Mint SecureNow Mediclaim Ratings 2018: The unchanging logic behind our ratings This is the sixth annual edition of the Mint SecureNow Mediclaim Ratings (MSMR). The pace at which the health insurance industry has progressed is extraordinary. The number of products has increased from 55 in 2015 to 107 today. Price increases within an age band […]
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The Mint SecureNow Mediclaim Ratings (MSMR) 2019 : An Increase in A-rated Products
The Mint SecureNow Mediclaim Ratings (MSMR) 2019: An Increase in A-rated Products The Mint SecureNow Mediclaim Ratings (MSMR) have been painstakingly put together each year, for the past 6 years, by a joint Mint-SecureNow team. Months of effort go into collating and validating the data and, over the years, MSMR’s scope has steadily increased. There […]
Insurance claims for treatment trickle in, total over ₹58 lakh
Published in Livemint. It’s only a trickle so far, but health insurance companies have started receiving claims from covid-19 patients after the government allowed private hospitals to treat the disease last week. According to data compiled by the General Insurance Council, an industry body for non-life companies, as on 30 March, the insurance sector has […]
Workshop on Risk Management for manufacturing companies
Published in Unison Times SecureNow Insurance Broker in association with FICCI-CMSME, organized a workshop on Risk Management on the February 22, 2017 at FICCI House, New Delhi. FICCI is a highly regarded industry body in India and its CMSME chapter focuses on small and medium enterprises. The purpose of organizing the workshop was to provide […]
Yes Bank’s FD with COVID cover: Avoid deposits that come with bundled policies
Perhaps alarmed with falling deposits and loss of customers’ confidence, Yes Bank has held rolled out a new scheme. The bank launched a fixed deposit (FD) product with an insurance cover for COVID-19 illness. It has tied up with Reliance General Insurance for the product. Yes Bank will bear the premium cost for a sum […]
Insurers begin to get Covid-19 health insurance claims, but too early to assess impact
Published in Livemint. After the government allowed the private sector hospitals to treat covid-19 patients last week, insurers have begun getting health insurance claims. According to data compiled by the General Insurance Council, an industry body for non-life companies, as of 30th March, the insurance sector got a total of 34 claims, up from 22 […]
Life insurance industry loses 5 lakhs agents in 5 years
Published in Cafemutual on 24th April, 2017 Agent attrition has been an ongoing issue in the life insurance industry. Recent data provided by Life Insurance Council (LIC) shows that over 5.20 lakh agents left the distribution of life insurance policies in the last 5 years. LIC is a trade body of the life insurance industry. The […]
General insurers’ incurred claim ratio improves
Published in Moneycontrol. General insurers saw an improvement in their incurred claim ratio, from 94 per cent in 2017-18 to 91 per cent in to better pricing and claim management. In 2016-17, the ratio for the industry was 105.6 per cent. The incurred claim ratio represents the total claims paid from the net premiums collected […]
Policy evolution post-COVID-19
After COVID-19, insurance policies will no longer look the same. Asia Insurance Review spoke with SecureNow.in’s Kapil Mehta about how conventional insurance covers will be adapted to the new work environment. A new social ecosystem and work environment is emerging as society deals with the pandemic. Insurance, too, will be transformed. SecureNow.in co-founder Kapil Mehta […]
Auto insurance: Here’s how to avoid disputes this monsoon
Published in Livemint Every year during monsoon, insurance companies are flooded with claims of engine seizure due to water ingression. The insurers outright reject these claims. The reason: since it’s not an accident, it’s not covered under the car insurance policy. In technical terms, engine seizure occurring due to water is known as a hydrostatic […]