Awasthi briefs Shah on IFFCO’s activities
On Friday, Dr. U.S. Awasthi, Managing Director of the Indian Farmers Fertiliser Cooperative Limited (IFFCO), met with Amit Shah, Union Minister of Home Affairs and Minister of Cooperation, to discuss the evolving role of cooperatives in India's economy and rural prosperity. Dr. Awasthi provided a comprehensive update on IFFCO's performance for the Financial Year 2024-25, highlighting the organization's achievements in line with the government's vision of "Sahakar Se Samriddhi" (Prosperity...
Tata Consultancy Services (TCS) has partnered with Aviva UK to improve customer experience.
Tata Consultancy Services (TCS) has expanded its partnership with Aviva, a leading UK insurance provider, to manage over 6.5 million policies through its subsidiary, Diligenta UK. This move enables Aviva to leverage TCS' expertise in providing end-to-end policy administration services, enhancing customer experiences, and driving digital transformation. The partnership is centered around the New Consumer Duty Principles, which prioritize positive outcomes for customers. As part of this...
Compare United India Mediclaim with New India Mediclaim to find the better policy – The Shillong Times
When it comes to selecting a mediclaim policy in India, two of the leading public sector insurers, United India and New India Assurance, are often considered. Both companies offer comprehensive health insurance policies that cater to individual and family needs, but there are notable differences in coverage, features, benefits, and premiums. Here's a comparison of the two: United India Mediclaim Policy Sum insured: Rs. 1 lakh to Rs. 10 lakh Coverage: Inpatient hospitalization, room rent, ICU...
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a fine of Rs 1 crore on Care Health Insurance due to lapses in health insurance claim settlements.
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on Care Health Insurance due to lapses in health insurance claim settlements. This significant penalty highlights the regulatory body's commitment to ensuring that insurance companies comply with the rules and regulations governing the industry. The penalty was imposed after IRDAI conducted an investigation into Care Health Insurance's claim settlement practices. The investigation revealed...
Delhi High Court has ruled that a government circular cannot limit insurance coverage, and has ordered an insurer to pay the balance of a COVID-19 claim.
The Delhi High Court has ruled in favor of a policyholder, Reena Goel, who had filed a petition against United India Insurance Company Limited for not reimbursing her full Covid-19 hospitalization claim. The court observed that a government circular issued during the pandemic, which regulated hospital charges, cannot be used to limit the contractual obligations of insurance companies towards their policyholders. The circular, issued by the Delhi government on June 20, 2020, was intended to...
Aviva has partnered with Percayso to enhance its vehicle data analytics capabilities.
Aviva, a leading insurance provider, has partnered with Percayso Inform, a data enrichment company, to enhance its data capabilities for personal and commercial insurance lines. The multi-year partnership will provide Aviva with access to a broad set of datasets, including the UK's largest vehicle history dataset, to support pricing, underwriting, and claims. The dataset combines long-term vehicle records with inputs from motor trade retail sales, DVLA, DVSA, and MOT history, offering a...
PNB MetLife assigns creative duties to Cheil India
PNB MetLife India Insurance has appointed Cheil X India as its integrated creative agency, marking a significant shift in its marketing strategy. The decision was made after a competitive pitch process involving multiple agencies, including incumbent ones. This move consolidates PNB MetLife's creative mandate with a single agency, Cheil X India, which operates as an independent, full-service agency under the Cheil India SWA group. The appointment of Cheil X India comes at a time when PNB...
Tata AIA Life, Temasek buys 1.4% stake in SBFC Finance for Rs 161 cr
Tata AIA Life Insurance Company and Temasek, a Singapore-based investment company, have jointly acquired a 1.4% stake in SBFC Finance, a non-banking financial company (NBFC), for approximately Rs 161 crore. This investment highlights the growing interest of prominent investors in India's financial sector, particularly in NBFCs, which play a crucial role in providing credit to various segments of the economy. SBFC Finance, formerly known as Sergeants Brothers Financial Services Private Limited,...
Rajasthan Royals vs insurer over Sreesanth injury heads to Supreme Court
The Rajasthan Royals cricket team has been embroiled in a decade-long legal battle with United India Insurance Company over an injury claim for former player S Sreesanth. The case dates back to 2012, when Sreesanth suffered a knee injury during a practice match, causing him to miss the season. The Royals had taken out a special contingency insurance cover worth over ₹8.7 crore and filed a claim of approximately ₹82.8 lakh to recover player fees for Sreesanth's missed season. However, the...
Vulnerable Republican slams decision to send health insurance costs soaring as ‘political malpractice’
House Republican leaders have decided to move forward with a healthcare bill that does not address the impending expiration of pandemic-era tax credits for Affordable Care Act (ACA) coverage, which will result in significantly higher insurance costs for millions of Americans in 2026. The bill, which is expected to be voted on this week, focuses on expanding insurance coverage options for small businesses and the self-employed, but does not include measures to extend the subsidies that have...
A court has ruled in favor of a family whose child underwent foot surgery, determining that the condition was congenital rather than developmental, and as a result, the insurance company is liable to cover the costs.
