Insurers say pricing HIV/AIDS insurance will be a challenge till there’s enough historical data after the regulator made such covers compulsory in India, the nation with the world’s third-highest HIV burden. The Insurance Regulatory...
The company’s founders, Gethin Jones and Laurent Sabatié, have spent the last year developing the technology-enabled insurance solution targeted at the underinsured markets of the world and believe their product will provide affordable protection for India’s farmers.
Finance Ministry officials had recently told insurers that the government will create a ‘talent pool’ of officials who will be eligible for the fast-track promotions to hold the top positions of the public sector general insurance companies.
The Shri Mata Vaishno Devi Shrine Board also approved additional life insurance cover of Rs 5 lakh to pilgrims who avail the service of the upcoming passenger ropeway between Bhawan and Bhairon Ghati.
Insurance Claim Can’t Be Denied On Ground Of Common Lifetstyle Diseases But Insurer Should Not Hide Info, Says NCDRC
The deceased died on account of ‘cardio respiratory arrest’ which was existing for only five months prior to the date of death. Thus, clearly, this disease was not prevailing when the proposal form was filled. The disease of diabetes, though was existing for some time but was under control at the time of filling up of the proposal form.
Two-wheeler buyers have to pay nearly 10% of the vehicle’s price upfront towards insurance premium, while car-buyers are seeing the cost of motor cover double from last month. The premiums have jumped up significantly...
Due to this, the industry may take an estimated hit of Rs 12,000-15,000 crore. This will go up as the compensation amount increases in January 2019