Ghost broking, a type of insurance fraud, has increased by 22% over the past two years. Aviva is calling for a crackdown on this practice to protect young drivers, who are often the target of these scams.
Aviva, a leading insurance company, is warning about the surge in ghost broking cases, where fraudsters pose as legitimate insurance agents to sell fake or invalid motor insurance to young drivers. The company has detected a 22% increase in ghost broking cases since 2023, with fraudsters often targeting young drivers via social media. According to Aviva's data, 84% of young drivers who purchased a fake policy from a ghost broker experienced serious issues, including declined claims and...
North Carolinians Prepare for Rising Health Insurance Costs as Premium Hikes Loom Amid Government Shutdown Deal
North Carolinians are bracing themselves for potential healthcare premium increases as the House of Representatives passes a spending bill to reopen the government. Over 975,000 people in the state, roughly 10% of the population, are enrolled in coverage through the healthcare marketplace. According to Nicholas Riggs, Director of the NC Navigator Consortium, which helps individuals find marketplace coverage options, premiums are expected to rise significantly, with average increases of two to...
Millions of Americans who rely on Affordable Care Act (ACA) health subsidies will face financial hardship and potential loss of coverage if these subsidies expire.
The Affordable Care Act (ACA) is facing a critical juncture as the enhanced premium tax credits that have made healthcare more affordable for millions of Americans are set to expire at the end of the year. If Congress does not extend these credits, over 24 million people who rely on the ACA marketplace for health coverage will see their premiums skyrocket, with some facing increases of over 100%. This will disproportionately affect low- and middle-income individuals, including farmers,...
Jeffries says the fight is not over on health care subsidies as shutdown ends
House Minority Leader Hakeem Jeffries has vowed that Democrats will continue to push for the extension of expiring health insurance subsidies, despite the recent government shutdown ending without the inclusion of these provisions. In an interview with CBS News, Jeffries stated that "House Democrats are in this fight until we win this fight" and that the party remains "strongly opposed" to the bill that passed the Senate with some Democratic support. The bill, which funds the government until...
Uncertainty surrounds the future of health insurance for Americans as a decision on healthcare subsidies remains pending.
Millions of Americans are facing uncertainty about their health insurance due to delayed decisions on Affordable Care Act (ACA) subsidies. The proposed deal to end the government shutdown would push any congressional decision on ACA subsidies to December, leaving those navigating open enrollment in limbo. Without these subsidies, the cost of ACA insurance plans could skyrocket in the new year, with some premiums potentially doubling or quadrupling. President Donald Trump has suggested taking...
Netcore Cloud has opened a new office in Chennai to support the region’s growing customer base.
Netcore Cloud, a leading martech firm, has announced the opening of its new office in Chennai, marking its sixth office in India and second in South India. This expansion reinforces the company's commitment to the growing market and customer base in the region. The Chennai hub will focus on attracting top talent in areas such as Artificial Intelligence/Machine Learning (AI/ML), product engineering, and sales, and will play a key role in delivering innovative solutions to clients. Chennai's...
Aditya Birla Capital Wins 6 Metals at e4m NEONS OOH Awards 2025
Aditya Birla Capital, a leading financial services company, has won six metals at the e4m NEONS OOH Awards 2025 for its three standout campaigns: "Aap Boodhe Hoke Kya Banoge?", "Activ One – ABHI Karo", and "India, Ab Hadh Kar De". These campaigns were recognized for their impact and effectiveness in reaching their target audiences. The "Aap Boodhe Hoke Kya Banoge?" campaign aimed to raise awareness about the importance of retirement planning, while the "Activ One" campaign promoted a...
Will health insurance premiums increase in 2026 and what you need to know following the government reopening vote
The recent vote to reopen the government has raised concerns about the potential impact on health insurance premiums in 2026. The continuing resolution passed by Congress to fund the government through 2024 did not address the looming expiration of the enhanced Affordable Care Act (ACA) subsidies, which are set to end in 2025. This has left many wondering what the future holds for healthcare costs. The enhanced subsidies, introduced during the COVID-19 pandemic, have helped make health...
Chola MS General Insurance launches #SimpleHai campaign to simplify insurance through relatable everyday stories
Cholamandalam MS General Insurance (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, has launched a new digital campaign called #SimpleHai. The campaign aims to change the perception of insurance from being complex and cumbersome to simple and easy to understand. The idea is to show that insurance can be straightforward, transparent, and digitally powered, making it accessible to everyone. The campaign consists of a hero brand film and two motor...
HealthCare.Gov Insurance Enrollment Period Now Open!
It's time to secure health coverage for 2026, and the open enrollment period, which runs from November 1 to January 15, is the perfect opportunity for Texans to find affordable health insurance. Although Congress is not extending enhanced insurance subsidies, subsidies will still be available to make insurance affordable, albeit not as high as they were in the past. If you don't have a current insurance plan, consider enrolling in the marketplace through HealthCare.Gov. You can start your...
South India’s Gen Zs Redefine Financial Discipline – The Tata AIA Life Insurance Study
A recent study by Tata AIA Life Insurance and NielsenIQ has revealed that Gen Zs in South India are leading the way in financial planning, setting a new standard for India's next generation of financial planners. The study, titled "New Age Habits, Traditional Values: Gen Z's Approach to Financial Planning," surveyed working Gen Z individuals (21-29 years old) across eight major cities in India. The findings suggest that South Indian Gen Zs are digitally fluent, financially aware, and...
Aditya Birla Health Insurance has appointed Swati Kulkarni as its new Head of Health Management.
Aditya Birla Health Insurance Company Limited has appointed Swati Kulkarni as its new Head of Health Management. Kulkarni brings over 20 years of experience in entrepreneurship and corporate leadership to the role, having previously co-founded and served as CEO of Elda Health, a company specializing in women's health and wellness. Her background also includes significant leadership roles at several prominent companies, including Nua Woman, Inksedge, Komli Media, Intel Corporation, and...
As deal to end shutdown advances, Catholic groups urge action on health insurance costs
As a deal to end the government shutdown gains momentum, Catholic organizations are urging lawmakers to address the rising costs of health insurance, which they say is a critical issue affecting many Americans. The shutdown, which has left hundreds of thousands of federal workers without pay, has brought attention to the struggles of low- and moderate-income families who are struggling to make ends meet. Catholic groups, including the Catholic Health Association and the US Conference of...
Rajasthan Royals dragged to Supreme Court by insurance company over Sreesanth claim in IPL 2012.
The Indian Premier League (IPL) team Rajasthan Royals is embroiled in a long-standing dispute with the United India Insurance Company over an insurance claim filed due to an injury sustained by player S. Sreesanth in 2012. The Royals had taken out a "Special Contingency Insurance for Player Loss of Fees Cover" policy for the 2012 IPL season, which covered losses incurred due to a player's absence from the tournament. Sreesanth, one of the insured players, suffered a knee injury during a...
