J&K Bank facilitates swift settlement of insurance claims worth Rs 2.02 Cr, provides relief to 38 bereaved families
The Jammu and Kashmir Bank has facilitated the settlement of insurance claims worth Rs 2.02 crore under its MetLoan & Life Suraksha (MLLS) scheme, benefiting 38 families of deceased borrowers in the Kathua Zone. The scheme provides timely financial relief to families during difficult circumstances, easing the burden of loan repayment. The symbolic cheque representing the total claim amount was displayed by the Bank's Zonal Head, Suresh Kumar Chowdhary, and PNB MetLife's Associate Director,...
Human Verification
Human verification is a process designed to ensure that a user is indeed a human being, rather than a computer program or automated script. This is typically done to prevent abuse of online services, such as spamming, phishing, or other malicious activities. Human verification systems are commonly used on websites, online applications, and other digital platforms to verify the identity of users. One of the most widely used methods of human verification is the CAPTCHA (Completely Automated...
ManipalCigna Sarvah has been awarded the ‘Product of the Year 2025’ in the insurance category.
ManipalCigna Health Insurance has introduced a new health insurance product called Sarvah, which aims to provide comprehensive and inclusive healthcare coverage to all Indians, regardless of their location or financial situation. According to Shashank Chaphekar, Chief Distribution Officer, Sarvah is designed to cater to the diverse healthcare needs of the Indian population, offering affordability, accessibility, and innovation under one umbrella. The name "Sarvah" means "For all" in Hindi,...
Crop Insurance Scam: Fraudsters Claim Insurance on BJP MP’s Land, Multiple Policies Issued on Single Record
A massive and organized fraud has been uncovered in the Prime Minister's Crop Insurance Scheme (PMFBY) in Uttar Pradesh's Bundelkhand region. The scheme, aimed at protecting farmers from crop losses due to natural calamities, has been exploited by fraudsters who have illegally issued insurance policies on barren and non-agricultural land, including land owned by a sitting BJP Member of Parliament, Anurag Sharma. In one shocking case, a crop insurance claim of ₹1.64 lakh was raised and...
According to a report by Axios, approximately 40 million Americans are utilizing ChatGPT for healthcare purposes.
A recent report by Axios has revealed that approximately 40 million Americans are now turning to ChatGPT, a popular AI chatbot, for health care advice and information. This trend has significant implications for the future of healthcare, as people are increasingly seeking medical guidance from artificial intelligence-powered tools. ChatGPT, developed by OpenAI, has gained immense popularity due to its ability to understand and respond to natural language inputs. The chatbot uses a vast...
Non-Resident Indians (NRIs) are increasingly opting for Tata AIA’s Param Raksha Life Pro+ for its comprehensive long-term protection and investment planning benefits.
Tata AIA Life Insurance has seen a growing adoption of its Param Raksha Life Pro+ plan among Non-Resident Indians (NRIs). This comprehensive life and wealth solution addresses the unique protection and investment needs of NRIs living abroad, providing financial security for their families in India while offering potential wealth growth opportunities. Param Raksha Life Pro+ combines life coverage with market-linked returns, allowing NRIs to secure their family's future in India while building...
KGMU and Aditya Birla Capital Launch Bone Marrow Transplant Ward to Enhance Cancer Treatment Accessibility in Uttar Pradesh
In a significant development for the healthcare sector in Uttar Pradesh, King George's Medical University (KGMU) has launched a state-of-the-art Bone Marrow Transplant (BMT) Ward with the support of Aditya Birla Capital Foundation (ABCF) and NGO partner CanKids. The new facility aims to provide affordable and high-quality transplant services, reducing the need for patients to travel outside the state for specialized care. The BMT Ward has been established under a tripartite agreement between...
UP Warriorz strengthen commercial portfolio with Care Health Insurance, EaseMyTrip, and Ekaya Banaras
The UP Warriorz, a Women's Premier League (WPL) franchise, has made significant strides in strengthening its commercial and sporting foundations ahead of the upcoming season. The team has announced a series of strategic partnerships with prominent brands across various sectors, including health, travel, and cultural identity. One of the key partnerships is with Care Health Insurance, which has come on board as an official partner, focusing on themes of confidence, protection, and holistic...
Dengue cases have seen a 66% increase over the past 5 years, with South India being the primary region contributing to the surge, according to ManipalCigna Health Insurance.
According to a report by ManipalCigna Health Insurance, dengue cases in India have seen a significant rise of 66% over the past five years. The data reveals that South India has been the worst affected, accounting for the majority of the cases. The report analyzed insurance claims data from 2017 to 2022 and found that the number of dengue-related claims has increased substantially. The report highlights that the southern states of India, including Tamil Nadu, Kerala, Karnataka, and Andhra...
UIIC AO Cut Off 2026, Category-Wise Cut Off Marks
The United India Insurance Company Limited (UIIC) conducts the UIIC AO Exam to fill Generalist and Specialist posts. The UIIC AO Cut Off is the minimum score required to qualify the examination. The cut off is determined by the UIIC and is a deciding factor in whether a candidate has qualified the exam or not. To prepare for the exam, candidates can refer to the previous year's cut off marks, which provide insights into the minimum scores required to qualify for different categories. The UIIC...
Tata Consultancy Services (TCS) has expanded its partnership with Aviva UK, which now covers over 6.5 million policies.
Tata Consultancy Services (TCS) has expanded its partnership with Aviva, a UK-based insurance, wealth, and retirement provider, to manage an additional 1.1 million policies. This brings the total number of policies managed by TCS's subsidiary, Diligenta UK, to over 6.5 million. The expanded engagement is part of a 15-year contract worth $2.5 billion that TCS won with Aviva in the previous year. TCS will leverage its advanced digital platform, BaNCSTM, to improve service quality and enhance the...
From Commissions to Care, ETHealthworld
The Indian health insurance industry is experiencing rapid growth, with increasing premiums and a rising number of policyholders. However, beneath the surface, there are concerns that the system is becoming inefficient and prioritizing profits over patient care. The Medical Loss Ratio (MLR), which measures the percentage of premiums spent on patient claims, is a key indicator of an insurance system's efficiency. In India, the MLR is alarmingly low, with some companies spending as little as 58%...
Lauschsicht gibt mit Employer-Branding-Film Einblick ins Edelweiss Cockpit
The Zurich-based agency Lauschsicht has produced an employer branding film for the vacation airline Edelweiss, offering a unique glimpse into the cockpit and what makes the company an attractive employer for pilots. The film, titled "More than just flying," combines elements of reportage and image film to provide an authentic and informative look at the airline's culture and work environment. To create the film, Lauschsicht accompanied the Edelweiss crew on several rotations, capturing the...
Care Health Insurance has emerged victorious in a GST appeal, successfully overturning a liability of Rs 23.41 lakh.
