Business Insurance
Galaxy health insurance offers extensive benefits for surrogacy and fertility treatments. Details here
A comprehensive health insurance plan that covers the entire gamut of treatments is something that customers look forward to while buying a policy. Now, Galaxy Health Insurance Company, offers coverage for a whole host of treatments from surrogacy, oocyte donor expenses and organ transplantation—all under its ‘Galaxy Promise Signature’ plan. There will be no change…
Health Insurance: What are restoration benefits and why do they matter?
If you are planning to buy a health insurance policy for yourself or your family, apart from the regular check-lists of ‘must-have’ options, you should choose a plan that offers restoration benefits. With the surge in medical inflation, the availability of restoration benefits in a policy can become a shield against astronomical medical bills. Restoration…
Your rights in life and health insurance claims: Unpacking the moratorium clause
Take the case of Kolkata-based Sabita Mukherjea, who had been hospitalized due to a respiratory tract infection. “First, the insurer did not approve the cashless claim and later rejected the reimbursement claim saying hospitalisation was not necessary. I had paid more than seven premiums in the policy,” Mukherjea said. However, as per the moratorium clause…
2024 in Review: The future of life insurance – trends to watch for 2025
The year 2024 has been transformative for India’s life insurance sector, marked by regulatory advancements, evolving customer needs, and innovative product developments. These changes have driven industry growth and reinforced its role in securing the financial well-being of millions of Indian families. The sector has shifted towards greater digitalisation, improved product offerings, and enhanced accessibility,…
HMPV cases surge: Does travel insurance cover viral infection-linked medical emergencies abroad?
A seasonal rise in human metapneumovirus (HMPV) cases in China, Malaysia, Hong Kong, and other Asian countries has raised alarms worldwide. The detection of multiple HMPV cases in India has put government authorities on their toes. While experts term the HMPV surge seasonal, rising viral infections can dampen sentiment around international travel during the holiday…
Can you get health insurance cover for treatment at home? Experts weigh in
Insurers typically require proof of hospitalisation to process a health insurance claim. However, what can be done when someone is too old or unwell to be admitted to a hospital and the sole option is to get treatment at home? Treatment at someone’s home or domiciliary treatment covers medical consultation, nursing care, medical consultation fees,…
Health insurance: ‘Ultimate Care’, ‘Elevate’ and ‘Super Star’ — three policies that offer a range of benefits
Health insurers are getting innovative and are offering jumbo benefits to customers. After ICICI Lombard’s ‘Elevate’ that offers infinite sum insured, 100% cumulative bonus and unlimited restoration benefits and Star Health Insurance’s ‘Super Star’ that provides similar benefits along with the option to lock in your age at entry, wherein premiums are fixed at the…
Mint BFSI Summit | 100% foreign direct investment in insurance in the works
Mumbai: The Insurance Regulatory and Development Authority of India is considering a proposal to increase foreign direct investment in the insurance sector to 100% from 74% now, Deepak Sood, member of Irdai, said at the 17th edition of the Mint BFSI Summit and Awards on Friday. Allowing 100% FDI in insurance may not only open the…