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Madras HC withdraws its order on 5 year bumper-to-bumper insurance for new vehicles indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
Bumper to bumper insurance not mandatory: Madras High Court modifies previous order barandbench.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barandbench.com Daily Mail and Mail on Sunday newspapers.
COVID-19 brings health insurance into focus; but sector entangled in claims and counter-claims freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Are you underinsured? Time to consider a high value health plan dnaindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dnaindia.com Daily Mail and Mail on Sunday newspapers.
[What The Financials] Policybazaar Cuts Losses By 50% In FY21 inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Onsurity Raises $16 Mn Led By Nexus Venture Partners, Others inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
File photo CHENNAI: Even as the period of hospitalization halved in the second wave of the pandemic, the average ticket size of health claims for Covid patients increased from 20 to 50%, as compared to the peak of the first wave in 2020. Director of underwriting, products and claims at Max Bupa Health Insurance, Bhabatosh Mishra says that we saw the average ticket size of claims go up from Rs 1.3 lakh to Rs 1.5 lakh. "The period of hospitalization has declined from an average of 14 days to 7-8 days in the last few months," he said. "Surge in the bill size of Covid-19 treatment is largely due to hospitals charging separately for oxygen cylinders and equipment used in the ICU. Don’t understand why they should charge for the ICU equipment separately? The use of high-priced drugs has further led to a high cost, and therefore a higher claim size," Mishra told TOI.
Fatal motor accident claim settled in 10 days, a 1st in India By IANS | 9 Views Road accident.. Image Source: IANS News Chennai, July 4 : A motor third party death accident compensation claim settled in 10 days in India! Well, it is not a joke. But it actually happened in the nation's capital in May this year. Thanks to the pilot project called Fast Track Dar Scheme that began on May 1, 2021. The family of a Delhi Police constable received a sum of Rs 32 lakhs as compensation in 10 days after he was killed in a road accident, said participants in a webinar organised by the General Insurance Council of India and Bajaj Allianz General Insurance Company Ltd under the aegis of Delhi State Legal Services Authority (DSLSA) on Saturday.
Synopsis At the time of buying the health plan if your focus was more towards going for lower premium, then the chances are the that your health plan may have various sublimits, copayment or deductibles. Getty Images During the novel coronavirus pandemic, on average an insured Indian has been paying at least 40% of the covid-related medical expenses from their own pocket. In other words, health insurance policies have not been fully paying for the medical expenses incurred by people due to the virus. According to General Insurance Council of India data, from since beginning of the covid 19 pandemic last year till May 14, 2021, on average an insured Indian was paying around 40% of the covid treatment costs from his/her own pocket with average payment of Rs 95,622 against a claim size of Rs 1.54 lakh. A total of 14.82 lakh Covid-19 claims worth Rs 23,000 crore were reported during this period out of which only 12.33 lakh (83%) claims worth Rs 11,700 crore (51%) were settled by insurers since the pandemic.
People vaccinated against Covid-19 and yet hospitalised with the infection are likely to require shorter hospital stays, face significantly reduced need for intensive care unit support and run up lower hospital bills, a nationwide study of health insurance claims has suggested. The study has found that vaccinated patients hospitalised for Covid-19 were discharged two days earlier than others, and that the fully vaccinated among them had a 66 per cent lower risk of needing ICU support. Also, the average hospital bill of the vaccinated patients was Rs 60,000 lower than that of unvaccinated patients. Advertisement “Our findings bolster the evidence for how vaccination benefits individuals,” said Prakash Subbarayan, MD of Star Health Insurance, a Chennai-based company that has handled over 300,000 Covid-related claims over the past year.