PM Modi may announce a universal health cover scheme on Independence Day

Last Updated: Monday, August 10, 2015, 22:16

The proposed new universal health cover will not have any subsidy element but the policy has to be sold by insurers at highly subsidised premium rates.

New health cover for bank employees to be ready by month-end

Last Updated: Sunday, August 2, 2015, 15:03

All state-run general insurers are likely to issue a master mediclaim policy for bank employees through Indian Banks Association (IBA) by this month end.

US health insurance giant Aetna to buy Humana for $37 bn

Last Updated: Friday, July 3, 2015, 18:51

Aetna, the second-largest US health insurance player in market capitalisation terms, said it will pay USD 230 dollars per Humana share in a cash and stock deal to create a new entity with around 33 million customers.

'Pass on discount on health insurance claim to policyholders'

Last Updated: Tuesday, June 23, 2015, 21:36

IRDAI said the discount should be in absolute monetary terms and every insurer shall make these procedures as part of their detailed guidelines on claim settlement.

Panel suggests a new disclaimer for use in insurers' ads

Last Updated: Sunday, May 24, 2015, 11:55

The report has also recommended that there should be greater transparency and clarity to enable policy holders to understand the boundaries of coverage in their policies.

New India Assurance launches insurance products in Dubai

Last Updated: Thursday, May 21, 2015, 14:04

The New India Assurance Company Ltd has launched health insurance products catering to individuals and families in Dubai and Northern Emirates.

Insurance regulator's proposal pose brand equity challenge for banks

Last Updated: Thursday, April 30, 2015, 13:22

The Indian insurance regulator`s proposal to make banks sell policies of at least two insurers of each category - life, general and health - has thrown up an unexpected brand equity challenge for the banks, insurance experts say.

Federal Bank offers health insurance of Rs 1 lakh for new acs

Last Updated: Monday, April 20, 2015, 19:46

South-based lender Federal Bank Monday said it will be offering a health insurance of Rs 1 lakh for all new savings accounts under a tie-up with Max Bupa.

PNB MetLife forays into health insurance segment

Last Updated: Thursday, April 9, 2015, 16:37

The plan returns all the premiums paid in case there is no claim from the policy holder during the policy term and upon survival, PNB MetLife said in a statement.

ESIC board to discuss other health insurance issue

Last Updated: Monday, April 6, 2015, 14:11

The Employees' State Insurance Corporation will discuss Tuesday a proposal to provide an option to its 1.95 crore subscribers to choose health insurance products available in the market in lieu of mandatory scheme run by it.

IRDA slaps Rs 20 lakh fine on Apollo Munich Health Insurance

Last Updated: Monday, March 23, 2015, 20:37

Insurance regulator IRDA has slapped a fine of Rs 20 lakh on Apollo Munich Health Insurance Company, mostly for selling its policies through the website of makemytrip.Com, which is not authorised to sell insurance.

Bupa to up stake in Max India to 49%

Last Updated: Friday, March 13, 2015, 19:16

UK-based healthcare group Bupa will increase its stake in Max Bupa from 26 percent to 49 percent, said the company Friday a day after Parliament approved the law to hike foreign investment cap in the insurance sector.