Tata AIA has ranked as the top insurer in India in the MDRT (Million Dollar Round Table) rankings for the third consecutive year.
Tata AIA Life Insurance Company Ltd. has achieved a significant milestone by securing the highest number of Million Dollar Round Table (MDRT) members in India for the third consecutive year. With 2,871 MDRT qualifiers, the company has demonstrated an 11% growth from the previous year, showcasing the rising calibre and dedication of its advisors. This achievement has also earned Tata AIA a global ranking of #4. The company's commitment to diversity and inclusion is evident in its all-time high...
NPR is seeking input from individuals who are purchasing health insurance plans under the Affordable Care Act, and wants to hear about their experiences.
The longest federal government shutdown in US history is on the verge of ending, but a crucial healthcare issue remains unresolved. Since 2021, individuals purchasing health insurance through the Affordable Care Act (ACA) marketplaces have received extra assistance in the form of tax credits. However, if Congress fails to reach a compromise, these subsidies will expire for 2026 health plans, affecting approximately 24 million people with ACA plans. As a result, many consumers will face...
Edelweiss-backed India Energy Transition Fund raises $60 million
The India Energy Transition Fund, backed by the Edelweiss Group, has secured $60 million in fresh capital from the European Investment Bank (EIB), a global development finance bank. This investment is part of the fund's efforts to scale its investments in climate action and environmental sustainability domains, including renewable energy, energy efficiency, transmission, battery storage, and electric vehicles. The fund, which is registered in GIFT City, has a target corpus of $300 million and...
Aviva Claims Data Reveals Cost of Winter Sports Injuries
As the winter sports season approaches, leading insurer Aviva is warning holidaymakers to be aware of the potential risks and high medical costs associated with winter sports injuries. According to Aviva's data, the most common winter sports injuries are broken legs, followed by broken arms and head injuries. However, pelvic injuries are the most expensive to treat, with an average cost of £8,354. The data also reveals that Andorra and the USA are the most expensive countries for winter sports...
Aviva has been ordered to pay £660,000 after allegations of fraud against the company collapsed.
The High Court has handed down a significant judgment against Aviva Insurance Limited, ordering the insurer to pay £660,000 in costs. This ruling comes after Aviva's unsuccessful attempt to deny coverage for water damage at the New Northumbria Hotel in Newcastle. The court's decision, delivered on November 7, 2025, marks a substantial defeat for Aviva, which had pursued allegations of fraud against the hotel's owners despite notable weaknesses in its case. The court's criticism of Aviva's...
Tata AIA announces ₹1,842 Cr Bonus
Tata AIA Life Insurance has announced a record bonus payout of ₹1,842 crore for its participating plans in the financial year ending March 31, 2025. This bonus will benefit over 8.15 lakh policyholders, marking a 26% increase from the previous year's payout of ₹1,465 crore. The company's participating plans, such as the Diamond Savings Plan, Smart Value Income Plan, and Shubh Flexi Income Plan, will receive bonuses that are not guaranteed but are typically declared annually based on the...
Edelweiss Mutual Fund introduces India’s first hybrid long-short Structured Investment Fund (SIF)
Edelweiss Mutual Fund has introduced the Altiva Hybrid Long-Short Fund, a new investment strategy under its Specialised Investment Fund (SIF) platform. The fund's New Fund Offer (NFO) is open for subscription from October 1 to October 15. This interval investment strategy combines multiple approaches to generate consistent, income-oriented returns with low volatility. The fund's core allocation focuses on equity arbitrage and high-quality fixed income, while also exploring selective...
The government shutdown is centered around healthcare, raising a fundamental question: does insurance actually save lives?
The current government shutdown in the US is largely due to disagreements over healthcare, specifically the Affordable Care Act (ACA), also known as Obamacare. However, a crucial question arises: does health insurance actually save lives? Research suggests that having health insurance can have a significant impact on health outcomes, including mortality rates. Studies have shown that uninsured individuals are more likely to experience poor health outcomes, including higher mortality rates,...
A travel insurance policy for just 45 paise: Understanding IRCTC’s travel insurance policy and its significance
As train travel remains a vital part of Indian mobility, the Indian Railway Catering and Tourism Corporation (IRCTC) offers an optional travel insurance feature that is often overlooked. For just 45 paise, which is less than a rupee, passengers can enjoy a comprehensive travel insurance coverage that includes accidental death, permanent total disability, permanent partial disability, hospitalization due to injury, and transportation of mortal remains. The coverage kicks in as soon as a...
The Trump administration and Republican-led efforts have sought to repeal and replace the Affordable Care Act (ACA), also known as Obamacare, with alternative health insurance plans.Some key proposals and actions include: 1. Repeal and Replace: Republicans have introduced several bills to repeal and replace the ACA, such as the American Health Care Act (AHCA) and the Better Care Reconciliation Act (BCRA). 2. Short-Term Limited-Duration Insurance (STLDI): The Trump administration has expanded STLDI plans, which provide temporary coverage for up to 12 months, as an alternative to ACA plans. 3. Association Health Plans (AHPs): The administration has also expanded AHPs, which allow small businesses and self-employed individuals to band together to purchase health insurance. 4. Medicaid Work Requirements: Some Republican-led states have implemented work requirements for Medicaid recipients, which can lead to loss of coverage for those who do not comply. 5. Pre-Existing Conditions: The Trump administration has taken steps to undermine protections for individuals with pre-existing conditions, such as supporting lawsuits that challenge the ACA’s provisions.
US President Donald Trump has proposed a compromise on health insurance payments to end the ongoing government shutdown. In a Truth Social post, Trump suggested that federal payments currently being sent to insurance companies under the Affordable Care Act (ACA) should be sent directly to Americans. This would allow individuals to purchase their own healthcare, potentially with better coverage and leftover funds. The proposal comes after Senate Republicans rejected a deal offered by Democratic...
IFFCO-Tokio General Insurance launches surety bond insurance
IFFCO-Tokio General Insurance has introduced a new insurance product called Surety Bond Insurance, which aims to provide a risk mitigation solution for the infrastructure sector. This launch comes after the Insurance Regulatory and Development Authority of India (IRDAI) permitted general insurers to issue surety insurance bonds in April 2022. The Surety Bond Insurance is a legally enforceable tripartite contract that provides a hedge against the risks involved in infrastructure projects. In...
Trump has indicated that he is unwilling to compromise on a shutdown related to the Affordable Care Act, referring to it as the worst healthcare anywhere in the world.
The US government shutdown has entered its 39th day, with no clear end in sight. President Donald Trump has made it clear that he is unlikely to compromise with Democrats, who are demanding an extension of Affordable Care Act tax credits. Trump has suggested that Congress send money directly to people to buy insurance, but this proposal is not being considered as a solution to end the shutdown. Senate Majority Leader John Thune has signaled an openness to a proposal from moderate Democrats to...
