Tag: insurers

Americans’ COVID Medical Bills Are Set to Rise

By Robert Preidt HealthDay Reporter FRIDAY, Sept. 3, 2021 (HealthDay News) — COVID-19 care is likely to get more expensive for Americans...

Insurers can reject policy claim during the contestability period

My friend bought a life insurance policy two years back and recently died in a car accident. The insurer rejected his claim on the basis...

Buying term insurance in your 50s? Better late than never

In such a situation, if, for instance, your existing life insurance policy term gets over, or you haven’t even purchased a policy yet, then should...

Don’t assume your health policy covers maternity insurance

Parenthood is perhaps one of the most significant transitions in one’s life. And for women, the path to it, pregnancy, can be emotionally, financially and...

Declare beneficial nominees while purchasing life insurance

Did you know that when an insured person dies, his/her nominee becomes the receiver of the claim amount? He cannot use that money by himself...

What you should know about your life insurance nominee

Beneficial nominee: Ordinarily, a nominee is simply a custodian of assets for a person’s heirs. However, the situation is different in the case of a...

Here are the reasons why insurers may reject your covid policy claim

When you get hospitalized, the insurer can either reject your claims on certain grounds or not settle your claim completely. Technically, a hospitalization has to...

Insurers get nod to invest in debt instruments of InvITs, Reits

The Insurance Regulatory and Development Authority of India (Irdai) allowing insurers on Thursday to invest in debt securities issued by infrastructure investment trusts (InvITs) and...

Health, fire drive growth for insurers in January even as motor, crop suffer

The growth in premium collected by the general insurers in January at 6.7% remained tepid even as health and fire insurance segments continued to witness...

insurance: Income loss? Here’s what insurers offer you

MUMBAI: Insurance companies led by Life Insurance Corporation (LIC) of India are set to appoint an estimated 3.4 lakh agents in FY21 as the novel...

60 lakh lives covered under covid-19 health policies, says Irdai chairman

Insurers in the country have covered around 60 lakh lives under the two covid-19-specific policies, Corona Kavach and Corona Rakshak, Subhash Chandra Khuntia, chairman of...

Review the insurance document, verify agent’s credentials before buying

Every once in a while, someone in our company gets an email from my official account asking them to immediately transfer money to a third-party...

Insurance companies to offer standard covid-19 health policies from 10 July

Earlier in its draft guidelines to insurers, the regulator had mandated offering both the products. Read here. Insurers will have to offer the indemnity policy...

Telemedicine now covered under health insurance policies

With the number of covid-19 cases rising rapidly in the country, social distancing has become the new normal, which in turn is increasing dependency on...

It’ll be tough to buy a life cover if you have covid-19 symptoms

According to life insurance companies, reinsurers are asking for covid-19-based disclosures at the time of policy purchase. With social distancing becoming the new normal, most...

How covid-19 will change the way insurance policies are bought and sold

For me, a benefit of the lockdown has been working from home. Fellow introverts know the connection we have with the mute button on Zoom...