In a significant victory, Care Health Insurance has successfully appealed against a Goods and Services Tax (GST) liability of Rs 23.41 lakh. The company had contested the tax demand, arguing that the GST authorities had incorrectly applied the tax laws. The case dates back to the period between July 2017 and September 2018, when Care Health Insurance had provided health insurance services to various policyholders. During this time, the company had collected GST from its customers and deposited...
Tricare After Active Duty: What Actually Happens to Your Health Insurance
As you prepare to separate from active duty next month, it's essential to understand how your health insurance will change. Your Tricare Prime coverage will end, and you'll need to explore alternative options to ensure continuous coverage for yourself and your family. During terminal leave, your Tricare Prime coverage remains unchanged, and your family stays covered under their current plan. However, this changes when you officially separate from active duty. The Transitional Assistance...
Strategic Move or Costly Gamble?
Edelweiss Financial Services has sold a 10% stake in Edelweiss Asset Management (AMC) to WestBridge Capital for approximately ₹450 crore, with an option for WestBridge to acquire an additional 5% stake by March 2026. The transaction values Edelweiss AMC at around ₹3,000 crore. The question arises whether this valuation is justified, considering Edelweiss AMC's assets under management (AUM) and profitability. WestBridge, with $7+ billion in AUM globally, typically invests in scaled financial...
Aviva Life Insurance won Product of the Year 2025 awards in the categories of Retirement Income and ULIP.
Aviva Life Insurance has been awarded the prestigious "Product of the Year 2025" in two categories: Retirement Income and Unit-Linked Insurance Plans (ULIPs). This recognition is a testament to the company's commitment to providing innovative and customer-centric products that cater to the evolving needs of its policyholders. The award is a significant achievement for Aviva Life Insurance, as it demonstrates the company's ability to design and deliver products that meet the highest standards...
Aditya Birla Sun Life Insurance introduces dividend-yielding Unit Linked Insurance Plans (ULIPs)
Aditya Birla Sun Life Insurance has introduced a new fund called Dividend Yield Fund, which will be available under its existing Unit-Linked Insurance Plans (ULIPs). The fund aims to invest primarily in top Indian companies that consistently pay dividends, providing policyholders with a stable source of income. The fund will allocate 80-100% of its portfolio to equities, focusing on financially strong and profitable companies with a track record of paying steady dividends. The remaining 0-20%...
A man’s £20,000 life insurance claim with Aviva has been rejected, despite his wife having only months to live, according to a report in The Times.
A devastating story has been reported by The Times, highlighting the distressing situation of a couple dealing with a terminal illness and a rejected life insurance claim. The wife, who has only months to live, had a £20,000 life insurance policy with Aviva, which was intended to provide financial support and comfort during this difficult time. However, Aviva has rejected the couple's claim, leaving them in a state of emotional and financial turmoil. The couple had been paying premiums for the...
Punjab has signed an agreement to launch a cashless health insurance program, which is set to be implemented on January 15.
The state government of Punjab has signed an agreement with the United India Insurance Company to launch a cashless health insurance scheme called 'Mukh Mantri Sehat Yojna' on January 15. The scheme will provide a cashless health insurance cover of up to Rs 10 lakh per family per year to all residents of Punjab, including government employees and pensioners. This is a significant expansion of the earlier health protection scheme, which had a coverage limit of Rs 5 lakh and was limited to...
Baptist Health System is taking legal action against United Healthcare, alleging the insurer has failed to adequately reimburse for emergency room care, according to a report by the San Antonio Express-News.
Baptist Health System has filed a lawsuit against United Healthcare, alleging that the insurance company has systematically underpaid for emergency room care provided to its policyholders. The lawsuit, filed in Bexar County District Court, claims that United Healthcare has failed to reimburse Baptist Health System for the full amount of emergency medical services provided, despite the insurer's contractual obligations to do so. According to the lawsuit, United Healthcare has been applying...
Preventive care is becoming a priority in Indian health insurance, according to Mayank Bathwal of ABHI.
The healthcare costs in India are rising, and as a result, preventive care is becoming a key focus for insurers. Despite progress in coverage, over 60% of healthcare expenses are still borne directly by households, highlighting gaps in traditional insurance models. Mayank Bathwal, CEO of Aditya Birla Health Insurance, explains that conventional health insurance has historically focused on hospitalization, leaving everyday healthcare expenses, such as outpatient consultations and chronic...
Policybazaar will offer Tata AIA’s women-centric term plan, Shubh Shakti.
The traditional approach to term life insurance has been male-centric, focusing on male breadwinners and neglecting the unique needs of women. However, Indian women are breaking barriers and taking on leadership roles, becoming entrepreneurs, and making key financial decisions. Despite this progress, many women still rely on their husbands for financial planning, highlighting the need for solutions that address the distinct financial challenges faced by women. Fortunately, the insurance buying...
4 Republicans defy Johnson to force House vote on extending ACA subsidies
In a significant development, four centrist Republicans have broken with their party's leadership and signed onto a Democratic-led petition to force a House vote on extending enhanced pandemic-era subsidies that lower health insurance costs for millions of Americans. The move, led by Democratic leader Hakeem Jeffries, will likely lead to a vote on the bill in January. The subsidies, which are set to expire at the end of the year, have been a contentious issue, with Republicans pushing for...
Ex-Aviva leader Cathryn Riley and Lloyd’s Dhruv Patel receive CBE honours
Two prominent figures in the insurance industry, Cathryn Riley and Dhruv Patel, have been awarded a Commander of the Order of the British Empire (CBE) in Britain's 2026 New Year Honours list. The awards were announced on January 2, 2026, and recognize their services to business leadership, inclusion, civic leadership, and charity. Cathryn Riley, a former executive at Aviva, was awarded a CBE for her services to business leadership and inclusion. She has held senior roles in several financial...
The Punjab Government is set to launch a ₹10 lakh cashless health insurance scheme, following the signing of an agreement with the United India Insurance Company (UIIC).
The Punjab government, led by Chief Minister Bhagwant Singh Mann, is set to launch a new health insurance scheme called 'Mukh Mantri Sehat Yojna' (MMSY) on January 15, 2026. The scheme aims to provide ₹10 lakh cashless health insurance cover to all families in Punjab, ensuring health dignity and financial protection for every household. This move is a significant step towards achieving Universal Health Coverage, a promise made by the CM. The agreement for the scheme was signed with the United...
Congress had a viable health care reform plan once – it should be considered again – WyomingNews.com
The article discusses a viable healthcare reform plan that was once considered by Congress, but ultimately not implemented. The plan, known as the "Medicare-X" proposal, was introduced in 2019 by a bipartisan group of lawmakers. The proposal aimed to create a public health insurance option, building on the existing Medicare program, to provide affordable healthcare to all Americans. The Medicare-X plan would have allowed individuals and families to purchase Medicare coverage, regardless of age...