Edelweiss AMC has transformed its investment management with the implementation of Snowflake’s AI Data Cloud, as reported by ETCIO.
Edelweiss Asset Management Company Ltd. (Edelweiss AMC), a leading Indian mutual fund company, has upgraded its data infrastructure with Snowflake's AI Data Cloud. This modernization has enhanced operational agility, investor experience, and risk management. Edelweiss AMC previously struggled with legacy databases, fragmented data silos, and reporting delays. However, with Snowflake's unified, cloud-native environment, the company can now manage larger data volumes and complex workloads...
Tata AIA Life Insurance has taken a significant digital leap, revolutionizing the life insurance experience with future-ready protection solutions.
Tata AIA Life Insurance has embarked on a digital transformation journey to provide future-ready protection to its customers. The company has introduced a range of digital initiatives to redefine the life insurance experience, making it more accessible, convenient, and personalized. With the aim of becoming a leader in the digital insurance space, Tata AIA has leveraged technology to simplify the insurance-buying process, enhance customer engagement, and provide seamless claims settlement. One...
Talks to end the US shutdown appear promising, according to the Senate majority leader.
US Senate Majority Leader Chuck Schumer has expressed optimism about the ongoing talks to end the partial government shutdown in the United States. According to Schumer, the negotiations between Democratic and Republican lawmakers are showing promise, and a resolution to the impasse may be within reach. The government shutdown, which began several weeks ago, has left hundreds of thousands of federal employees without pay and disrupted various government services. The shutdown was triggered by...
PNB MetLife has collaborated with Policybazaar to launch a new ULIP-based pension consumption fund.
PNB MetLife India Insurance Company Limited has partnered with Policybazaar to introduce a new initiative focused on retirement planning for Indian customers. The collaboration has resulted in the launch of the Pension Consumption Fund under PNB MetLife's Unit-Linked Insurance Plans (ULIPs). This fund aims to provide a solution for individuals seeking financial independence in their later years by generating long-term capital growth through investments in companies that benefit from India's...
Aviva Ventures has made an investment in Indico Data, a company specializing in insurance automation.
Aviva Ventures, the venture capital arm of British insurer Aviva, has made a strategic investment in Indico Data, a company that specializes in AI-driven automation for insurance operations. This investment is expected to support the adoption of Indico Data's solutions by property and casualty (P&C) insurers worldwide. As part of the deal, Aviva's chief innovation officer, Arslan Hannani, will join Indico's Board of Directors as a board observer and advisor. Indico Data's Agentic AI platform...
At 80, IFFCO MD Awasthi retires after serving company for over 49 years
U.S. Awasthi, the longest-serving CEO of a fertilizer company, has retired as the Managing Director of Indian Farmers Fertiliser Cooperative Limited (Iffco) after a three-decade stint. Awasthi, who turned 80, has been succeeded by K.J. Patel, who has taken charge as the new MD. Awasthi joined Iffco in 1976 as a chemical engineer and rose through the ranks to become the MD in 1993. During his tenure, he played a crucial role in shaping the company's trajectory and elevating it to global...
A consumer panel has ordered an insurance company to pay Rs 93 lakh in a case related to a suicide claim.
The Chennai North District Consumer Disputes Redressal Commission has directed Tata AIA Insurance Company to pay a widow, Saranya, a sum of Rs 92.84 lakh with interest, after her husband, K Gunasekar, died by suicide in 2024. Gunasekar had purchased a 40-year life insurance policy from Tata AIA in 2020, naming Saranya as the nominee, with a coverage of Rs 1.10 crore. Although he paid premiums until 2023, the company refused to pay the full death benefit, citing policy clauses, and instead...
Senate Republicans reject Democrats’ health care offer, government shutdown continues
President Trump met with Hungarian Prime Minister Viktor Orbán at the White House on November 7, 2025, and reiterated his call for Senate Republicans to abolish the filibuster to end the ongoing government shutdown. The filibuster is a Senate rule that requires a 60-vote threshold to advance most legislation. Trump argued that eliminating the filibuster would allow Republicans to pass legislation and "open up the country" quickly. Trump expressed frustration with Senate GOP leaders who have...
PNB MetLife’s 360 BIZ Delivers Insurance Innovation
PNB MetLife India Insurance Company Limited has launched a new digital platform called 360 BIZ, designed to simplify group insurance and employee benefits administration for companies. The platform aims to elevate the employee experience by providing a seamless and digital experience for both employees and employers. 360 BIZ brings together a wide range of benefits, including Group Term Life, Voluntary Group Life, and Critical Illness cover for employees. The platform offers several key...
Shiv Sena leaders vandalise IFFCO Tokio Insurance Company’s office in Pune
Shiv Sena party workers and leaders vandalized the office of insurance company IFFCO Tokio in Pune on Wednesday, protesting the delay in disbursement of insurance amounts to farmers affected by unseasonal rains. The farmers in several parts of Maharashtra have suffered significant losses due to the heavy rains that have damaged their Kharif crops, including soybean, jowar, maize, and cotton. The protesters, numbering around 35, stormed into the IFFCO Tokio office, located in Koregaon Park, and...
Ghost broking scams are on the rise, prompting Aviva to demand a crackdown to safeguard young drivers.
A recent survey conducted by Aviva, a leading insurance provider, has shed light on the growing concern of ghost brokers targeting young drivers on social media. The survey, which polled 2,000 young drivers, revealed that nearly one in three had purchased car insurance through social media platforms. This is a worrying trend, as ghost brokers are known to be highly active on these platforms, preying on unsuspecting victims. The survey's findings are alarming, with 84% of those who were scammed...
The Consumer Disputes Redressal Forum has directed an insurance company to pay compensation to a policyholder for wrongfully denying an accident claim.
The Ernakulam district consumer disputes redressal commission in Kochi has ordered Aditya Birla Health Insurance Company to compensate a policyholder, Joy Paulose, for wrongfully denying a legitimate claim for accident treatment expenses. The insurance company had cited 'non-disclosure of pre-existing conditions' as the reason for denying the claim. However, the commission found this reasoning to be unlawful and against the principles of the insurance contract and Consumer Protection Act....
Tata AIA Life Insurance has taken a significant digital leap, redefining the life insurance experience with future-ready protection solutions. This move is part of the company’s efforts to enhance customer engagement and provide seamless services. With the integration of technology, Tata AIA aims to make life insurance more accessible and convenient for its customers. The digital transformation is expected to revolutionize the way life insurance is perceived and consumed in India, providing customers with a more personalized and intuitive experience. By leveraging digital platforms, Tata AIA is poised to stay ahead of the curve and address the evolving needs of its customers.
