health insurance

IRDAI streamlines policyholder safety norms with a grasp round

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The Insurance coverage Regulatory and Growth Authority of India (IRDAI) has streamlined norms on the safety of policyholders’ pursuits by repealing 30 completely different circulars and issuing a Grasp Round. The Grasp Round on Safety of Policyholders’ Pursuits underneath the IRDAI (safety of policyholders’ pursuits, operations, and allied issues of insurers) Laws, combines policyholder entitlements right into … Read more

Insurance coverage Question: Porting Well being Insurance coverage Coverage

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I presently have a medical insurance coverage with a sum insured of ₹15 lakh. Nonetheless, my yearly premium has considerably elevated attributable to a value hike from my present insurance coverage firm. Consequently, I’m contemplating porting my coverage to a different insurer. May you please information me by means of the method of porting my … Read more

Bancassurance, the important thing to common protection

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Bancassurance is often thought of “win-win” for a financial institution and an insurance coverage firm as they enter right into a tie-up for distribution of insurance coverage merchandise. However, if an unlimited part of the beforehand uninsured inhabitants can get insurance coverage cowl by means of this channel, the state of affairs turns into “win-win-win”. … Read more

Normal insurance coverage business set for strong development, GDPI to succeed in ₹3.7 lakh crore by 2025-26

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Score company ICRA expects a robust present by the overall insurance coverage business within the subsequent few years. Gross Direct Premium Revenue (GDPI) is estimated to the touch ₹3.7 lakh crore by 2025-26, a 32 per cent rise from ₹2.8 lakh crore GDPI achieved in 2023-24. Whereas the expansion for personal insurers’ is predicted to … Read more

Query of Cash, Episode 34: Outdated vs New Tax Regime Variations by Aarati Krishnan

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Do you know that every one the earnings tax concessions introduced by the FM in current budgets had been relevant solely to the brand new tax regime? Within the 2020 funds, the FM introduced her intention of flagging off a brand new system of earnings tax, the place the slabs can be liberal and charges … Read more

What are the variations between the previous and new tax regimes? | Query of Cash by Aarati Krishnan| Episode 34

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Do you know that every one the earnings tax concessions introduced by the FM in current budgets had been relevant solely to the brand new tax regime? Within the 2020 finances, the FM introduced her intention of flagging off a brand new system of earnings tax, the place the slabs could be liberal and charges … Read more

IRDAI extends life, medical insurance cowl to Gram Panchayats

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In a transfer that may carry insurance coverage all the way down to the grassroots, the Insurance coverage Regulatory and Improvement Authority of India (IRDAI) has mandated life and common insurers to increase cowl to sure recognized Gram Panchayats. Per the grasp round points by the regulator on rural, social and motor third celebration obligations, the … Read more

Rising medical health insurance premium leaves consumers sore

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With premiums going by way of the roof, individuals are anxious over medical health insurance burning a gap of their pockets. Trade insiders and shoppers businessline spoke to need the federal government to expedite the establishing of a well being regulator or cut back the GST price from present 18 per cent to curb the surging value … Read more

Medical health insurance declare help platform ClaimBuddy raises $5 million

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Medical health insurance declare help platform ClaimBuddy has raised a $5 million funding, marking the profitable closure of its Sequence A funding. The funding spherical was led by Bharat Innovation Fund (BIF), and noticed participation from Japanese fund CAC Capital, together with present buyers Chiratae Ventures and Rebright Companions. Additionally learn: Insurance coverage Question: How … Read more

Common insurance coverage trade maintains double-digit progress in gross premium in FY24

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The overall insurance coverage trade has ended the fiscal FY24 with 13 per cent progress. However, FY24 progress is decrease than compared with 16 per cent achieved within the earlier yr. Nonetheless, the trade has maintained its double-digit progress pattern over the previous few years. The gross direct premium for all non-life corporations in 2023-24 … Read more