The Trump administration has faced criticism for cutting gender-affirming care.
The Trump administration has introduced a new policy that removes coverage for gender-affirming care from federal health insurance plans, effective January 1, 2026. This policy affects federal employees and US Postal Service workers, and has been met with backlash from the Human Rights Campaign (HRC) and other advocacy groups. The HRC has filed a complaint with the Equal Employment Opportunity Commission (EEOC), arguing that the policy amounts to sex-based discrimination and is intended to...
IFFCO-TOKIO General Insurance Company (GIC) has partnered with various cooperatives to expand its micro insurance offerings, including package, health, and motor policies.
IFFCO-TOKIO General Insurance Company (GIC) is celebrating its 25th anniversary, having been established in 2000 as a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Japan-based Tokio Marine Group. The company's Managing Director and CEO, Subrata Mondal, stated that the insurer's vision has expanded over the years to align with the changing aspirations of people and the growing economy, while remaining committed to the Insurance Regulatory and Development Authority of...
Edelweiss Mutual Fund has announced the appointment of Kedar Karnik as a fund manager for its fixed income segment.
Edelweiss Mutual Fund has announced the appointment of Kedar Karnik as its Senior Fund Manager – Fixed Income. With over 19 years of experience in managing fixed-income portfolios, credit analysis, and dealing, Kedar brings a wealth of expertise to the role. He will report to Dhawal Dalal, President & CIO – Fixed Income, and will support the expansion and strengthening of the firm's fixed-income investment franchise. Kedar's appointment is a significant addition to the Edelweiss team, as he...
Tata AIA Health Buddy: Redefining Health & Wellness with a Witty Metro Campaign
Tata AIA Life Insurance, a leading life insurer in India, has launched Tata AIA Health Buddy, a 24x7 health and wellness companion. This initiative marks a significant shift in the life insurance industry, as it integrates health, wellness, and life insurance into one comprehensive service. The Health Buddy platform provides preventive health services, wellness tools, and continuous guidance through the Tata AIA Life Insurance App, making it a long-term companion for consumers. To promote the...
PNB MetLife and Policybazaar have launched DigiProtect Term Insurance, a product tailored for India’s salaried individuals.
PNB MetLife India Insurance Company Limited has launched the PNB MetLife DigiProtect Term Plan, a digital term insurance plan designed specifically for salaried individuals. The plan is offered through a fully digital platform in collaboration with Policybazaar, making it easily accessible to individuals in Tier 2 and Tier 3 cities. The plan provides comprehensive life cover, including accelerated benefits in case of terminal illness, and offers a range of features that cater to the evolving...
Millions of Americans face steep health insurance hikes as Affordable Care Act subsidies expire.
The Affordable Care Act (ACA) tax subsidies, which have helped millions of Americans pay for health coverage, have expired as of the end of 2025. This expiration is expected to significantly impact the over 20 million subsidized enrollees in the ACA program, who will now face rising premium costs. According to an analysis by the Kaiser Family Foundation, premiums are projected to increase by 114% in 2026. The expiration of these subsidies follows a period of intense negotiation and debate...
Health care premiums are surging, leading to the discontinuation of other plans in Minnesota.
In 2026, significant changes are affecting Special Needs BasicCare (SNBC) coverage in Minnesota, primarily due to Medica's acquisition of UCare's business. UCare, which serves mostly the Midwest, is facing financial struggles and cutting back services, resulting in the termination of some SNBC plans. This change is causing concern among individuals who rely on SNBC coverage, particularly those living in rural counties where these plans are no longer being provided. Rebecca Mallery, a resident...
IFFCO-TOKIO’s Journey of Trust Continues – ThePrint – ANI Press Releases
IFFCO-TOKIO General Insurance Company Limited, one of India's leading general insurance companies, is celebrating its 25th anniversary. The company was established in 2000 as a joint venture between IFFCO and Japan's Tokio Marine Group. Over the years, IFFCO-TOKIO has worked towards making insurance accessible to every individual, household, and business, with the objective of "Spreading Happiness" through customized policies and a high claim settlement rate. Today, the company caters to over...
Aviva’s protection sales have declined by 16%, despite the company reporting strong overall results.
Aviva, a leading insurance company, has released its half-year results for 2025, showing a mixed performance across its various business segments. Despite a 16% drop in protection sales, the company reported growth in its other businesses, with insurance, wealth, and retirement (IWR) sales rising 9% to £21.5 billion. Operating profit also increased by 22% to £1.07 billion, with two-thirds of this profit coming from Aviva's wealth, health, and general insurance operations. The decline in...
Preventive care is gaining prominence in Indian health insurance, according to Mayank Bathwal of ABHI.
The rising healthcare costs in India have led to a shift in focus towards preventive care, particularly in addressing the significant out-of-pocket spending burden on households. Despite progress in coverage, over 60% of healthcare expenses are still borne directly by households, highlighting the gaps in traditional insurance models. Mayank Bathwal, CEO of Aditya Birla Health Insurance, emphasized that conventional health insurance has historically focused on hospitalization, leaving everyday...
2026 brings increased costs for Affordable Care Act health insurance plans as subsidies lapse for millions of Americans
The enhanced tax credits that helped reduce the cost of health insurance for millions of Americans under the Affordable Care Act (ACA) have expired, resulting in higher health costs for many individuals and families. The subsidies, which were introduced in 2021 to help Americans during the COVID-19 pandemic, were extended until the start of 2026. However, despite efforts by Democrats and some moderate Republicans to save the subsidies, they were not renewed, and millions of Americans are now...
Millions of Americans face steep insurance hikes in 2026 as health subsidies expire.
As the year 2025 comes to a close, millions of Americans are bracing themselves for a significant increase in health insurance costs. The expiration of temporary health subsidies, which were introduced as part of the American Rescue Plan Act (ARPA) in 2021, will result in steep insurance hikes for many individuals and families. These subsidies, which were designed to make health insurance more affordable for low- and middle-income households, have been a vital lifeline for those struggling to...
IFFCO Tokio completes glorious 25 years; congratulations pour in
IFFCO Tokio General Insurance Company Ltd. has reached a milestone of 25 years of service, marking a significant achievement in the insurance sector. The company has received congratulatory messages from the cooperative and insurance sectors, recognizing its contribution to rural India, particularly farmers and cooperatives. K J Patel, MD of IFFCO, expressed pride in the company's journey, recalling the strong foundation upon which the joint venture was built. One of the company's notable...
Millions of Americans are at risk of losing their health care subsidies as they are set to expire.
As 2025 comes to a close, the world is reflecting on the remarkable lives lost throughout the year. In a special segment, "2025 in Memoriam," the lives and accomplishments of notable individuals who passed away are being remembered. In other news, the US Postal Service has announced changes to its postmark process, and Warren Buffet has marked his final day as CEO of Berkshire Hathaway. Google has released its top searches of 2025, showcasing the most popular topics in pop culture, TV, music,...