Tata AIA Life Insurance has taken a significant digital leap to redefine the life insurance experience in India. The company has introduced a range of innovative digital solutions to provide future-ready protection to its customers. With the aim of making life insurance more accessible and convenient, Tata AIA has leveraged technology to create a seamless and user-friendly experience for its policyholders. One of the key digital initiatives introduced by Tata AIA is the launch of its mobile...
A widow is having difficulty accessing her late husband’s pension due to the lack of an official cause of death.
A widow has been left unable to access her late husband's pension due to a dispute over the cause of his death. The case highlights the challenges that bereaved families can face when trying to navigate complex pension rules and regulations. The widow, who wishes to remain anonymous, had been married to her husband for over 30 years when he passed away suddenly. He had a pension with a major provider, which she believed would provide her with a degree of financial security in the event of his...
ABL to oversee ONGC rig moves in Indian waters
Energy and marine consultancy ABL has secured a contract with India's Oil and Natural Gas Corporation Limited (ONGC) to oversee the company's rig moves between September 2025 and May 2026. The contract, awarded through United India Insurance (UIIC), positions ABL as the marine warranty surveyor for an anticipated 25 ONGC rig moves. Additionally, ABL will serve as tow master and marine warranty surveyor for approximately 70 moves on third-party jackup units within ONGC's fields off the west...
Conversions are increasing, as is customer trust.
In an interview with ETCIO, Soumya Ghosh, CTO of Tata AIA Life Insurance, discussed the company's digital transformation journey and how it is leveraging technology to drive innovation and customer-centricity. Ghosh emphasized that innovation is a company-wide effort and not just a matter of relying on inspiration or luck. He highlighted the challenges of managing legacy systems while enabling innovation, but noted that Tata AIA Life Insurance has made significant progress in this area. The...
PNB MetLife has launched ‘360 BIZ’, a digital platform.
Two significant developments have been announced in the fields of insurance and technology. Firstly, PNB MetLife has launched a new digital platform called '360 BIZ' aimed at simplifying group insurance and employee benefits administration for companies. This platform seeks to provide a seamless and transparent experience for both employers and employees through an integrated digital interface. The introduction of '360 BIZ' is expected to enhance the overall employee experience by making it...
Tata AIA Tops India in MDRT Rankings for Third Consecutive Year – ThePrint – ANI Press Releases
Tata AIA Life Insurance Company has achieved a remarkable milestone by ranking 4th globally in the Million Dollar Round Table (MDRT) rankings. MDRT is considered the gold standard in financial advice, and being a member is a testament to an advisor's expertise, ethical conduct, and commitment to delivering excellent service. Tata AIA's MDRT-qualified advisors have demonstrated the highest level of professional knowledge, ensuring that consumers receive exceptional service and guidance. The...
Insurers may pass on the best benefits to customers following GST cuts, according to Edme Insurance Brokers’ COO.
Edme Insurance Brokers Ltd., formerly Aditya Birla Insurance Brokers Ltd., is working closely with insurers to determine the pricing of products following the GST Council's decision to reduce the GST on individual life and health insurance policies from 18% to 0%. According to Gaurav Gupta, Chief Operating Officer of Edme Insurance Brokers Ltd, the reduction in GST will impact insurers' ability to avail input tax credit, which was previously used for brokerage, commission, and overhead...
Almost two thirds of mid-retirees have not had essential conversations about finances
A recent study by Aviva and Age UK has found that many mid-retirees in the UK are not prepared for the financial challenges of retirement. The survey of 1,000 mid-retirees (aged 65-75) found that almost two-thirds (64%) have not had essential conversations with family or friends about managing their financial affairs should they become unable to do so independently. Additionally, only a third (36%) of mid-retirees know all the details of their partner's pension, and more than four in five...
ManipalCigna Diwali Health Insurance’s campaign ‘Jiske Paas, Lakshmi Maa Karein Waha Niwas’ redefines prosperity to address India’s health insurance deficit
As India celebrates the festival of Diwali, ManipalCigna Health Insurance has launched a new campaign titled "Health Insurance Jiske Paas, Lakshmi Maa Karein Waha Niwaas," which translates to "Where there is health insurance, Goddess Lakshmi resides." The campaign aims to remind people that while wealth and prosperity are important, they can only be truly enjoyed when health is protected. During Diwali, families often focus on decorating their homes, buying gifts, and welcoming Goddess...
ABL Secures Rig Moving Assignment with India’s ONGC
ABL has been appointed by United India Insurance to oversee the Oil and Natural Gas Corporation's (ONGC) rig moves in India. The contract, which runs from September 2025 to May 2026, involves ABL acting as a marine warranty surveyor for 25 anticipated ONGC rig moves. Additionally, ABL will be involved in 70 moves onboard third-party Jack-up units within ONGC's fields off the west coast of India. This includes 34 rig moves to new locations ahead of the Indian monsoon season from March to June....
Aviva deepens partnership with Hyperexponential – Coverager
Aviva, a leading insurance company, has strengthened its partnership with hyperexponential, a technology firm specializing in data analytics and artificial intelligence (AI). The collaboration aims to enhance Aviva's data-driven decision-making capabilities and drive business growth. Hyperexponential's innovative platform uses advanced analytics and machine learning algorithms to process large datasets, providing actionable insights that help insurers like Aviva optimize their operations,...
PNB MetLife has launched ‘360 BIZ’, a digital platform.
Two significant developments have taken place in the Indian market. Firstly, PNB MetLife has launched a new digital platform called '360 BIZ' aimed at simplifying group insurance and employee benefits administration for companies. This platform seeks to provide a seamless and transparent experience for both employers and employees by integrating all aspects of group insurance into a single digital interface. The introduction of '360 BIZ' is expected to enhance the overall employee experience...
Scorching Summers Ahead: Why Your Car Needs Summer Protection Cover Against Heatwave Damage
As the Indian summers continue to intensify, with over 200 heatwave days recorded in 2023, car owners are advised to take proactive steps to protect their vehicles from the extreme heat. Prolonged exposure to high temperatures can lead to expensive repairs and safety hazards, affecting the battery life, tyre pressure, and engine performance. To mitigate these effects, car owners can take several precautionary steps, including parking in the shade, ventilating the car before driving, checking...
OPD Health Insurance Cover: Understanding What’s Included and How it Works
OPD (Outpatient Department) health insurance cover is designed to provide financial protection against medical expenses incurred when receiving treatment or consultation as an outpatient. This type of coverage is crucial because it helps manage the costs associated with doctor consultations, diagnostic tests, and treatments that do not require hospital admission.
What Does OPD Health Insurance Cover Include?
- Doctor Consultations: Fees for consulting doctors and specialists.
- Diagnostic Tests: Expenses for blood tests, X-rays, MRI scans, and other diagnostic procedures.
