The ombudsman acts as a counsellor and mediator and arrives at a fair recommendation based on the facts of the dispute. With reports of some hospitals not granting cashless facility and insisting on cash payments from policyholders for treatment of Covid-19 despite policyholders being entitled for cashless facility under their policy, the insurance regulator has
Insurance
We continue to monitor the impact of a second COVID-19 wave on growth. India’s life insurance industry registered strong volumes in Mar-21, largely aided by a favourable base (-40% y-o-y in Mar-20) with 56-120% y-o-y growth for top private insurers (private insurers +89% y-o-y). Flows were strong in March across insurers and AMCs reported positive
Private players reported 8% y-o-y growth in individual APE for FY21, significantly higher than initial expectations at the start of the pandemic. Life insurers reported stellar individual annualised premium equivalent (APE) growth of 90% year-on-year (y-o-y) in March 2021 (on a low base) translating to 40% y-o-y growth in Q4FY21 and 8% y-o-y for FY21.
Insurance terms are complicated, payout is slow and the offers are difficult to understand. By Dr. Mallesh Bommanahal If you’ve recently undertaken the uphill task of obtaining insurance, and found yourself struggling with picking the right policy, you’re certainly not alone. COVID-19 has made all of us health conscious. To protect themselves financially more people
Representative image A comprehensive car insurance plan not only covers the mandatory third-party insurance for your vehicle but also provides coverage for any damages to your own vehicle as well! In fact, a comprehensive car insurance plan comes with a whole lot of additional benefits as well. For starters, it offers you a no claim