Tesco partners with Aviva to provide life insurance to customers
Aviva, a leading insurance provider, has partnered with Tesco Insurance & Money Services to offer life insurance to Tesco shoppers and Clubcard members. This partnership will provide customers with access to affordable life cover, starting from £5 a month, while also benefiting from Tesco's customer rewards. The life insurance proposition will be marketed by Tesco through various channels, including online, social media, and in-store promotions. Customers will be able to take out cover via a...
The Kerala High Court has stated that the mere presence of alcohol in a person’s system does not necessarily imply that they were intoxicated, and therefore, should not be a grounds for denying health insurance claims. When selecting a suitable health policy, consider the following factors:
- Coverage and Benefits: Assess the extent of coverage, including the types of medical expenses covered, and any additional benefits such as critical illness coverage or maternity benefits.
- Premium Costs: Evaluate the cost of premiums in relation to the coverage provided, considering both the amount and the frequency of payments.
- Deductibles and Copays: Understand the out-of-pocket expenses you’ll need to pay before insurance coverage kicks in, including deductibles, copays, and coinsurance.
- Network Providers: Check if your preferred healthcare providers are part of the insurer’s network to avoid out-of-network costs.
- Pre-existing Conditions: If you have any pre-existing medical conditions, look for policies that offer coverage with minimal waiting periods.
- Claim Process: Research the ease and efficiency of the claim filing and settlement process.
- Policy Flexibility: Consider policies that offer flexibility in terms of coverage options, premium payment modes, and the ability to make changes as your health needs evolve.
- Insurer Reputation: Evaluate the insurance company’s reputation for customer service, claim settlement ratio, and overall reliability.
- Riders and Add-ons: Assess any additional riders or add-ons that can enhance your policy, such as accidental death benefit or waiver of premium.
- Renewal and Lifelong Coverage: Check the policy’s renewal terms and whether it offers lifelong coverage without any upper age limit for renewal.
The Kerala High Court has made a significant ruling that insurance companies cannot reject accident-related claims solely because the driver had alcohol in their system at the time of the incident. The court stated that insurers must prove actual intoxication or impairment of faculties to deny compensation. This ruling came in the case of K.S. Shibu, a Kerala government employee who died in a 2009 road accident, and his insurer, National Insurance Co. Ltd, had denied the claim due to a clause...
Digital and preventive care are driving a shift in India’s health insurance landscape, according to a report by BW Healthcare World.
A recent report by BW Healthcare World highlights the significant shift in India's health insurance landscape, driven by digital and preventive care. The report notes that the Indian health insurance market is undergoing a transformation, with a growing focus on preventive care and digital solutions. The COVID-19 pandemic has accelerated this shift, with more people seeking health insurance coverage to mitigate the financial risks associated with medical treatments. The report states that the...
AHPI seeks immediate restoration of cashless services by Star Health
The Association of Healthcare Providers of India (AHPI) has appealed to Star Health and Allied Insurance to reinstate cashless services at their member hospitals. This decision comes after the insurance company suspended these facilities, resulting in growing distress and inconvenience for patients. Several prominent hospital chains and tertiary care centers have been affected, including Care Hospitals, Manipal Hospitals, Max Hospitals, and Medanta Hospital, among others. The AHPI has also...
India is grappling with significant healthcare challenges, underscoring the urgent necessity for a comprehensive health policy and insurance reforms. The country’s vast and diverse population faces numerous health-related issues, including inadequate access to quality healthcare, insufficient healthcare infrastructure, and a significant shortage of medical professionals. The existing health policy and insurance framework often fails to provide universal coverage, leaving many without the financial protection needed to access essential healthcare services. This has resulted in a substantial portion of the population relying on out-of-pocket expenses for healthcare, leading to financial hardship and exacerbating health inequities. To address these challenges effectively, there is a pressing need for reforms that aim at enhancing healthcare accessibility, affordability, and quality. A comprehensive health policy should focus on strengthening healthcare infrastructure, increasing the number of medical professionals, and ensuring that health services are evenly distributed across urban and rural areas. Moreover, insurance reforms are crucial to reduce out-of-pocket expenditures and provide financial security to individuals and families. Implementing such reforms would not only improve health outcomes but also contribute to the overall well-being and economic stability of the population, making a significant step towards achieving universal health coverage.
The Indian healthcare system is facing significant challenges, with inadequate public infrastructure, a shortage of medical professionals, and low public health expenditure. The private healthcare sector is expensive, and medical insurance has become more of a tax-saving instrument than a reliable means of protection against health crises. The medical insurance crisis in India is characterized by opaque policy terms, denied claims, and a litigation burden on consumers. In contrast, countries...
California should embrace competition to promote better health insurance.
The article from the Sacramento Bee argues that California should promote competition in the health insurance market to improve the quality and affordability of healthcare for its residents. The author suggests that the current lack of competition is driving up costs and reducing access to care, particularly for those with pre-existing conditions. The article points out that California's health insurance market is dominated by a few large players, with Blue Shield and Anthem controlling over...
Aviva has completed a £160 million bulk purchase annuity (BPA) deal with the SG Pension Fund.
Aviva, a leading insurance and financial services company, has completed a £160 million bulk purchase annuity (BPA) buy-in with the SG Pension Fund, securing the benefits of over 1,900 members. The scheme sponsor is Portakabin Limited, a provider of modular building infrastructure. The transaction was facilitated by Aon, who led the process, with legal advice provided by Gowling. The deal marks a significant milestone in Aviva's relationship with the SG Pension Fund and Portakabin, following...
2025 is expected to be a defining year for the general insurance sector, with reforms anticipated to drive growth in 2026, according to IFFCO-TOKIO, as reported by APN News.
India's general insurance industry experienced steady growth in 2025, driven by increased awareness, improved penetration, and a shift towards digital solutions. According to Subrata Mondal, Managing Director & CEO of IFFCO TOKIO General Insurance Company Limited, the health insurance segment saw significant demand due to the waiver of Goods and Services Tax (GST) for retail customers. The motor insurance segment also witnessed growth following the reduction of GST in the automobile sector and...