A consumer complaint was filed by Sandeep Pai, a resident of Bengaluru, against IFFCO-Tokio General Insurance and Paramount Health Services after they denied his 15-year-old son Mukund's corrective foot surgery claim. The insurers claimed that the problem was a congenital defect present from birth, which was not covered under the policy. However, Pai argued that the surgery was to correct a recently developed deformity, not a congenital defect. The insurers rejected both the cashless treatment...
House Speaker Johnson rejects attempts to prolong healthcare subsidies, proceeding with Republican proposal
House Speaker Mike Johnson has rejected efforts to extend health care subsidies, instead pushing forward with the Republican plan to overhaul the Affordable Care Act (ACA). The subsidies, which were introduced during the COVID-19 pandemic, have helped millions of Americans afford health insurance. However, they are set to expire at the end of the year, leaving many concerned about the impact on healthcare access. Johnson's decision to reject the extension of subsidies has sparked criticism...
Irdai fines Care Health Insurance ₹1 crore after inspection flags failures in claims and internal controls.
The Insurance Regulatory and Development Authority of India (Irdai) has imposed a penalty of Rs 1 crore on an insurer due to non-compliance with regulations. During an inspection, it was found that the insurer had failed to properly communicate with policyholders regarding claim settlements, deductions, and partial payments. In several cases, the insurer had sent communications to hospitals, but there was no evidence that the policyholders had received the same information. The regulator...
Incident at Zurich Airport: Edelweiss flight returns to gate due to unruly passengers
An Edelweiss flight from Zurich to Tanzania was forced to turn back to the gate on Saturday due to two unruly passengers who refused to follow the crew's instructions. The incident occurred shortly before take-off, and the police were called to intervene. The Airbus A350, carrying 306 passengers, had already taxied to the runway when the problem arose, but returned to the gate at 10:33 am. The two disruptive passengers, a woman and her husband, were handed over to the Zurich cantonal police,...
Percayso Inform Signs Up Aviva
Aviva, a leading insurance provider, has partnered with Percayso Inform to enhance its insurance data enrichment capabilities. The multi-year deal will see Aviva utilize Percayso's market-leading vehicle data enrichment solutions to support its personal and commercial lines propositions. Percayso's vehicle intelligence platform combines historic vehicle data with information from motor trade retail sales, DVLA, DVSA, and MOT history to provide a complete picture of any vehicle. This will...
House Republicans Unveil Alternative Health Care Plan Following Senate Setback
The US Congress is facing a time-sensitive issue as the enhanced Affordable Care Act (ACA) tax subsidies are set to expire at the end of the year, which could lead to a significant increase in healthcare premiums for millions of Americans. Democrats have been pushing to extend these subsidies, but the Senate failed to advance bills to address healthcare costs this week. In response, House Republicans released a proposed legislation on Friday that does not extend the enhanced tax credits but...
Madras High Court Rules That Deceased’s Family Can’t Claim Compensation From Insurance Company If Deceased Was Solely Responsible For Accident Due To Negligent Driving
The Madras High Court has ruled that an insurance company is entitled to retrieve the compensation amount deposited in a motor accident case where the deceased was solely responsible for the accident due to negligent driving. The case involved a Toyota Qualis Car that met with an accident in 2009, resulting in the death of the driver. The driver's wife filed a claim petition seeking compensation of Rs 3,93,500, which was awarded by the Motor Accidents Claims Tribunal, along with interest....
Iowa farmers claim that the expiration of federal health care tax credits will negatively impact their budgets.
Iowa farmers are expressing concern about the impending expiration of federal health care tax credits, which they claim will significantly impact their budgets. The credits, part of the American Rescue Plan Act, have been instrumental in helping farmers and their families afford health insurance. With the credits set to expire at the end of 2022, many farmers are worried about the financial strain they will face in maintaining their health care coverage. The tax credits have been a lifeline...
PNB MetLife and Policybazaar have launched a new pension multicap fund as part of their Unit Linked Insurance Plan (ULIP) offerings.
PNB MetLife India Insurance has introduced the Pension Premier Multicap Fund, a new Unit-Linked Insurance Plan (ULIP) that aims to help customers build retirement savings while providing life insurance cover. The fund is available for subscription until April 15, 2025, at an initial Net Asset Value (NAV) of ₹10, after which it will be available at market value. This multicap fund will be offered through the PNB MetLife Smart Invest Pension Plan and will follow an active investment strategy,...
Health care deal slipping away as Affordable Care Act subsidies near expiration
As the year comes to a close, millions of Americans are facing a potential increase in their health insurance premiums due to the expiration of enhanced Affordable Care Act (ACA) tax credits. The subsidies, which were expanded during the pandemic, are set to expire on December 31, and lawmakers are struggling to come up with a solution. The Senate failed to advance two competing health care bills last week, and the House is now considering a GOP-led package that aims to lower premiums through...