- Medications and Prescriptions: Costs of medicines and drugs prescribed by doctors.
- Physiotherapy Sessions: Expenses related to physical therapy treatments.
- Dental and Ophthalmology Treatments: Certain insurance plans may cover dental procedures and eye treatments.
How Does OPD Health Insurance Work?
- Policy Purchase: An individual buys an OPD health insurance policy, either as a standalone policy or as part of a comprehensive health insurance plan.
- Premium Payment: The policyholder pays a premium, which can be monthly, quarterly, half-yearly, or annually, depending on the terms of the policy.
- Treatment or Consultation: When the policyholder requires medical attention, they visit a doctor or a hospital (if it’s part of the network) without needing to be admitted.
- Claim Process: Depending on the insurance provider, the policyholder may need to pay upfront and then claim reimbursement or have the expenses directly settled by the insurance company if it’s on a cashless basis.
- Coverage and Limitations: The insurance company covers the expenses as per the policy terms, which may include sub-limits (a limit on the coverage for specific expenses), co-payments (a portion of the expenses that the policyholder must pay), and exclusions (expenses or treatments not covered by the policy).
Understanding the specifics of an OPD health insurance cover, including what is included and how it operates, is essential for making informed decisions about health insurance needs. Always review the policy terms and conditions carefully to ensure the coverage aligns with your health care requirements.
Outpatient Department (OPD) health insurance cover is a type of insurance that provides financial support for routine medical expenses that do not require hospitalization. This type of coverage is essential for managing the costs of doctor consultations, diagnostic tests, prescription medicines, and minor procedures. According to Policybazaar, OPD benefits typically cover general physician visits, specialist consultations, blood tests, X-rays, MRIs, and pharmacy bills. The cost of a single...
Tata AIA has introduced Health Buddy and Health SIP, providing comprehensive protection for individuals.
Tata AIA Life Insurance has introduced two innovative solutions to address the health challenges faced by families in India. The first solution is Tata AIA Health Buddy, a 24x7 virtual health and wellness companion that provides round-the-clock access to various health services. This includes preventive check-ups, vaccinations, doctor consultations across 24 specialties, medical second opinions, fitness and diet guidance, and wellness consultations for women and dental care. The service is...
Edelweiss Alts, a stressed assets fund, has formed a governance committee and settled a case with the Securities and Exchange Board of India (SEBI).
The Edelweiss group's alternative investment arm and its stressed assets fund have settled allegations with the Securities and Exchange Board of India (SEBI) regarding conflicts of interest and failure to act in the best interest of investors. The allegations were raised in a show-cause notice issued by SEBI in July 2024, which claimed that the fund and its manager had failed to exercise independent professional judgment and had submitted inaccurate information to its trustee. To address these...
Indian PSUs and NGOs shine at THE INDIANPSU CSR Impact Award – 2025
The INDIANPSU CSR Impact Award 2025 was a memorable evening held at the Mirza Ghalib Chamber, SCOPE Convention Centre in New Delhi. The event was attended by a large and enthusiastic audience, with Chairman Prasar Bharati, Mr. Navneet Kumar Sehgal, as the Chief Guest. Mr. Sehgal praised the efforts of Public Sector Undertakings (PSUs) in building the nation and expressed hope that loss-making PSUs will soon turn profitable. The guests of honor included Mr. Deepak Mishra, Mr. Rajeev Agarwal,...
Radhika Gupta explains how Edelweiss MF’s new Multi Asset Omni FoF offers a simple yet powerful construct.
Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, has addressed the growing demand for hybrid-style index funds. While a regulatory framework for these funds is currently lacking, Gupta suggests that Fund of Funds (FoFs) can achieve similar outcomes. She highlighted Edelweiss Mutual Fund's new Multi Asset Omni FoF, which offers diversified exposure across asset classes with a static allocation of 65% in large and midcap equities, 20% equally divided between gold and silver, and 15% in debt....
Oscar Health launches 2026 DFW plans with $0 virtual care
Oscar Health, Inc. is introducing affordable, tech-powered health plans for individuals, families, and businesses in the Dallas/Fort Worth region. The plans will be available on the individual marketplace for 2026 Open Enrollment, starting January 1, 2026. The company offers a range of plans, including Bronze, Silver, and Redesigned Gold Plans, which provide coverage options for all budgets, health needs, and cultural backgrounds. The plans include convenient access to top providers, $0...
Treatment up to ₹5 lakh; Norka Care health insurance launched; Registration still open
The Government of Kerala has launched a health and accident insurance scheme called Norka Care, which is now active and covering over 4 lakh Malayalis. The scheme, implemented in association with New India Assurance, provides medical coverage of up to ₹5 lakh and accidental death coverage of up to ₹10 lakh. The insurance policy is available to both domestic and overseas Malayali expatriates, and individuals up to the age of 70 years can enroll. As of October 31, a total of 1,02,524 families...
Jammu and Kashmir government constitutes UT-Level Insurance Committee to enhance insurance coverage
The Government of Jammu and Kashmir has established a Union Territory Level Insurance Committee (UTLIC) to oversee the implementation of the UT Insurance Plan. This committee aims to increase insurance awareness and penetration throughout the Union Territory. The decision was formalized through a government order issued by the General Administration Department on July 9, 2025. The committee will be headed by the Administrative Secretary of the Finance Department and will comprise top officials...
IFFCO-Tokio ventures into Surety Bonds sector
IFFCO-Tokio General Insurance has introduced its surety bonds business, a move aimed at supporting India's growing infrastructure sector. Surety bonds are legally binding contracts that serve as a risk-mitigation tool for projects, providing an alternative to traditional bank guarantees. By launching this product, IFFCO-Tokio seeks to increase access to surety bonds for contractors, particularly small and medium-sized firms, and foster trust among stakeholders. The construction sector in India...
Rising health insurance costs are affecting Kansans as Congress debates subsidies.
The rising cost of health insurance is affecting many Kansans, particularly those who rely on the Affordable Care Act (ACA) marketplace for coverage. As Congressional lawmakers debate the future of healthcare subsidies, Kansas residents are facing increased premiums and deductibles, making it difficult for them to afford essential medical care. In Kansas, the average benchmark premium for a 40-year-old individual has increased by 10% this year, with some plans experiencing hikes as high as...
Aditya Birla Capital has appointed Vishakha Mulye as its new Managing Director and Chief Executive Officer.
Vishakha Mulye is a seasoned executive and the current Managing Director and CEO of Aditya Birla Capital Limited (ABCL). She has been instrumental in driving the company's transformative journey, anchored on the principles of 'One Customer, One Experience, and One Team'. Under her leadership, ABCL has expanded its offerings across various financial services, including loans, investments, insurance, and payments. The company has also developed an omnichannel D2C platform, delivering...