The Uninsured Population and Health CoverageThe Issue of the Uninsured The uninsured population refers to individuals who lack health insurance coverage. This group is diverse and includes people from various backgrounds, ages, and socioeconomic statuses. Being uninsured can significantly impact an individual’s health and well-being, as it often results in delayed or foregone medical care due to cost concerns.Causes of Lack of Insurance Several factors contribute to the lack of health insurance among certain populations. These include: – Economic constraints: High premiums and deductibles can make health insurance unaffordable for low-income individuals and families. – Employment status: Many employers, especially small businesses, do not offer health insurance to their employees. – Pre-existing conditions: Before the Affordable Care Act (ACA), individuals with pre-existing health conditions could be denied coverage or charged higher premiums. – Immigration status: Undocumented immigrants often face barriers to accessing health insurance.Consequences of Being Uninsured The consequences of lacking health insurance are far-reaching and can have serious implications for individuals and society as a whole. Some key consequences include: – Delayed care: Without insurance, individuals may postpone seeking medical care, leading to more severe health problems over time. – Financial burden: Medical bills can lead to significant financial strain, potentially resulting in bankruptcy. – Health disparities: The uninsured are more likely to experience poor health outcomes and have higher mortality rates compared to their insured counterparts. – Economic impact: The cost of uncompensated care falls on hospitals, taxpayers, and the insured population, increasing healthcare costs overall.Health Coverage Solutions To address the issue of the uninsured, various solutions have been proposed and implemented: – Affordable Care Act (ACA): Expanded Medicaid eligibility, allowed young adults to stay on parental insurance until age 26, and prohibited denial of coverage based on pre-existing conditions. – Medicaid expansion: States have the option to expand Medicaid to cover more low-income individuals. – Health Insurance Marketplaces: Provide a platform for individuals and small businesses to purchase health insurance plans. – Employer-sponsored insurance: Encouraging employers to offer health insurance as a benefit to their employees. – Community health centers: Offer primary care services to underserved populations, including the uninsured.Addressing the complex issue of the uninsured population requires a multifaceted approach that includes policy reforms, public health initiatives, and community engagement. By understanding the causes and consequences of lacking health insurance, we can work towards achieving more equitable and comprehensive health coverage for all.
The US health coverage system is fragmented, leading to gaps in coverage for many individuals. Employer-based insurance is the primary source of coverage for people aged 0-64, but not all workers are offered coverage or can afford it. Medicaid covers many low-income individuals, particularly children, but eligibility for adults is limited in states that have not expanded Medicaid under the Affordable Care Act (ACA). Subsidies are available for Marketplace coverage, but many people cannot...
UIIC AO Final Result 2025 Out, Shortlisted Candidates List
The United India Insurance Company Limited (UIIC) has announced the final result for the Administrative Officer (AO) positions, both Generalists and Specialists (Scale-I), on May 12, 2025. The result is available in PDF format on the official UIIC website, www.uiic.co.in, and contains the roll numbers of provisionally short-listed candidates for the pre-employment medical examination. A total of 200 posts are available for Administrative Officers, with selection based on online tests and...
Aviva has signed a new protection distribution agreement with NFU Mutual.
Aviva, a leading insurance provider, has entered into a new multi-year partnership with NFU Mutual, the UK's largest rural insurer. The partnership will enable NFU Mutual to distribute Aviva's individual protection insurance products to its members and new customers. The agreement covers a range of products, including life insurance, whole of life insurance, critical illness, income protection, relevant life, and business life insurance. NFU Mutual will offer these products through its agency...
Tata AIA Life and Aranda Investments have acquired a 1.4% stake in SBFC Finance from MIT for ₹161 crore.
Tata AIA Life and Aranda Investments have jointly acquired a 1.4% stake in SBFC Finance, a non-banking financial company (NBFC), from MIT (Massachusetts Institute of Technology) for ₹161 crore. This acquisition is a significant development in the Indian financial sector, indicating a growing interest in NBFCs from major investors. SBFC Finance is a leading player in the financial services industry, providing a range of financial products and services to its customers. The company has been...
PNB MetLife launches Aapka aage ka plan kya hai campaign to promote thoughtful retirement planning and financial security.
PNB MetLife India Insurance Company Limited has launched a new campaign, "Aapka aage ka plan kya hai", to encourage individuals to take charge of their retirement planning. The campaign aims to inspire people to reflect on their aspirations and take proactive steps to secure their golden years with financial independence and dignity. The campaign will run across various media platforms, including TV, print, outdoor, digital, and radio, to reach a wide audience. At the heart of the campaign is...
Swift settlement of insurance claims brings relief to families of J&K Bank customers
Jammu and Kashmir Bank has provided financial relief to the families of deceased borrowers by settling MetLoan & Life Suraksha (MLLS) insurance claims across its Delhi Zone branches. The bank has disbursed claims amounting to Rs 39 lakh to ten families, easing their financial distress during difficult times. A ceremony was held to symbolically display the disbursed amount, attended by senior officials from the bank and its insurance partner, PNB MetLife. The beneficiaries expressed their...
Life Insurance Corporation (LIC) is reportedly considering acquiring a stake in ManipalCigna Health Insurance.
The Life Insurance Corporation of India (LIC) is in talks to acquire a significant stake in ManipalCigna Health Insurance, a joint venture between India-based Manipal Education & Medical Group and US-based Cigna Corporation. The proposed deal would value the health insurer at approximately Rs35bn-37.5bn ($408m-437m) and would mark LIC's entry into the health insurance space. The stake being considered is between 40-49%, which would give LIC a substantial presence in the health insurance...
Policybazaar introduces a 100% claim settlement option for planned hospitalisations on select health insurance policies.
Policybazaar, a leading insurance marketplace, has introduced a 100% claim promise on planned hospitalizations for select health insurance policies. This initiative aims to provide a hassle-free and cashless experience for policyholders, ensuring zero deductions on eligible hospital bills. The benefit is available on specific plans from Bajaj Allianz, Niva Bupa, and Aditya Birla Health Insurance (ABHI). To avail of this benefit, policyholders must complete certain pre-admission steps and meet...
Tata Consultancy Services (TCS) has strengthened its partnership with Aviva UK to enhance the life and pensions customer experience.
Tata Consultancy Services (TCS) has expanded its partnership with Aviva, a leading UK insurance provider, to manage over 6.5 million policies. Aviva has entrusted TCS with an additional portfolio of life insurance business, which will be managed by TCS' subsidiary, Diligenta UK. This partnership aims to deliver a customer-centric approach to digitization, centered around the New Consumer Duty Principles, to ensure positive outcomes for customers. The expanded partnership will enable...
India is entering the early stages of an earnings-upgrade cycle, according to Edelweiss MF’s Trideep Bhattacharya.
As India's equity markets enter 2026, they are near record highs, but the real story lies beneath the surface, according to Trideep Bhattacharya, President & CIO–Equities at Edelweiss Mutual Fund. Bhattacharya believes that India is entering the early stages of an earnings-upgrade cycle, which could lend durability to market uptrends beyond index-level performance. He cites a resilient, domestically driven earnings base, continued balance sheet improvement, and reasonable valuations as key...
Tata AIA’s Sampoorna Raksha Promise Meets Rising Demand for Reliable Life Insurance Protection
Tata AIA Life Insurance has introduced the Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance solution designed to address the evolving protection needs of modern Indian families. This plan offers a range of benefits, including instant claim support, return of premium, inbuilt premium waiver, and whole life cover up to age 100. The plan also features flexibility in premium payment options, including regular pay, limited pay, and single pay options, as well as the ability to...
