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Getting life insurance may be tough in view of tighter under-writing norms

Senior First plan includes coverage options of up to Rs 25 lakh with no sub-limits Leading health insurance player Max Bupa Health Insurance, today launched the 'Senior First' health insurance plan for senior citizens, in order to make healthcare more accessible and provide financial assistance. According to a statement shared by Max Bupa, the Senior First plan includes coverage options of up to Rs 25 lakh with no sub-limits on common health conditions such as knee replacement, cataract, etc. The plan for senior citizens comes with features such as health check-ups from day one, no mandato...

By siliconindia  |  Tuesday, 11 May 2021, 10:38 Hrs In a country like India, our kinds always come first in the matter of safety. We always look for practices to safeguard our parents, spouse, siblings and kids, not only occasionally but ensure that their present and future, both, are problems-proof especially when it comes to the matter of health. While insurance is considered as a first rule to protect them but if seen practically, it becomes a bit challenging to bear the cost of each member's health insurance plan as paying separately would add to an ex...

Reflecting the wide spread of Covid, insurers report a surge in claims from rural regions, too May 01, 2021 There has also been an increase in the cashless treatment claims   -  istock.com/Nuthawut Somsuk× The average claim size is at ₹1.40 lakh, with some going as high as ₹30 lakh Health insurers are reporting a flood of Covid-related claims from across the country, including rural regions, reflecting the spread of the pandemic. Rapid rise Till last month, Covid claims had been mainly from urban areas of Delhi, Maharashtra, Uttar Pradhesh, Chhattisgarh, and Bihar as also some from...

Unabated surge in infections may prompt hike in insurance premiums Industry executives this publication spoke to confirm that there has been a sharp deterioration in the claims ratio due to the significant increase in Covid-19 cases. Share Via Email   |  A+A A- By Express News Service CHENNAI:  If Covid-19 infections continue to rise unabated, insurance companies may be forced to hike their premiums by as much as 15 per cent to deal with the parallely increasing number of Covid-related claims.  Industry executives have noted over the past week that the rate of claim settlements are ...