Tata AIA has introduced a term plan that offers both lump-sum and monthly income benefits.
Tata AIA Life Insurance has launched a new term insurance plan called Shubh Family Protect, which offers a unique combination of an immediate lump-sum payout and monthly income for beneficiaries for 10 to 30 years. This product is positioned as a first-of-its-kind solution that addresses the challenges families face in managing large payouts after a policyholder's death. The plan allows policyholders to nominate multiple beneficiaries, including spouses, children, and parents, and offers...
Dr. Awasthi has bid farewell following 40 years of providing visionary leadership.
Dr. Udai Shanker Awasthi, the Managing Director of the Indian Farmers Fertiliser Cooperative Limited (IFFCO), will retire on July 31, 2025, after a distinguished career spanning over four decades. During his tenure, Dr. Awasthi has played a pivotal role in transforming IFFCO into a world-renowned cooperative conglomerate, elevating it to unparalleled global prominence. As a chemical engineer from Banaras Hindu University, Dr. Awasthi joined IFFCO in 1976 and rose through the ranks to become...
Aviva refused to provide assistance to our ailing son following a five-month waiting period.
A family in Belfast has been struggling to care for their 16-year-old son who has a degenerative disease called spinal muscular atrophy with respiratory distress (SMA-RD). The disease has left him paralyzed in all four limbs and in need of round-the-clock care. The family has been paying £60 a month for a critical illness policy with Aviva since 2007, but the insurance company has refused to pay out, citing that the condition was present at birth and therefore not covered. The family's son was...
Edelweiss MF’s Altiva Hybrid Long-Short SIF collects Rs 320 crores
Edelweiss Mutual Fund has successfully closed its first fund, the Altiva Hybrid Long-Short Fund, under the Altiva SIF platform, raising approximately Rs. 320 crore. The fund's successful subscription reflects the growing demand for innovative and resilient investment solutions that combine stability with tax efficiency. According to Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, the success of the fund reinforces the trend of investors seeking structured, multi-strategy products that can...
ManipalCigna’s ‘Samman’ Initiative Honors Financial Advisors
ManipalCigna Health Insurance, a leading health insurance company in India, has launched an initiative called "Samman" to recognize and celebrate the contributions of financial advisors who have played a crucial role in promoting health insurance and financial protection across the country. The initiative aims to honor the dedication and hard work of these advisors, who have guided individuals and families towards financial security. The "Samman" initiative has already reached over 2,000...
Health insurance costs are increasing as financial assistance decreases, potentially impacting Champaign-Urbana.
The Affordable Care Act (ACA) marketplace is set to open for enrollment on November 1, but the average monthly premiums for 2026 plans are expected to more than double unless Congress extends subsidies that help cover those costs. The nonpartisan Congressional Budget Office estimates that if the subsidies expire, four million people will lose their coverage and become uninsured. This would have significant ripple effects throughout the community, including an increase in uncompensated care for...
Sharp premium drop hits general insurers in August; New India Assurance down 47% MoM
The Indian insurance sector experienced a decline in premium collections in August, with several leading insurers reporting sharp drops on a month-on-month (MoM) basis. In the general insurance segment, New India Assurance saw the steepest decline, with premiums falling 47% MoM to ₹2,197 crore. However, the company attributed this drop to the timing of policy receipts, citing the receipt of a quarterly installment of a government health policy in the previous month. Despite this, New India...
Aviva and Tesco have launched a life insurance partnership.
Aviva has partnered with Tesco Insurance & Money Services to launch a new life insurance product for Tesco customers. This partnership brings together Tesco's brand recognition and customer focus with Aviva's underwriting expertise and reputation in the protection industry. The new life insurance plan, available at tescoinsurance.com, offers a simple and fully mobile-optimized digital quote-and-apply service, with premiums starting from £5 per month. Tesco Clubcard members will benefit from...
360 BIZ: Transforming Employee Benefits through Seamless Digital Solutions
PNB MetLife India, a leading life insurance company, has launched a revolutionary digital platform called 360 BIZ, designed to transform the way businesses manage group insurance and employee benefits. The platform aims to simplify processes, enhance the employee experience, and provide comprehensive coverage and flexible benefits all in one place. With 360 BIZ, businesses can access a range of features, including group term life, critical illness coverage, and voluntary life insurance...
How Much More Would People Pay in Premiums if the ACA’s Enhanced Premium Tax Credits Expire? | KFF
The Health Insurance Marketplace Calculator is a tool designed to help individuals understand their options for health coverage and estimate their eligibility for financial assistance. However, users may encounter technical difficulties or have questions about how to use the calculator. To address these issues, the calculator's FAQs provide guidance on troubleshooting, understanding results, and navigating the complexities of health insurance premium tax credits. If users experience technical...
Court Overturns Insurer’s Definition of ‘Accident’
The Uttarakhand State Consumer Disputes Redressal Commission recently ruled in favor of a complainant, Smt. Meera Srivastava, in a case against IFFCO Tokio General Insurance Co. Ltd. The insurance company had denied a personal accident insurance claim made by Srivastava after her husband's death due to complications from rabies. The policy had been taken out as part of a personal loan agreement, and the husband had been covered from July 2010 to July 2011. The insurer repudiated the claim,...
Aviva has launched an online life insurance service for Tesco shoppers.
Aviva has partnered with Tesco to offer life insurance products through the supermarket's website. This marks the first time life insurance products have been available on the Tesco Insurance website, which already offers car, home, pet, and travel insurance. Customers can now purchase life insurance online through a digital quote and apply service, with policies starting from £5 per month and covering up to £5m. The policies are available in level and decreasing cover versions, with a joint...
Family health insurance in Kerala plays a vital role in promoting wellness and preventive care by providing financial protection against medical expenses, encouraging regular health check-ups, and covering costs for preventive screenings and vaccinations. This enables families to prioritize their health and wellbeing, reducing the risk of chronic diseases and improving overall quality of life. By covering expenses for doctor visits, diagnostic tests, and hospital stays, family health insurance in Kerala helps families access necessary medical care, fostering a culture of preventive care and early intervention.
Kerala is one of the most health-conscious states in India, with a strong emphasis on wellness and prevention. Health insurance companies in the state offer targeted wellness programs and preventive care as part of their policies, which play a significant role in promoting overall well-being. The best health insurance plans for families in Kerala should include features that motivate and encourage policyholders to reach their wellness goals. One of the key ways that family health insurance...
PNB MetLife’s 360 BIZ Revolutionizes Insurance with Innovative Solutions This Week
PNB MetLife India Insurance Company Limited has launched a digital platform called 360 BIZ, designed to simplify group insurance and employee benefits administration for companies of all sizes. The platform provides a seamless digital experience, bringing together comprehensive insurance coverage and flexible employee benefits. It offers a range of benefits, including Group Term Life, Voluntary Group Life, and Critical Illness cover for employees. The platform has several key features for...
