Category: Insurance

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Anthem is waiving out-of-pocket costs for its members’ coronavirus-related treatments

This story was delivered to Business Insider Intelligence Digital Health Briefing subscribers earlier this morning.To get this story plus others to your inbox each day, hours before they’re published on Business Insider, click here.Stay up-to-date with our latest coverage on the impacts of coronavirus on technology, marketing, and the digital economy here.Anthem — the second-largest health insurance…

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LIC policyholders given 30 days to pay premium

The Life Insurance Corporation of India (LIC) has announced a month-long extension for all policyholders whose premiums fall due in March and April in wake of “unforeseen difficulties” faced by people due to the coronavirus. The insurance behemoth has also announced a further retrospective relaxation till April 15th for those customers whose premiums were due…

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Group health insurance set to get a boost

Group health insurance policies are likely to see a pick-up in demand, with the government making medical insurance cover for workers a pre-condition for the factories and industrial establishments to resume operations.The direction is a part of the standard operating procedure (SOP) prescribed by the government for the offices, workplace, factories and establishments to be

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Renewal of health, motor covers extended to May 15

The Ministry of Finance issued a notification on April 15 stating that health and motor insurance cover renewal dates that fall between March 25, 2020 and May 3, 2020 have been further extended till May 15, 2020 due to the coronavirus lockdown. This means that if your current compulsory third-party insurance policy is expiring between…

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Bharti AXA launches pay as you drive motor cover

Bharti AXA General Insurance will now offer usage-based motor insurance policies for private car owners under IRDAI’s Sandbox project. For this the general insurer has tied up with insurance aggregator, PolicyBazaar.com. The usage-based motor insurance, also known as ‘pay as you drive’, allows policyholders to pay the premium depending on kilometers driven. How insurance premium…

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Health cover for staff mandatory post lockdown

The government has made it mandatory for all employers which resume functioning as the lockdown gets over, to provide medical insurance to their employees. Roopam Asthana, CEO and Director, Liberty General Insurance said that earlier it was not mandatory for all employers to provide health insurance cover to their employees. “However, some employers were buying…