IFFCO-TOKIO’s Journey of Trust Continues
IFFCO-TOKIO General Insurance Company Limited (IFFCO-TOKIO GIC) is celebrating its 25th anniversary, marking a significant milestone in its journey. The company was established in 2000 as a joint venture between IFFCO and Japan's Tokio Marine Group and has since become one of India's leading general insurance companies. With a strong focus on customer satisfaction and claim settlement rates, IFFCO-TOKIO has grown to cater to over 86 lakh policies through 1000+ offices and 35,000 agents. Over...
Aviva Canada invests in climate-resilient homes in Alberta
A recent pilot project has shown that building homes with climate-resilient features does not have to break the bank. The project demonstrated that incorporating features such as Class 4 hail-rated shingles, hurricane ties, reinforced siding, triple-pane windows, and hail-resistant roof vents can be done without significantly increasing construction costs. This is a significant finding, as it suggests that builders can create homes that are better equipped to withstand extreme weather events...
Steady Returns, Low Risk: Edelweiss Multi Asset Fund Excels in Turbulent Markets
The Edelweiss Multi Asset Allocation Fund is a hybrid mutual fund that offers a unique blend of debt, equity arbitrage, and commodities to provide consistent accrual income with equity-like tax efficiency. The fund is designed for conservative investors and is managed by a team of experienced fund managers, including Bhavesh Jain, Bharat Lahoti, and Rahul Dedhia. The fund's portfolio is allocated 56% to high-quality debt, 29% to equity arbitrage, and 13% to gold and silver arbitrage, with a...
ManipalCigna Health Insurance links winter pollution to rise in respiratory conditions › Mediabrief.com
ManipalCigna Health Insurance has reported a significant increase in respiratory-related claims during the winter months, with a 321% surge between 2020 and 2024. This four-fold increase highlights the growing impact of worsening winter air quality across the country. The company's six-year analysis shows that respiratory conditions account for 18.8% of all seasonal disease-related claims during the winter months, with chronic obstructive pulmonary disease (COPD) and asthma being the leading...
House Republicans introduce healthcare plan without extending Affordable Care Act subsidies ahead of upcoming vote
House Republicans, led by Speaker Mike Johnson, have introduced a healthcare package aimed at addressing rising costs. The proposal, which will be voted on in the House next week, includes measures to expand association health plans, impose transparency requirements on pharmacy benefit managers, and appropriate funds for cost-sharing reductions to lower premiums in the individual market. However, the plan does not extend the expiring enhanced Affordable Care Act (ACA) subsidies, which are set...
Insurance companies are not liable to pay compensation for deaths caused by rash driving, according to a ruling by the Supreme Court.
The Supreme Court of India has ruled that insurance companies are not obligated to pay compensation to victims who die due to rash and negligent driving. This decision was made in a case where a man, N.S. Ravisha, died in a car accident on June 18, 2018, while driving at high speed and breaking traffic rules. The accident occurred when Ravisha's car toppled over and rolled on the road near Mylanahalli Gate, Arasikere, resulting in his death. Ravisha's wife and son claimed compensation of Rs 80...
Congress is racing against time to prevent a significant increase in healthcare costs that could affect millions of people.
As the holiday season approaches, lawmakers are racing against time to address the looming expiration of enhanced tax credits that make health insurance premiums more affordable for millions of Americans. The credits, which are set to lapse at the end of the month, have been a crucial component of the Affordable Care Act (ACA). If they expire, it could lead to a significant increase in healthcare costs for many individuals and families. The Senate recently failed to advance healthcare plans...
Obamacare Expiration to Trigger ‘Death Spiral’ in US Healthcare, Experts Warn
The expiration of subsidies for Affordable Care Act (ACA) health insurance is likely to have a significant impact on the healthcare sector in the US. According to healthcare policy experts, Americans who rely on these subsidies will probably switch to plans with lower monthly premiums and high deductibles or decide not to purchase any coverage. This will have a serious and damaging impact on the entire sector, including rural hospitals and people with employer-sponsored health insurance. The...
House Republicans are striving to develop a healthcare plan, but the party remains divided.
The US Senate has failed to reach an agreement on a healthcare plan, and now the House of Representatives is taking up the issue. Speaker Mike Johnson has unveiled a Republican alternative plan, which focuses on enhancing access to employer-sponsored health insurance plans and clamping down on pharmacy benefit managers. The plan does not include an extension of the enhanced tax credit for millions of Americans who get insurance coverage through the Affordable Care Act (ACA), also known as...
Edelweiss Life achieves its highest claim settlement ratio of 99.29% in FY25.
Edelweiss Life Insurance, based in Mumbai, Maharashtra, India, has announced its highest-ever Claim Settlement Ratio of 99.29% for the fiscal year 2025. This ratio measures the percentage of death claims paid out compared to the total number of claims received, serving as a key indicator of an insurer's reliability and commitment to its policyholders. The company's Managing Director and CEO, Sumit Rai, stated that the moment of truth for Edelweiss Life Insurance is when families need them...
A court has sentenced a United India Insurance official to 4 years imprisonment for involvement in corruption.