Safeguard Your Vehicle This Monsoon: Essential Motor Insurance Add-ons From Royal Sundaram
As the monsoon season approaches, it's essential to ensure your vehicle is protected from the potential risks associated with heavy rainfall and flooding. Royal Sundaram, a leading insurance provider, offers a range of motor insurance add-ons that can provide comprehensive coverage for your vehicle. Here are some essential add-ons to consider: Engine Protector Add-on: This add-on covers the cost of repairing or replacing your vehicle's engine in case of damage due to water ingress or flooding....
On October 8, 2025, insurance agents and associations are likely to raise the issue of Goods and Services Tax (GST) with the Insurance Regulatory and Development Authority of India (IRDAI) and the Finance Ministry.
The insurance industry in India is facing a significant issue related to the Goods and Services Tax (GST) and Input Tax Credit (ITC). Private insurers have reduced distributor payouts by 15-18% to offset the loss of ITC, following the GST exemption on life and health insurance premiums. This move is expected to have a significant impact on agents, brokerages, and individual advisors, particularly small and independent operators. The reduction in payouts will directly cut into their working...
Tata AIA’s Sampoorna Raksha Promise Addresses Growing Need for Dependable Life Insurance Coverage
Tata AIA Life Insurance has introduced the Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance solution designed to address the evolving protection needs of modern Indian families. This plan offers a range of benefits, including instant claim support, return of premium, inbuilt premium waiver, whole life cover, and multiple other benefits. The plan provides an immediate payout of ₹3 lakh upon claim intimation to manage urgent expenses for sum assured of ₹1 crore or more. It also...
National Insurance Awareness Day: Insurers Increasingly Invest in Wellness as Health Plans Undergo Transformation
The health insurance landscape in India is undergoing a significant transformation, shifting from a traditional safety net for emergencies to a wellness partner that encourages policyholders to adopt healthier lifestyles. Insurers are now incorporating wellness-linked benefits into mainstream health plans, using digital tools such as walk-tracking apps, nutrition coaches, and teleconsultations to promote preventive care and reduce long-term healthcare costs. These initiatives are changing the...
UIIC Assistant Recruitment 2025 notification is expected to be released soon.
The United India Insurance Company (UIIC) will soon announce vacancies for Assistant posts across the country through the UIIC Assistant Recruitment 2025. The registration dates for the recruitment will be released along with the notification on the company's official website, www.uiic.co.in. The UIIC Assistant Notification PDF will carry complete details regarding the selection process, application fee, age relaxation, and more. Overview of UIIC Assistant Recruitment 2025: Organization:...
Bernie Sanders stated that many Americans are working in jobs they dislike solely for the health insurance benefits, citing this as another reason to support Medicare for All.
Senator Bernie Sanders recently stated that many Americans are working jobs they dislike solely for the health insurance benefits. He emphasized that this is a compelling reason to implement Medicare for All, a system where every citizen has access to comprehensive healthcare regardless of their employment status. Sanders argued that the current system, where health insurance is often tied to employment, is unfair and forces people to remain in unsatisfying jobs just to maintain their...
PNB MetLife has introduced a pension multicap fund in collaboration with Policybazaar.
We invite you to collaborate with us to effectively advertise your company and strengthen your connection with customers. Our team is dedicated to assisting you in designing and implementing a comprehensive advertising campaign, seamlessly integrating both print and digital media across our website and print magazine. To further expand your reach and networking opportunities, we can organize events tailored to your specific needs, whether in a physical setting or digitally. These events can...
Ghaziabad Insurance Scam: Cyber police have busted a ₹50 crore fraud that affected over 25,000 vehicle owners.
Two individuals, Sartaj and Deepak Thakur, were arrested in Ghaziabad for their involvement in a massive insurance scam that deceived over 25,000 people across India, including 128 victims from the city, over the past year. The scam, which has a financial impact of over Rs 50 crore, involved the duo fabricating third-party insurance policies for various companies, including ICICI Lombard General Insurance, Magma HDI General Insurance, and others. The accused would collect premium payments from...
Help desk opens for expatriate Keralites
The Department of Non-Resident Keralites Affairs (NORKA ROOTS) has launched a registration help desk to support expatriate Keralites in enrolling for the NORKA CARE health insurance scheme. The help desk, located at the NORKA ROOTS headquarters, aims to provide assistance to those seeking to join the scheme. Expatriates can access the help desk through an online video-conferencing system, available on the NORKA Roots website. To enroll, expatriates must join a video call through the website,...
Manoj Arora has been appointed as the Chief Information Security Officer at PNB MetLife India Insurance.
PNB MetLife India Insurance Co. Ltd has appointed Manoj Arora as its new Chief Information Security Officer (CISO). Arora brings a wealth of experience in information security, having previously served as Vice President of Information Security at Religare. In his new role, he will be responsible for overseeing the company's information security strategy, protecting sensitive data, and maintaining robust cybersecurity protocols. Arora's appointment comes at a time when the insurance sector is...
Arul Selvan D has stated that claims regarding the Chola allegations lack consistency and context, according to MSN.
Arul Selvan D has spoken out about the allegations made against Chola, stating that the claims lack consistency and context. According to Selvan, the accusations made against Chola are not supported by concrete evidence and are often contradictory. He believes that a thorough examination of the facts is necessary to understand the truth behind the allegations. Selvan's comments come after a series of allegations were made against Chola, which have sparked widespread debate and discussion. The...
Royal Sundaram upgrades core system with FirstGen v7 and NIP v3 for digital transformation
Royal Sundaram General Insurance (RSGI) has completed a major core systems upgrade as part of its digital transformation agenda. The 11-month program involved the deployment of FirstGen v7 and the NextGen Integration Platform (NIP v3) from FirstApex Insurance Systems. This upgrade introduces low-code/no-code configurability, automated deployment pipelines, secure integrations, and private cloud-based scalability across underwriting and claims. The project successfully migrated nearly 48...
Pennsylvanians are abandoning their health insurance as premiums are expected to double.
In Pennsylvania, a significant number of residents are opting to drop their health insurance as premiums are expected to double on January 1, 2026. This drastic increase comes as lawmakers have yet to extend Affordable Care Act subsidies, leaving many individuals and free care clinics uncertain about their future. The Meadville Area Free Clinic, for instance, is facing a substantial increase in premiums, from $540 to over $1,000 per month. This hike poses a significant challenge for the...
Cholamandalam MS General Insurance has reported a marginal increase in its Gross Written Premium (GWP).
