New laws to usher in insurance reforms

[ad_1] NEW DELHI : The government plans to introduce legislation during Parliament’s monsoon session to implement comprehensive reforms, including provisions for a composite insurance licence, relaxed entry barriers for companies, and simplified investment rules, in the insurance sector, two people aware of the development said. In the monsoon session starting 20 July, the Centre is … Read more

Karnataka: Under govt insurance in 5 years, 55 lakh got treatment worth Rs 6,000 crore – ET HealthWorld

[ad_1] Bengaluru: Since its inception in 2018, the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana Arogya Karnataka (AB-PMJAY-ArK) health assurance scheme has benefited about 55 lakh people and Rs 6286. 7 crore has been reimbursed to hospitals towards their treatment. The health department has seen an over 600 per cent increase in reimbursements till 2022-23 compared … Read more

How to bring the benefits of insurance to every doorstep

[ad_1] The National Insurance Awareness Day in India, observed on June 28 serves as a timely reminder of the importance of securing one’s health. From term insurance to life insurance, to health insurance, to home insurance, to car insurance, and more, these policies offer a layer of protection. Roopam Asthana, CEO & Whole Time Director … Read more

Curb Your AI Enthusiasm: Just Look at the Insurtech Carnage

[ad_1] Shares in “insurtech” startups, which look to upend traditional insurance through the use of automation, data and AI, have enjoyed a small bounce lately thanks to the mania unleashed by OpenAI’s ChatGPT. But they remain far below their levels a few years ago, when many went public. Is this a good opportunity for investors … Read more

Maha government’s flagship health insurance scheme to cover all: CM – ET HealthWorld

[ad_1] Mumbai: Maharashtra government’s flagship health insurance scheme will cover the entire population of the state, Chief Minister Eknath Shinde said on Wednesday. The premium of the Mahatma Jyotirao Phule Jan Arogya Yojana (MPJAY) has been increased from Rs 1.5 lakh to Rs 5 lakh, Shinde told reporters after attending the state Cabinet meeting. “The … Read more

MoRTH issues draft rules on premium for mandatory third-party motor cover for FY24

[ad_1] New Delhi: The Ministry of Road Transport and Highways (MoRTH) has issued a new draft notification on the premium for mandatory third-party motor cover for the current financial year (FY24). In the draft notification, MoRTH has proposed not revising the annual motor third party (TP) premium and also suggested reducing premium for a couple … Read more

Airtel Payments Bank to offer customers health Insurance up to ₹5 lakh

[ad_1] Airtel Payments bank has taken a step towards offering easy access to health insurance for its customers by entering into a Corporate Agency Agreement with Care Health Insurance. Through this agreement, Airtel Payments Bank will be able to provide their customers with Care Health Insurance products along with the comprehensive and customised Health Insurance … Read more

The Importance of Professional Indemnity Insurance for Doctors: A Comprehensive Guide – ET HealthWorld

[ad_1] By Deepanker Mahajan In India, the medical profession is held in the highest regard, with doctors being placed on a pedestal akin to that of Gods. However, even the most revered among us are not infallible. Doctors are only human and, as such, are susceptible to making errors in judgement. Yet, the consequences of … Read more

Humana joins UnitedHealth in flagging cost hit from rising surgeries – ET HealthWorld

[ad_1] New Delhi: Humana Inc on Friday joined larger health insurer UnitedHealth in warning of a jump in medical costs this year due to higher-than-expected demand for surgeries and other medical procedures. Health insurers are seeing a rise in payouts as staffing shortages ease at hospitals and older adults covered under Medicare catch up on … Read more