On June 30, 2025, A. Sitarama Krishna Rao, Special Judge for CBI Cases in Vijayawada, delivered a verdict in a corruption case against Kola Rama Narasimham, a Development Officer at the United India Insurance Co. Ltd.'s Kandukuru Branch in Prakasam District, Andhra Pradesh. Narasimham was found guilty of demanding and accepting a bribe of ₹10,000 from a complainant. The bribe was allegedly demanded in exchange for forwarding an insurance claim file related to the death of the complainant's...
People seeking alternatives due to impending health insurance premium increases
Tax credits for the Affordable Care Act (ACA) are set to expire at the end of 2025, which will result in a significant increase in health insurance premiums for millions of people. Terry Davis, a self-employed woman in her 60s, is among those who will be affected by the expiration of the subsidies. She currently pays around $500 per month for her health insurance, but expects her premiums to rise to at least $3,000 per month if the subsidies are not extended. This would be unsustainable for...
Vodafone Idea has introduced a family travel international roaming plan, offering a discount of up to 25% for specific users.
Vi, formerly known as Vodafone Idea, has introduced a unique international roaming (IR) offer targeted at family travelers. The telecom company is providing discounts on IR packs for secondary members on its Family Postpaid plans. Secondary members on Vi Family Postpaid plans will receive a 10% discount, while REDX Family subscribers will receive a 25% discount on IR packs. These discounts are applicable to 10-day, 14-day, and 30-day packs starting at Rs 2,999. This move comes as outbound...
Higher cost, worse coverage: Affordable Care Act enrollees say expiring subsidies will hit them hard – KWKT – FOX 44
The Affordable Care Act (ACA), also known as Obamacare, has provided health insurance to millions of Americans since its inception in 2010. However, the subsidies that make the coverage affordable for many are set to expire, leaving enrollees worried about the significant impact on their finances and access to healthcare. The subsidies, which were enhanced by the American Rescue Plan Act in 2021, have helped reduce the cost of premiums for many low- and middle-income families. According to a...
Edelweiss Mutual Fund plans to launch a Greater China Fund through GIFT City, providing retail investors with access to the overseas market.
Edelweiss Mutual Fund is launching a Greater China equity fund for retail investors through the GIFT City IFSC platform, marking its first international product under this structure. The fund will provide exposure to companies across Mainland China, Hong Kong, and Taiwan, mirroring the strategy of Edelweiss's existing Greater China offshore feeder fund. This new fund is designed specifically for retail participation and will be the first of many international offerings to follow. The fund will...
House Republicans Release Health Plan to Allow Subsidies to Expire – The New York Times
The House Republican Party has released a healthcare plan that would allow subsidies for low-income individuals to purchase health insurance to end. The plan, which is part of the American Health Care Act, aims to repeal and replace the Affordable Care Act (ACA), also known as Obamacare. Under the new plan, subsidies would be replaced with tax credits that would be based on age, rather than income. This change could lead to higher costs for older and lower-income individuals. The plan would...
The Gujarat High Court has issued a notice to an insurance company in connection with the Harni Lake boat tragedy.
The Gujarat High Court has issued a notice to United India Insurance Company Ltd in relation to the Harni Lake boat capsizing incident that occurred on January 18, 2024. The incident resulted in the loss of 14 lives, including 12 school children and two teachers, during a school picnic. The court has directed the insurance company to explain why the compensation determined for the victims' families should not be tied to them. It was revealed that the contractor firm, M/s Kotia Projects, had a...
House Republican healthcare plan does not extend Obamacare subsidies
House Republican leaders have introduced a healthcare proposal that fails to address the impending expiration of enhanced Affordable Care Act (ACA) subsidies, which are set to lapse on December 31. This expiration will affect approximately 24 million Americans, who will face significant increases in health insurance premiums starting January 1. The proposed bill does not extend these subsidies, instead offering cost-sharing reductions that will not take effect until January 2027. The bill's...
Speaker Johnson Unveils Healthcare Plan Amidst Republican Division in Search of Alternative – Colorado Springs Gazette
Speaker of the House Mike Johnson has unveiled a new healthcare plan, as Republicans struggle to come up with a unified alternative to the Affordable Care Act (ACA), also known as Obamacare. The plan, which Johnson has dubbed the "Lower Costs, More Access" plan, aims to reduce healthcare costs and increase access to healthcare for Americans. The plan includes several key provisions, including allowing individuals to purchase health insurance across state lines, expanding health savings...
PNB MetLife’s 360 BIZ Revolutionizes Insurance with Innovative Solutions
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 experience for both employees and employers, offering comprehensive insurance coverage and flexible employee benefits. 360 BIZ is suitable for businesses of all sizes and brings together a range of benefits, including Group Term Life, Voluntary Group Life, and Critical Illness...
For Republicans, Trump’s hands-off approach to health care is a problem.
The New York Times article highlights the concerns of Republicans regarding President Trump's hands-off approach to healthcare. Despite the party's long-standing goal of repealing and replacing the Affordable Care Act (ACA), also known as Obamacare, Trump has taken a surprisingly passive stance on the issue. This has left many Republicans frustrated and worried about the potential consequences of inaction. The article notes that Trump's approach to healthcare has been marked by a lack of clear...