Cholamandalam MS General Insurance Company (Chola MS) has reported a Gross Written Premium (GWP) of ₹2220 crore for the quarter ended September 2025 (Q2FY26), representing a slight increase from ₹2191 crore in the same quarter last year. For the half year ended September 2025 (H1FY26), the GWP was ₹4217 crore, marginally up from ₹4136 crore in the year-ago period. The company attributed the modest growth to the loss of crop business, which amounted to ₹383 crore in the corresponding half year,...
Mumbai State Commission holds Royal Sundaram General Insurance liable for wrongful repudiation of claim.
The State Consumer Disputes Redressal Commission, Mumbai bench, has ruled against Royal Sundaram General Insurance Co. Ltd. for wrongfully rejecting a claim related to a vehicle. The complainant, the registered owner of a Mitsubishi Pajero Sport, had filed the claim. The vehicle was insured with Royal Sundaram under a comprehensive insurance policy, which covered various risks, including accidents and natural disasters. However, when the complainant filed a claim for damages, the insurance...
Expiring health insurance subsidies potentially revived retroactively
The COVID-19 pandemic led to a significant expansion of health insurance subsidies under the American Rescue Plan Act (ARPA) in 2021. These subsidies, which were designed to make health insurance more affordable for millions of Americans, are set to expire at the end of 2022. However, there is a possibility that these subsidies could be revived retroactively if Congress takes action. The ARPA subsidies have had a substantial impact on the affordability of health insurance, with many...
Essential Motor Insurance Add-Ons from Royal Sundaram
The monsoon season in India can be challenging for car owners, with heavy rains, flooding, and waterlogging affecting nearly every region. In fact, over 90% of Indian cities face waterlogging and flooding problems during this time, leading to significant vehicle wear and tear and related costs. To mitigate these risks, having the right insurance coverage is crucial. Royal Sundaram's motor insurance add-ons can provide the extra protection needed to keep vehicles secure during the monsoons. One...
The Supreme Court has ruled that an insurance company is not liable to pay compensation in cases where the death of a person occurs due to their own rash and negligent driving.
The Supreme Court of India has ruled that insurance companies are not responsible for paying compensation to the families of drivers who die as a result of their own reckless or negligent driving. This decision was made in a case where a man, N S Ravisha, died in a car accident after driving rashly and negligently. His family had claimed Rs 80 lakh in compensation from the insurance company, but the court dismissed their petition. According to the court, the family members of the deceased...
Numerous working Americans are struggling without health care coverage.
The United States is the only high-income country that does not guarantee health care to all its citizens. As a result, millions of Americans are left without access to medical care, forcing them to rely on free clinics and charity events. In Bethlehem, Pennsylvania, a free pop-up medical clinic was held, where hundreds of people gathered to receive medical attention. Many of those in attendance, such as Giovanni Gonzalez and his partner Grace Frizzell, struggle to afford basic medical care,...
The latest claim settlement ratio of health and general insurance companies was released by IRDA in 2025. According to the data, Navi and Acko have taken the lead, while Star Health and Zuno have fallen below the 90% mark.
The rising medical inflation has made it challenging for individuals to bear medical expenses without a comprehensive health insurance policy. In India, the Insurance Regulatory and Development Authority (IRDAI) releases an annual list of claim settlements by health and general insurance companies. The claim settlement ratio, which refers to the percentage of claims paid or settled by an insurer, is a reliable way to assess an insurer's efficiency. According to the latest figures for...
Netcore Cloud Expands Presence in India, Establishes Office in Chennai to Leverage Tamil Nadu’s Thriving Tech Hub
Netcore Cloud, a leading technology company, has expanded its presence in India with the opening of a new office in Chennai. This marks the company's sixth office in the country and its second in South India, highlighting its focus on regional expansion and deepening customer relationships. The Chennai office is strategically located to tap into the city's robust SaaS talent base, business-friendly environment, and strong sectors such as BFSI and manufacturing. According to Kalpit Jain, Group...
The insurance industry is seeking government assistance to extend Input Tax Credit (ITC) benefits to include distribution costs and renewals, according to the CEO of Aditya Birla Sun Life Insurance.
The life insurance industry in India is planning to approach the government with new demands after the GST Council recently exempted individual life and health insurance policies from tax. The industry's primary request is to extend input tax credit (ITC) benefits to distribution costs and renewal premiums of past policies, even under the new zero-GST regime. According to Kamlesh Rao, MD & CEO of Aditya Birla Sun Life Insurance, distribution costs are similar to reinsurance costs, which have...
Protect Your Vehicle This Monsoon: Essential Motor Insurance Add-Ons from Royal Sundaram
The monsoon season in India poses significant challenges for car owners, with heavy rains, flooding, and waterlogging affecting nearly every region. According to a recent survey, 68% of respondents reported that the monsoon season leads to significant vehicle wear and tear, resulting in substantial repair expenses. To mitigate these risks, having the right insurance coverage is crucial. While standard insurance may not provide adequate protection, add-ons can offer the extra cover needed to...
DACA Whiplash, Health Insurance, and More
In 2025, Sahan Journal's health coverage focused on the challenges faced by immigrant communities in accessing healthcare in Minnesota. One major theme was the impact of cuts and downsizing, particularly for undocumented immigrants. The journal reported on several key stories, including the potential loss of healthcare coverage for DACA recipients, which ultimately occurred when a rule granting them access to Affordable Care Act plans was reversed. This change affected over 500,000 people....
Privatization of general insurers gets a reboot following FDI cap increase.
The Indian government is set to restart the process of privatizing a state-run general insurer in the next financial year. This decision comes after the Parliament passed a bill to increase the foreign direct investment (FDI) limit in the insurance sector to 100%. The government is expecting more players to show interest in the privatization process, which could lead to better valuations. The privatization process is part of the government's plan to reduce its stake in state-owned general...
Tata Consultancy Services (TCS) has strengthened its long-term partnership with Aviva in the UK.
Tata Consultancy Services (TCS) has announced the expansion of its partnership with Aviva, a leading insurance provider in the UK. The partnership will see TCS' subsidiary, Diligenta UK, manage over 6.5 million policies on behalf of Aviva, providing end-to-end policy administration services. This expansion is a testament to the long-standing trust and commitment between TCS and Aviva, with TCS having delivered transformed services and outcomes for Aviva's customers over the years. The...
Europe’s air travel experiences severe disruptions as numerous airlines, including Vueling, Aeroflot, Wizz, and Edelweiss, encounter over 500 flight delays and 19 cancellations, impacting passengers in Italy, Russia, Turkey, and Switzerland, with key airports such as Rome, Moscow, Istanbul, and Zurich being significantly affected.
Travel disruptions are severely impacting Europe, with over 500 delays and 19 cancellations affecting passengers in Italy, Russia, Turkey, and Switzerland. Key cities such as Rome, Moscow, Istanbul, and Zurich are experiencing long waits, uncertainty, and frustration due to operational issues, staffing shortages, adverse weather conditions, and technical difficulties. The disruptions are causing a backlog of flights, straining airport resources, and leading to delayed and canceled departures....
