Published in Moneycontrol With COVID-19 garnering all the attention across the globe, the other Big C – Cancer – has slipped under the radar for now. The temporary dip in focus, however, cannot mask the potent threat it continues to pose. A recent Indian Council for Medical Research (ICMR) report has predicted that cancer cases in the […]
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Max Bupa policyholders lose Max cashless facility
Published in Livemint. MUMBAI : Max Healthcare is in a stalemate with Max Bupa Health Insurance Co. Ltd and has discontinued cashless treatment in its chain of hospitals, leaving policyholders in a fix as they will not be able to avail the cashless claim facility. Max Bupa is a joint venture between Indian private equity […]
Cyber risk insurance in India: More window shoppers than converts even after attacks
Published in Factordaily on 24th August 2017 A company is hit by ransomware every 40 seconds somewhere in the world, thanks to the rise of the ransomware-as-a-service model that is available ‘on demand’ to criminal gangs who increasingly target businesses. To date, 2017 has seen this trend play out in full force, with high-profile attacks […]
Max Healthcare hospitals de-empanel Max Bupa Health Insurance
Published in Livemint. Max Healthcare has de-empanelled Max Bupa Health Insurance Co. Ltd from its chain of hospitals, leaving policyholders in a fix as they will not be able to avail the cashless claims facility. Max Bupa is a joint venture between True North, an Indian private equity firm and UK-based healthcare services firm Bupa. […]
Insurance companies to offer standard covid-19 health policies from 10 July
Published in Livemint. After much deliberation, the Insurance Regulatory and Development Authority of India (Irdai) on Friday published the guidelines for the covid-19 standard benefit-based and the covid-19 standard indemnity health policies. All life, general and standalone health insurance companies have been encouraged to offer the benefit-based policy, while all health and general insurance companies […]
Bank locker theft: Who is liable?
Published in Mint on 20th November, 2017. Around 46 years ago, on a September weekend in London, thieves dug a tunnel to enter Lloyds Bank on Baker Street and broke into the safety deposit boxes of the bank, stealing close to £500,000. Thirty six years later, in 2008, in a movie called The Bank Job, Hollywood […]
Insurance companies can now sell short-term covid-19 health plans
Published in Livemint In a bid to offer better coverage to policyholders amid the covid-19 pandemic, the Insurance Regulatory and Development Authority of India (Irdai) has sent out draft guidelines to all general and health insurance companies, mandating them to offer standard indemnity and fixed-benefit plans for covid-19. Life and general insurers have also been […]
In case of a job loss do check if your company gives you a personal health policy
Published in Moneycontrol Apart from the loss of income and trauma, one of the biggest side effects of losing a job is the loss of health insurance benefits. The going has been tough for many salaried employees across sectors owing to the novel Coronavirus Disease-induced (COVID-19) nationwide lockdown. Many corporates have handed out pay cuts, […]
Standard covid-19 health insurance policy to cover PPE costs
Published in Livemint In a series of back and forth, the Insurance Regulatory and Development Authority of India (Irdai) has once again revised the proposed standard covid-19 health insurance policy. All general and health insurance companies will now have to offer two products: an indemnity as well as a benefit-based health product for covid-19 from […]
Covid-19 impact: Uninsured PPE kits add to hospital bills
Published in Livemint Mumbai: Hospitalizations in the middle of the coronavirus pandemic, even if a patient has not contracted the virus, may add thousands of rupees in out-of-pocket expenses as insurers are unwilling to cover the costs of personal protective gear as they fall in the list of non-payable items. Patients could end up spending […]