Star Health under IRDAI scrutiny over health insurance claim settlement practices
The Insurance Regulatory and Development Authority of India (IRDAI) has discovered significant lapses in the claim settlement practices of Star Health and Allied Insurance, a stand-alone health insurer. The regulator is likely to take action against the company, although official investigations are still ongoing. IRDAI has also scrutinized 8-10 other general and health insurers, but no action has been reported against them. The regulator examined various claim-related aspects, including the...
The Trump administration has announced a new approach to healthcare and is increasing pressure on Venezuela.
The Trump administration had a busy week, with several significant developments taking place. One of the most notable events was the release of new photos from Jeffrey Epstein's estate by Democrats on the House Oversight Committee. The photos showed several powerful figures, including President Trump, former President Bill Clinton, and Bill Gates, in Epstein's orbit. The White House accused Democrats of releasing "cherry-picked photos" to create a false narrative, while Trump downplayed the...
HX expands partnership with Aviva
hx, a digital insurance platform, has expanded its partnership with Aviva, a leading insurance provider. This collaboration aims to enhance the digital distribution of Aviva's insurance products, making them more accessible to customers. The partnership will leverage hx's technology to streamline the insurance buying process, providing a more seamless and efficient experience for consumers. Aviva has been working with hx since 2020, and the expanded partnership is a testament to the success of...
Edelweiss Life announced its highest-ever claim settlement ratio of $99.29\%$ in FY25.
Edelweiss Life Insurance has reported its highest-ever Claim Settlement Ratio of 99.29% in FY25. This ratio measures the percentage of death claims paid out versus total claims received, indicating the insurer's reliability and commitment to policyholders. According to Sumit Rai, MD & CEO of Edelweiss Life Insurance, the company's goal is to provide support to families during difficult times. Over the years, Edelweiss Life Insurance has refined its processes, simplified claim procedures, and...
PNB MetLife has partnered with Policybazaar to introduce the Pension Premier Multicap Fund.
PNB MetLife India Insurance Company Limited has partnered with Policybazaar to launch the PNB MetLife Pension Premier Multicap Fund, a Unit-Linked Insurance Plan (ULIP) designed to help customers build a robust retirement corpus while providing life insurance coverage. The fund is available with the PNB MetLife Smart Invest Pension Plan and is open for subscription from April 1 to April 15, 2025, at an initial Net Asset Value (NAV) of ₹10. The Pension Premier Multicap Fund offers a diversified...
Navigators are assisting Minnesotans in finding affordable health care coverage options amidst the ongoing stalemate in Washington.
The deadline to enroll in the Affordable Care Act (ACA) for coverage starting January 1, 2026, is December 15. In Minnesota, MNsure navigators are working to help residents determine which health care plans they can afford. However, a stalemate in Washington, D.C. over ACA subsidies has created uncertainty for many individuals and families. Democrats proposed a three-year extension of enhanced subsidies, while Republicans proposed redirecting the funds to health savings accounts, but both...
Dueling Senate bills aimed at addressing healthcare affordability have failed to pass, according to the American Hospital Association.
The American Hospital Association (AHA) has reported that two dueling Senate bills aimed at addressing healthcare affordability have failed to pass. The bills, which were introduced in an effort to reduce healthcare costs and improve access to care, were unable to gain sufficient support to move forward. The first bill, sponsored by Senator Lamar Alexander (R-TN), focused on targeted, bipartisan solutions to address healthcare affordability. The bill included provisions to lower prescription...
Aditya Birla Capital has strengthened Aditya Birla Housing Finance Limited (ABHFL) with an investment of Rs 249 crore.
Aditya Birla Capital Limited (ABCL) has invested Rs 249 crore in its subsidiary, Aditya Birla Housing Finance Limited (ABHFL), through a rights issue. This is the second infusion of funds into ABHFL, following a previous investment of Rs 300 crore. The additional capital will enable ABHFL to pursue new growth opportunities, expand its lending portfolio, and enhance its ability to serve a wider customer base. The investment aims to support ABHFL's growth plans and improve its leverage ratio,...
Indiana lawmakers reject new congressional map; Senate fails to pass health care bills
Maryland Democrat David Trone has announced his candidacy for the House of Representatives, seeking to reclaim the seat he previously held. Trone, the founder of Total Wine & More, had unsuccessfully run for the Senate in 2024, spending over $60 million of his own money on the campaign. His entry into the race sets up a fierce primary against incumbent Rep. April McClain Delaney, who had succeeded Trone after he left the seat to pursue his Senate bid. Trone launched his campaign with a video...
Edelweiss Mutual Fund has achieved an 80% growth in assets under management (AUM) over the past 3 years. The company has also reached a milestone of Rs 500 crore in systematic investment plans (SIPs), which Radhika Gupta attributes to investor confidence.
Edelweiss Mutual Fund has achieved a significant milestone, reporting a total Assets Under Management (AUM) of approximately Rs 1.64 lakh crore as of October 31, 2025. This represents an impressive growth of over 80% in just three years, up from Rs 91,000 crore in October 2022. The fund house has also crossed the Rs 500 crore mark in its monthly Systematic Investment Plan (SIP) book, demonstrating strong investor confidence and sustained inflows. The SIP book, which captures regular monthly...