The impending expiration of ACA subsidies poses a significant threat to the stability of the entire healthcare economy, potentially triggering a catastrophic free-fall.
The expiration of enhanced subsidies for the Affordable Care Act (ACA) on January 1 is expected to have significant consequences for rural hospitals and Americans who rely on them. The subsidies, which were introduced in 2021 to make health insurance more affordable during the COVID-19 pandemic, are set to expire, and Congress has yet to extend them. As a result, health care costs are expected to rise, and many Americans may opt for cheaper insurance with higher deductibles or drop their...
PNB MetLife Junior Badminton Championship (JBC) – One of the Biggest National Open Platform Tournaments for Badminton, Reaches Pune!
The PNB MetLife Junior Badminton Championship (JBC) - Season 5 is a national open badminton tournament that aims to promote the sport among young enthusiasts. The tournament is being held across 10 cities in India, with Pune being the third city to host the event. The tournament was inaugurated by Mangesh Kashikar, Secretary Events- Maharashtra Badminton Association, Nikhil Kanitkar, Former Olympic Player, Girish Natu, Technical Director- Badminton Association of India, and Ranjit Natu, Hon...
Enhanced ACA Health Insurance Subsidies Likely to End – Ogletree
The enhanced Affordable Care Act (ACA) health insurance subsidies, which were introduced as part of the American Rescue Plan Act (ARPA) in 2021, are likely to end soon. These subsidies have played a crucial role in making health insurance more affordable for millions of Americans. However, unless Congress takes action to extend them, they are set to expire at the end of 2022. The enhanced subsidies have had a significant impact on the affordability of health insurance for individuals and...
Aviva is expanding its policy administration capabilities through a partnership with Diligenta, a subsidiary of Tata Consultancy Services (TCS).
Aviva, a UK-based insurance company, has expanded its policy administration services contract with Tata Consultancy Services (TCS), increasing the total number of policies managed to over 6.5 million. TCS subsidiary Diligenta will administer an additional 1.1 million life insurance policies under this new arrangement. This expansion allows Aviva to apply a consistent customer experience across its portfolio by adopting an enterprise-wide digitization model that supports new consumer duty...
62% of Indian Fathers Take Charge of Family Finances, Reveals PNB MetLife Survey, Highlighting Rise of Hero Dads
A recent survey conducted by PNB MetLife India Insurance Limited has shed light on the evolving role of fathers in India, with a significant 62% of respondents identifying themselves as "Hero Dads" who prioritize their family's financial security. The survey, which engaged over 6,000 fathers across the country, classified them into three distinct personas: "Hero Dads," "Thoughtful Dads," and "Disciplined Dads." The findings suggest that Indian fathers are becoming more financially aware and...
Aviva has appointed Saatchi & Saatchi as its new creative agency following a competitive pitch.
Aviva, a UK-based insurance company, has appointed Saatchi & Saatchi as its new creative agency following a competitive pitch process. This move marks a significant change for the brand as it seeks to evolve its communications in a highly competitive insurance market. The appointment brings an end to Aviva's long-standing relationship with adam&eveDDB, which had handled the insurer's creative account for nearly ten years. During its tenure, adam&eveDDB delivered several high-profile brand...
Healthcare costs are expected to increase for some individuals in 2026, while others may experience a decrease in expenses.
A significant healthcare divide is expected to emerge in 2026, affecting Americans differently based on their insurance coverage. On one hand, Medicare beneficiaries may experience savings on prescription drug costs, thanks to the Inflation Reduction Act (IRA) signed into law by President Joe Biden in 2022. The IRA allows Medicare to negotiate prices for certain expensive medications, which will lead to lower out-of-pocket costs for nearly 9 million older adults. Starting January 1, 2026, the...
We’re Stuck With Health Insurance—But We Can Improve It
The proportion of healthcare services purchased through insurance has increased significantly over the past century, thanks to tax exemptions for employer-sponsored benefits. This has led to a surge in spending on treatment, as consumers are insulated from the cost of services. However, making patients bear more of their costs out of pocket is not an effective way to reduce wasteful healthcare spending. Instead, it can inhibit access to care, particularly for the seriously ill, who account for...
NCDRC Orders United India Insurance to Pay Rs. 2.35 Crores for Cancelled Cricket Match
The National Consumer Commission has ruled in favor of the Andhra Cricket Association, holding United India Insurance Co. Ltd. liable for deficiency in service. The insurance company had wrongfully rejected a claim related to the cancellation of a One Day International cricket match that was scheduled to take place on October 14, 2014. The cancellation was due to a cyclone, which forced the organizers to call off the match. As a result of the cancellation, the Andhra Cricket Association...
Bajaj Allianz General Insurance, Tata AIG, and United India have joined CRED Garage as insurance partners.
CRED, a fintech platform, has expanded its selection of motor insurers on CRED garage to include Bajaj Allianz General Insurance, Tata AIG, and United India Insurance. This addition brings the total number of curated insurance providers on the platform to seven, including ACKO, ICICI Lombard, Zurich Kotak, and Digit. CRED members can now evaluate and choose from India's leading motor insurance providers in one place, with the ability to compare premiums, get quotes, and renew their policy...
Two-wheeler insurance scam: Rs 80 crore duped from 25,000 victims
A massive insurance fraud racket has been uncovered in Ghaziabad, India, with over 25,000 people falling victim to the scam. The fraud, which involves vehicle insurance, has a financial impact of more than Rs 50 crore (approximately Rs 80 crore) in Ghaziabad alone, with 128 people from the city affected. The scam was busted by the Ghaziabad Cyber Police, who arrested two key conspirators, 51-year-old Sartaj and 38-year-old Deepak Thakur. The accused, who were licensed agents at the RTO office...
Trump’s cash-for-healthcare plan faces significant opposition in Congress, coinciding with a projected surge in insurance costs.
As the Covid-era tax credits for health insurance premiums are set to expire at the end of the year, millions of Americans are bracing for a significant increase in their healthcare costs. In response, Republicans in Congress are considering using a partisan tactic to force through direct cash payments to help Americans defray these costs. The idea, which was recently floated by President Donald Trump, involves using tariff revenue to fund these payments. However, the plan is facing skepticism...
The National Consumer Disputes Redressal Commission (NCDRC) has criticized PNB MetLife for allegedly using a ‘forged’ death certificate in a life insurance policy case worth Rs 11.4 lakh.
The National Consumer Disputes Redressal Commission (NCDRC) has criticized PNB MetLife for allegedly using a forged death certificate in a life insurance policy case. The case involves a policy with a coverage amount of Rs 11.4 lakh. The insured individual had purchased the policy, but unfortunately, they passed away. The nominee filed a claim for the insurance amount, but PNB MetLife rejected the claim citing that the death certificate provided was forged. The insurance company stated that...