Aviva: Rewiring the insurance claims journey with AI – McKinsey & Company
Aviva, a leading insurance company, has embarked on a journey to revolutionize its claims process by leveraging Artificial Intelligence (AI). In partnership with McKinsey & Company, Aviva aimed to transform the claims experience for its customers, making it faster, more efficient, and more personalized. The goal was to reduce the time and effort required to process claims, while also improving customer satisfaction and loyalty. To achieve this, Aviva implemented an AI-powered claims...
As Obamacare enrollment begins, certain groups should be concerned about their coverage.
As the open enrollment period for the Affordable Care Act (ACA), also known as Obamacare, begins, there are concerns about the potential impact of recent changes on the program. The Trump administration has made several modifications to the ACA, which may affect the number of people who enroll and the quality of coverage. Here are some key groups that should be worried: Low-income individuals and families: The Trump administration has reduced funding for outreach and advertising, which may...
Bhutani reviews IFFCO-TOKIO onboarding of cooperatives
The Union Ministry of Cooperation held a high-level review meeting on Tuesday at Atal Akshay Urja Bhawan in New Delhi. The meeting, chaired by Secretary Dr. Ashish Kumar Bhutani, aimed to assess the progress of IFFCO-TOKIO in onboarding cooperatives and outlining its business expansion strategies. The discussions focused on key areas such as strengthening cooperative outreach, widening insurance coverage, and aligning the company's growth plans with the Ministry's objectives. Dr. Bhutani...
NORKA Care health scheme reaches 1 lakh enrollment milestone, coverage to commence on November 1st
The Kerala government's NORKA Care health and accident insurance scheme for expatriate Keralites and their families has achieved a significant milestone by enrolling over 100,000 beneficiaries within just 40 days of its launch on September 22, 2025. This innovative scheme, implemented by the Kerala government through NORKA Roots, offers comprehensive coverage, including Rs 5 lakh health insurance and Rs 10 lakh accident insurance per family. The enrollment drive has seen extensive...
Motor Accident: Insurer Must Pay Compensation Even If Route Permit Violation Occurs, Can Recover From Owner – Supreme Court
The Supreme Court of India has ruled that insurance companies cannot deny compensation to accident victims simply because the vehicle involved was not following its permitted route. This decision was made in the case of K Nagendra v The New India Insurance Co Ltd, where a bus had strayed from its sanctioned route at the time of a fatal accident. The insurer, The New India Insurance Company Limited, had challenged the High Court's direction to pay compensation first and later recover from the...
Aviva has invested in Indico Data, a provider of insurance automation solutions.
Aviva Ventures, the venture capital arm of British insurer Aviva, has made a strategic investment in Indico Data, a company that specializes in AI-driven automation for insurance operations. The investment is expected to support the adoption of Indico Data's solutions by property and casualty (P&C) insurers worldwide. As part of the transaction, Aviva's chief innovation officer, Arslan Hannani, will join Indico's Board of Directors as a board observer and advisor. Aviva Ventures focuses on...
According to ManipalCigna Health Insurance, there has been a significant increase in dengue claims over the past 5 years, with a rise of 66%. South India has been identified as the leading region in this spike in cases.
According to data from ManipalCigna Health Insurance, health insurance claims for monsoon-related illnesses have increased at a compound annual growth rate (CAGR) of 34% over the past five years. The most common and costly illness during this season is dengue, with claims rising at a staggering 66% CAGR between 2020 and 2024. This significant increase can be attributed to the higher cost of treating dengue compared to other monsoon-linked illnesses, such as malaria and viral fevers. The study...
Motilal Oswal
Aditya Birla Capital (ABCAP) has released its 2QFY26 consolidated results, showcasing a 4% year-over-year (YoY) increase in revenue to approximately INR124.8 billion. The company's consolidated profit after tax (PAT), excluding one-off items, grew 3% YoY to around INR8.55 billion. The overall lending book, comprising both non-banking financial companies (NBFC) and housing, exhibited a significant 29% YoY growth and a 7% quarter-over-quarter (QoQ) increase, reaching approximately INR1.78...
Gold Coast Health Plan has announced the appointment of a new Chief Operating Officer.
Gold Coast Health Plan (GCHP) has announced the appointment of Suma Simcoe as its new Chief Operating Officer (COO), effective October 15, 2025. Simcoe brings over two decades of managed care experience to the role, having held senior positions at L.A. Care Health Plan and Molina Healthcare. She has a proven track record of transforming complex challenges into sustainable results and has expertise in all aspects of managed care operations, including enrollment, claims, and provider relations....
The Madras High Court has ruled that a borrower of a vehicle is equivalent to the owner in terms of liability and therefore, cannot claim compensation for an accident. According to the Motor Vehicles Act, when a person borrows a vehicle, they assume the responsibilities and liabilities associated with its ownership, at least in the context of accidents. This means that if the borrower is involved in an accident, they cannot seek compensation as they would be considered the owner of the vehicle for the purposes of the Act. The court’s decision effectively places the borrower in the shoes of the owner, making them responsible for any damages or liabilities arising from the accident, rather than allowing them to claim as a third party might.
The Madras High Court has ruled that a person who borrows a vehicle from its owner cannot claim compensation similar to a third party. This decision was made by Justice R Poornima of the Madurai bench, who referenced a Supreme Court case, Ramkhiladi and another Vs. United India Insurance Company and another. In that case, the court held that a claim petition under Section 163A was not maintainable by a borrower or permissible user of a vehicle against the owner or insurer of the vehicle. The...
ACA ‘window shopping’ for health care costs begins as shutdown fight continues: NPR
The Affordable Care Act (ACA), also known as Obamacare, is currently at the center of a government shutdown. Democrats are fighting to extend tax credits that help people pay for health care through the ACA exchanges, warning that without these subsidies, health care costs would skyrocket for millions of people. As the open enrollment period for 2025 begins, some individuals have started "window shopping" for health insurance plans, and some may see significant increases in their premiums....
Aditya Birla Capital’s Q2 profit rises 3% to Rs 855 crore
Aditya Birla Capital, the financial services arm of the Aditya Birla Group, has reported a 3% increase in consolidated net profit for the second quarter ended September 2025. The company's net profit stood at Rs 855 crore, up from Rs 834 crore in the same quarter of the previous financial year. The total income of the company rose to Rs 10,609 crore during the quarter, compared to Rs 10,362 crore a year ago. The interest income of the company increased to Rs 5,003 crore, up from Rs 4,141 crore...