Idaho health insurance enrollment deadline approaches
Idaho residents have until December 15 to enroll in health insurance coverage for 2026 through Your Health Idaho. To be eligible, individuals must not have affordable employer-sponsored coverage, be under 65 or not eligible for Medicare, and not be eligible for Medicaid or other federal health insurance programs. They must also be a U.S. citizen or lawfully present and have a primary residence in Idaho. However, Idahoans may face increased monthly health insurance premiums if Congress does not...
Senate to Vote on Dueling Health Care Proposals with Little Sign of Resolution: NPR
The US Senate is set to vote on two healthcare-related bills on Thursday, but both are expected to fail. The subsidies for the Affordable Care Act (ACA) are set to expire at the end of the month, affecting millions of Americans. Democrats are seeking a three-year extension of the subsidies, warning that without it, healthcare premiums will skyrocket in 2026. However, the Democratic proposal lacks enough Republican support to pass. Republicans argue that extending the subsidies would allow...
‘NoRKA Care’ insurance launched exclusively for non-resident Keralites – Kerala Kaumudi
The Kerala government has launched 'NoRKA Care', an exclusive insurance scheme designed specifically for non-resident Keralites (NRKs). This initiative aims to provide comprehensive protection and support to NRKs, addressing their unique needs and challenges while living abroad. NoRKA Care is a joint venture between the Non-Resident Keralites Affairs (NoRKA) department and a leading insurance provider. The scheme offers a range of benefits, including life insurance, health insurance, and...
UK’s Aviva implements GBST’s Composer platform
Aviva, a British multinational insurance company, has partnered with GBST to implement the Composer software-as-a-service (SaaS) platform for its individual annuities business transformation program. The platform will support Aviva's efforts to enhance its retirement planning offerings and improve the customer experience. With 25.2 million clients across the UK, Ireland, and Canada, Aviva is leveraging the Composer platform to capitalize on the resurgence of individual annuities sales. The...
Research And Views Archives | Equitymaster
The article discusses the e-commerce landscape in India, specifically focusing on two major players: Nykaa and Meesho. As the Indian e-commerce market continues to grow rapidly, these two companies are at the forefront of this trend. The question on everyone's mind is which business model will show stronger scalability, profitability potential, and long-term growth drivers in 2026 and beyond. Nykaa, a leading online beauty and fashion retailer, has established itself as a major player in the...
Momentum is considering an initial public offering (IPO) for its joint venture with Indian billionaire Kumar Mangalam Birla.
Momentum Group Ltd, a South African insurer, is considering an initial public offering (IPO) for its Indian venture, Aditya Birla Health Insurance Co. The company, which has $172 million in excess capital, plans to spend a third of this amount to expand its businesses in South Africa and add new services in India. Momentum's CEO, Jeanette Marais, stated that the Indian market has "massive potential" and the company would rather invest in high-growth markets like India. Momentum controls about...
IFFCO MD Dr. Udai Shanker Awasthi retires after four decades of decisive leadership role
Dr. Udai Shanker Awasthi, the Managing Director of the Indian Farmers Fertiliser Cooperative Limited (IFFCO), will retire on July 31, 2025, after a tenure spanning over four decades. Awasthi, a chemical engineer from Banaras Hindu University, joined IFFCO in 1976 and became Managing Director in 1993. During his time at IFFCO, he played a key role in expanding the cooperative's operations in India and abroad, leading international ventures and partnerships in countries such as Senegal, Oman,...
Home Health Aides to Receive New Medical Insurance Coverage
New York State has announced that it will replace the company providing health insurance to hundreds of thousands of home care workers next year. The current provider, Leading Edge Administrators, has been criticized for underpaying doctors, billing patients for care that should be covered, and attempting to cancel patients' insurance without notice. The company has also been accused of pocketing money meant for low-wage workers and directing profits to a shady charity. Leading Edge was hired...
The Supreme Court has ruled that the Split Multiplier concept is not applicable in the Motor Vehicles Act and should not be used by tribunals or courts when calculating compensation.
The Supreme Court of India has ruled that the concept of a "split multiplier" is not applicable under the Motor Vehicles Act, 1988, when calculating compensation for victims of motor accidents. The court made this decision while awarding enhanced compensation to the wife and children of a man who died in a motor accident in 2012. The deceased, aged 51, was driving his car when a bus collided with it, causing severe injuries that led to his death. The claimant-appellants, the wife and children...
GOP Senators to Counter Democrats’ Bid to Preserve Health Care Subsidies
GOP Senators are set to counter a bid by Democrats to preserve health care subsidies, according to a report by The New York Times. The move comes as Democrats attempt to extend the enhanced subsidies provided under the American Rescue Plan Act, which are set to expire at the end of 2022. These subsidies have helped make health insurance more affordable for millions of Americans, particularly those with lower incomes. The American Rescue Plan Act, signed into law by President Biden in March...
