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, 1 month 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, 1 month 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, 2 months ago
on your WebpageAdd Widget >Get your members hooked!