Mumbai: Consumer Protection Body Orders Manipal Cigna To Reinstate Health Insurance Policy & Compensate ₹3 Lakh To Client For Mental Agony
A consumer protection body in Mumbai has ordered Manipal Cigna Health Insurance Company to reinstate a health insurance policy and compensate a client ₹3 lakh for the mental agony caused. The client, a Mumbai resident, had purchased a health insurance policy from Manipal Cigna in 2018. However, the insurance company cancelled the policy in 2020 without providing any valid reason. The client had paid all the premiums on time and had not made any claims under the policy. Despite this, the...
The innovations from Swiss and Edelweiss in summer 2026 include new routes and increased frequencies on existing ones, with Swiss introducing flights to destinations such as Bangkok and Edelweiss expanding its network to include cities like Tromsø and Kuusamo.
Swiss International Air Lines has announced its summer 2026 flight schedule, which includes new destinations, increased frequencies, and expanded services. Starting March 29, 2026, Swiss will operate flights to Poznań, Poland, three times a week, and Rijeka, Croatia, twice a week during the summer months. The airline will also increase frequencies to popular destinations such as Alicante, Valencia, Manchester, and Venice, with some routes offering up to 28 or 29 weekly flights. In addition to...
Chola MS PAT drops 28.3% in Q2 FY26
Cholamandalam MS General Insurance Company (Chola MS) has reported a decline in its profit after tax (PAT) by 28.3% in the second quarter of the financial year 2025-26. The company's PAT stood at Rs 119 crore in Q2 FY26, compared to Rs 166 crore in the corresponding quarter of the previous year. The decline in PAT is attributed to a significant increase in claims and a rise in operating expenses. The company's gross written premium (GWP) grew by 12.1% to Rs 2,441 crore in Q2 FY26, compared to...
India’s establishment of a new Protection and Indemnity (P&I) club has raised questions about the strategic motives behind this move, particularly in light of the country’s rapidly increasing trade with Russia.
The Indian government is moving forward with plans to establish a national shipping club, known as the India Club, to provide insurance coverage for third-party liabilities in the maritime industry. This move aims to reduce the country's dependence on international P&I (Protection and Indemnity) clubs, particularly the London-based International Group (IG), which currently dominates the global maritime liability market. Shipping Secretary T.K. Ramachandran has confirmed the government's...
Health Insurance Premium Spikes Imminent as Tax Credit Enhancements Set to Expire – Center on Budget and Policy Priorities
The Center on Budget and Policy Priorities has warned that health insurance premium spikes are imminent as tax credit enhancements are set to expire. The American Rescue Plan Act (ARPA) of 2021 provided temporary enhancements to the Affordable Care Act's (ACA) premium tax credits, which helped make health insurance more affordable for millions of Americans. However, these enhancements are scheduled to expire at the end of 2022, which could lead to significant premium increases for many...
PNB MetLife’s 360 BIZ delivers insurance innovation
PNB MetLife India Insurance Company Limited has launched a digital platform called 360 BIZ, designed to simplify group insurance and employee benefits administration for companies. The platform aims to provide a seamless digital experience for both employees and employers, bringing together comprehensive insurance coverage and flexible employee benefits. The platform offers a range of benefits, including Group Term Life, Voluntary Group Life, and Critical Illness cover for employees. According...
Government Shutdown Persists, Healthcare Costs Expected to Rise
The government shutdown has entered its fourth week, and with open enrollment for health insurance approaching, many Americans are concerned about the cost of their coverage. The Affordable Care Act (ACA) provides subsidies to individuals and families, which can help make health insurance more affordable. However, disagreements over the ACA are a leading cause of the shutdown, and if the ACA tax credits expire, insurance brokers warn that customers should prepare for the cost of their health...
Mississippi is bracing for a potential surge in health insurance premiums.
Mississippi Insurance Commissioner Mike Chaney has issued a warning that health insurance premiums in the state could increase by over 300% if tax credits under the Affordable Care Act (ACA) are not extended. This could lead to approximately 200,000 residents losing their health insurance coverage. Chaney explained that the increase in premiums would be unsustainable for many Mississippians, who would likely drop their coverage due to the high costs. As a result, there would be fewer people...
The Supreme Court has ruled that an insurance company is not liable to pay compensation if a driver dies due to their own negligence.
The Supreme Court of India has made a significant ruling regarding motor accident compensation, stating that insurance companies are not liable to pay compensation if a driver's death results from their own negligence or reckless driving. The court emphasized that if an accident occurs due to the driver's own fault, such as overspeeding or violating traffic rules, the insurer cannot be compelled to compensate the deceased's family. The judgment was delivered in the case of N.S. Ravish, who...
Future-Ready Protection: Tata AIA’s Digital Leap Redefining Life Insurance Experience – Press Trust of India
Tata AIA Life Insurance has taken a significant digital leap, redefining the life insurance experience for its customers. The company's future-ready protection strategy is designed to provide a seamless and personalized experience, leveraging cutting-edge technology to make life insurance more accessible and convenient. At the heart of Tata AIA's digital transformation is its customer-centric approach. The company has invested heavily in developing a robust digital infrastructure, enabling...
HDFC Ergo and Tata AIG have joined other insurers in reducing distributor commissions.
The Indian government has introduced a significant change in the Goods and Services Tax (GST) on individual health and life insurance premiums, reducing it from 18% to 0% effective September 22, 2025. However, this change also means that insurance companies can no longer claim Input Tax Credit (ITC) on services such as brokerage and commission for individual health and life insurance. As a result, insurance companies are reducing commission payouts to distributors to absorb the loss of ITC...
Health insurance rates are skyrocketing due to several factors. Firstly, the increasing cost of medical care and services is a major contributor, as healthcare providers and facilities raise their prices to keep up with rising operational costs. Additionally, the growing prevalence of chronic diseases, such as diabetes and heart disease, leads to higher treatment costs, which are then passed on to policyholders through increased premiums. Furthermore, the rising cost of prescription medications, particularly specialty drugs, also plays a significant role in driving up health insurance rates. The impact of an aging population, with older adults requiring more frequent and costly medical care, is another factor contributing to the upward trend in health insurance costs. Moreover, the decreasing number of insured individuals, particularly among younger and healthier populations, leads to a smaller risk pool, causing premiums to rise for those who remain insured. Regulatory changes and mandates, such as the Affordable Care Act, have also had an impact on health insurance rates, as have the costs associated with administrative and regulatory compliance. Lastly, the fluctuating healthcare market and the consolidation of healthcare providers and insurers have led to reduced competition and increased costs, ultimately resulting in higher health insurance rates for consumers.
Open enrollment for health care plans has begun, allowing individuals to enroll, renew, or change their plans for the upcoming year. However, many people will experience sticker shock due to rising health care costs. According to Beth Umland, director of Employer Research for Health and Benefits at Mercer, the total health cost of health benefits is expected to increase by 6.5% next year, the highest increase in 15 years. This means that employees will likely see higher paycheck deductions as...