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With a sharp rise in Covid-19 cases in the country, individuals should stay prepared by buying a Covid-specific health insurance plan that will help reduce the financial burden of treatment and hospitalisation.

Synopsis There are many comorbidities which are becoming critical in case of covid infections and insurers have also increased their testing to identify such diseases while issuing new policies. Getty Images Wait longer for new life and health insurance plans It has become rather difficult to buy life or health insurance policies instantly for those who have recovered from the novel coronavirus. That is because many insurance companies require a cooling off or waiting period of one to three mon...

COVID-19 Treatment: Does Your Health Insurance Policy Cover All The Expenses? COVID-19 Treatment: Does Your Health Insurance Policy Cover All The Expenses? Know more about a few of the policies that can protect you financially, and the extent to which they can On Monday, India registered a record 2,73,810 new daily cases and 1,619 deaths. India is battling against an intense second wave of COVID-19 and there are no signs of the pandemic slowing down. On Monday, India registered a record 2,7...

Updated Apr 18, 2021 | 16:46 IST The court issued notice to IRDA and Max Bupa seeking their stand within two weeks, saying a large number of insured persons would be affected by such an insurance policy. Explain basis for approving insurance policies excluding mental illnesses from full coverage: HC to IRDA&nbsp New Delhi: The Delhi High Court has asked insurance sector regulator IRDAI to explain on what basis it was approving insurance policies that excluded mental condi...

Bavadharini KS BL Research Bureau | Updated on April 17, 2021 × Do keep in mind that premium may go up in case one of the members has a pre-existing condition A health insurance policy is a must-have even before you plan your investments. But before you buy one, give a thought to whether you want to buy an individual or a family floater insurance policy. In case of the latter, a single policy takes care of the medical expenses of the entire family. While both variants of the policy help ease y...

India Business News: Huge variations in the prices of Remdesivir — a crucial drug in the treatment of severe cases of Covid — have resulted in a large increase in insuranc

Insurers could face billions of dollars in fresh Covid-19 claims SECTIONS Share Synopsis ​​As per data compiled by the General Insurance Council (GIC) and seen by ET, the insurance industry has registered 10.07 lakh (1 million) coronavirus claims worth ₹14,738 crore (~$2 billion) until April 7, 2021. Of these, insurers have settled 8.6 lakh claims worth ₹7,907 crore, GIC data showed. Agencies According to industry experts, the data is yet to reflect the sharp spike in cases since the on...

Updated: Share Article AAA A rising demand for health covers evident since COVID-19 outbreak seems to have come as a booster shot for non-life insurers as they posted a 5.20% increase in gross direct premium underwritten for 2020-21. Comprising general insurers (all of whom deal in health insurance too); standalone health insurers; and the two specialised PSU insurers (ECGC and Agricultural Insurance Company of India) the non-life segment reported ₹1,98,734.68 crore gross direct premium unde...

Health insurance with Rs 1 crore cover sees 35% growth amid Covid-19 fear Data available from Policybazaar shows the penetration of such policies has grown from 2 per cent to 35 per cent between 2019 and now According to Policybazaar, policies by Max Bupa, Care Health Insurance and Aditya Birla Capital have received good traction Covid-induced awareness around health insurance has led to an increase in sales of high-value  policies which offer coverage up to Rs 1 crore. Data available from Pol...

Max Bupa Health Insurance on Tuesday said it is eyeing business of Rs 250 crore in Punjab, Haryana and Chandigarh in the next five years. It also plans to add 12,500 agents in these two states and union territory in five years. "We are strengthening our presence in Punjab, Haryana and Chandigarh," the companys Director - Retail Sales Ankur Kharbanda said here. "In the next five years, we plan to do a business of Rs 150 crore in Punjab and Chandigarh and Rs 100 crore in Haryana," he said on ...