall of a passenger from a train and normal accidents, riots, robbery and dacoity The Indian Railways (IR) has selected three insurance companies - Shriram General Insurance, ICICI Lombard General Insurance and Royal Sundaram General Insurance - for insuring its passengers. To begin next month, it would be among the cheapest in the world, at a premium of 92p a passenger for coverage up to Rs 10 lakh. The ...Rediff.com, 2 months ago
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