Aviva reveals the top risk for UK SMEs
Small to medium-sized enterprises (SMEs) are facing a multitude of concerns that go beyond just cyber threats. In addition to cyber risks, SMEs are worried about operational and financial challenges that could impact their businesses. Some of the top concerns include business interruption, reputational damage, fraud, and regulatory changes. Business interruption is a significant concern for 30% of SMEs, as it can have a devastating impact on their operations and bottom line. Reputational...
Vulnerable Republicans are growing anxious due to the divisions within the GOP on healthcare, according to a report by The Hill.
The Republican Party is facing internal divisions on healthcare, leaving some vulnerable members of Congress sweating about their reelection prospects. The party's inability to come up with a unified plan to replace the Affordable Care Act (ACA), also known as Obamacare, has created uncertainty and exposed deep divisions within the party. Some Republicans, particularly those in conservative districts, are pushing for a full repeal of the ACA, while others, especially those in moderate...
Dream of Year 2000 stands at remarkable heights today: Sanghani
IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, recently celebrated its Silver Jubilee at an event in New Delhi. The company marked 25 years of its establishment, which was a defining moment in 2000 when the Indian Farmers Fertiliser Cooperative Limited (IFFCO) joined hands with Japan's Tokio Marine Group. IFFCO Chairman Dileep Sanghani reflected on the journey, stating that the partnership was not just the establishment of another insurance company, but a...
Over the past 25 years, health insurance premiums have increased at a rate nearly three times that of worker earnings.
A recent study published in the journal JAMA Network Open found that health insurance premiums in the US have increased significantly between 1999 and 2024, outpacing worker earnings by three times. The main driver of these premium increases is the rising cost of medical services, particularly hospital services. Hospital costs have increased the most, while physician services and prescription drugs have risen more slowly. The study suggests that hospital consolidation, where hospitals and...
Obamacare Users Will Be Asked to Pay More for Plans That Cover Less – The New York Times
According to a recent report by The New York Times, users of Obamacare, also known as the Affordable Care Act (ACA), can expect to pay more for health insurance plans that cover less. This change is a result of the ongoing efforts to repeal and replace the ACA, as well as the Trump administration's actions to undermine the law. The report states that many people who buy their own health insurance through the ACA marketplace will face higher premiums and reduced coverage in the coming year....
Approximately 450,000 New York residents are expected to lose their Essential Plan health insurance coverage due to a funding cut in the federal budget.
New York state is facing a healthcare crisis as hundreds of thousands of families may soon lose their health insurance due to funding cuts. The state's Essential Plan, which provides low-cost health coverage to over 1.6 million people, is funded in part by federal dollars. However, the federal budget has been cut, and as a result, 450,000 people on the Essential Plan have been notified that their coverage will end this summer. These individuals, including freelancer Mike Walsh, will be left...
Swing District Republicans Prepare for Potential Political Backlash if Health Care Subsidies Lapse.
As the deadline for renewing health care subsidies approaches, Swing District Republicans are bracing themselves for potential political fallout. The subsidies, which were expanded under the American Rescue Plan Act, are set to expire at the end of the year. If they are not renewed, millions of Americans who receive financial assistance to purchase health insurance through the Affordable Care Act (ACA) marketplaces will face significant increases in their premiums. This could have major...
Aviva’s digital transformation results in reduced customer premiums
A recent survey by GlobalData found that price or premiums and the speed of response to queries or quotes are the key factors for insurance brokers when choosing which insurer to place business with. The survey, which focused on the UK commercial insurance market, revealed that 28.4% of respondents considered price or premiums as the most important factor, while 8.8% prioritized the speed of response to queries or quotes. This highlights the need for insurers to balance competitive pricing...
Trump’s initial challenge lies in acknowledging difficulties with the economy and healthcare.
President Donald Trump is facing a critical test this week as he attempts to address the rising costs of healthcare, groceries, and housing, which are a major concern for millions of Americans. Despite his claims of a thriving economy, many Americans are struggling to make ends meet, and Trump's response has been met with skepticism. The Senate is expected to vote on extending expiring subsidies on Affordable Care Act programs, which could leave millions without affordable healthcare options...
Dream of Year 2000 stands at remarkable heights today: Sanghani
IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, celebrated its 25th anniversary at Bharat Mandapam in New Delhi. The event marked a significant milestone in the company's journey, which began in 2000 when IFFCO, the world's largest fertilizer cooperative, partnered with Japan's Tokio Marine Group, one of the largest insurance giants. IFFCO Chairman Dileep Sanghani reflected on the union, stating that it was not just the establishment of another insurance...
The Indian government is reconsidering a plan to merge public sector general insurance companies as part of a broader push to restructure the insurance sector. The plan, which had been previously discussed, is back on the table and includes options for capital infusion and privatization.
The Indian Finance Ministry is reconsidering the merger of three state-owned general insurance companies: Oriental Insurance, National Insurance, and United India Insurance. This proposal was initially announced in the 2018-19 Budget to improve efficiency and scale by consolidating the three entities into a single insurer. However, the plan was dropped in July 2020, and instead, the government infused Rs 17,450 crore between 2019-20 and 2021-22 to revive the companies, which were facing...
