Insurance

New India Assurance (NIA) has introduced a new health insurance policy ‘Premier Mediclaim Policy’ designed specifically for high net-worth individuals (HNIs). It includes several elective medical procedures, like infertility treatment and dietician’s consultation. The policy will cover...
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  • Bajaj Allianz Life Insurance has launched an online term plan ‘eTouch’. It has four variants: Shield, Shield Plus, Shield Super and Shield Supreme. The maximum entry age is 65 years while maximum maturity age is 75 years. The policy term is 10 to 40 years. The premium is competitive compared...
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  • Life Insurance Corporation of India (LIC) has emerged as the top-ranked insurance player in terms of death claims pay-out, with a settlement ratio of 98.33%, compared to 91.48% clocked by private life insurers, according to the annual report of IRDAI (Insurance Regulatory and Development...
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    Insurance companies routinely deny medically-needed implantable lens under the garb of “expenses incurred on Lasik laser or refractive error correction and its complications, all treatment for disorders of eye requiring intra-vitreal injections and related procedures are not...
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  • Disclosure of ULIP Investments IRDAI has asked insurance companies to disclose finer details related to unit-linked insurance products’ (ULIP’s) investments. It is to make insurers more accountable for ULIP funds in the market. The regulator has asked for transparency with respect to...
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