Dream of Year 2000 stands at remarkable heights today: Sanghani
IFFCO Tokio General Insurance, a joint venture between IFFCO and Tokio Marine Group, celebrated its 25th anniversary at Bharat Mandapam, New Delhi. The event marked a significant milestone in the company's journey, which began in 2000 when IFFCO, the world's largest fertilizer cooperative, partnered with Tokio Marine Group, one of the largest insurance companies globally. IFFCO Chairman Dileep Sanghani reflected on the union, stating that it was not just the establishment of another insurance...
Safeguard 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 and flooding affecting nearly 90% of cities. This can lead to vehicle wear and tear, and subsequent repair expenses can be substantial. To mitigate these risks, having the right insurance coverage is crucial. Royal Sundaram offers innovative motor insurance add-ons that provide extra protection for vehicles during the monsoons. One such add-on is the Depreciation Waiver Cover, which allows customers to...
IFFCO-TOKIO & Cooperatives: Micro Insurance: Rediff Money news
IFFCO-TOKIO General Insurance Company has partnered with various cooperatives to offer micro insurance package policies, providing affordable solutions to under-covered communities. This initiative is part of the company's celebration of its silver jubilee and aligns with the Insurance Regulatory and Development Authority of India's (IRDAI) vision of "Insurance for All by 2047". Established in 2000 as a joint venture between Indian Farmers Fertilizer Co-operative (IFFCO) and Japan-based Tokio...
Republicans in Congress have yet to propose a comprehensive health plan, despite ongoing discussions and criticism of existing healthcare policies.
As the deadline for repealing and replacing the Affordable Care Act (ACA), also known as Obamacare, looms closer, Republicans in Congress are still struggling to come up with a viable healthcare plan. Despite having seven years to devise an alternative, the party remains deeply divided on the issue, with factions disagreeing on key aspects such as Medicaid expansion, pre-existing conditions, and the role of government in healthcare. The lack of a clear plan has raised concerns among lawmakers,...
IFFCO Tokio Celebrates 25 Years of Excellence, Receives Congratulatory Messages
IFFCO Tokio General Insurance Company Ltd. has completed 25 years of service, marking a significant milestone in its journey. The company has received congratulatory messages from across the cooperative and insurance sectors, celebrating 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 initiatives is the...
Idaho Congressman Fulcher introduces bill extending private, short-term health care coverage
Idaho Congressman Russ Fulcher has introduced a bill aimed at expanding access to private, short-term health care coverage. The proposed legislation, which has been sent to the House Energy and Commerce Committee for review, seeks to provide individuals and families with more options for temporary health insurance. Currently, short-term limited-duration insurance (STLDI) plans are available for up to 12 months, with the option to renew for up to 36 months. However, these plans are not...
PNB MetLife Achieves 99.57% Individual Claim Settlement Ratio in FY2025, Reinforcing Customer Trust
PNB MetLife India Insurance Company Limited, a leading life insurance company in India, has announced its claim settlement ratio for FY2025. The company has achieved an individual claim settlement ratio of 99.57 percent and a group claim settlement ratio of 99.72 percent. This reflects the company's focus on supporting policyholders and their families. In FY2025, PNB MetLife processed 5,615 retail claims amounting to INR 431.35 crore and 8,419 group claims totaling INR 510.77 crore. The...
Tata AIA Achieves Benchmark-Beating Returns Across Its ULIP Fund Suite
Tata AIA Life Insurance has solidified its position as a leading provider of market-linked life insurance solutions in India. The company's ULIP (Unit-Linked Insurance Plan) funds have delivered consistent and competitive returns across equity and hybrid categories over the last five years. As of November 30, 2025, the returns on some of the funds are: Multi Cap Fund (23.21%), Top 200 Fund (24.08%), and India Consumption Fund (23.85%). These funds have outperformed their respective benchmarks,...
Charity care can be a viable solution for individuals struggling to pay their hospital bills, offering a potential lifeline to those in need.
Hospitals in the United States are required by law to provide "charity care" to eligible patients, which can help alleviate the financial burden of medical bills. Charity care programs are designed to assist low-income individuals who are uninsured or underinsured, and are struggling to pay their hospital bills. These programs can significantly reduce or even eliminate medical debt, making healthcare more accessible and affordable for those in need. To be eligible for charity care, patients...
Tata AIA Sampoorna Raksha provides a promise to help families secure their financial goals despite the increasing cost of living.
Tata AIA Life Insurance has introduced the Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance plan designed to provide financial security to families amidst rising living costs. The plan offers life coverage for up to 100 years, flexible premium options, and optional riders such as Terminal Illness with Term Booster, Accidental Death Benefit, and Accidental Total and Permanent Disability. Women policyholders are eligible for a 15% discount, promoting affordability and financial...
Edelweiss AMC believes that short duration debt funds provide the best value at present, following the Reserve Bank of India’s (RBI) decision to cut interest rates.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has cut interest rates by 25 basis points, bringing the repo rate down to 5.25 percent. This move is seen as a signal of early policy easing, ahead of other global central banks. The committee voted unanimously for the rate cut, while maintaining a "neutral" stance, despite inflation softening and growth momentum remaining strong. The RBI has also lowered its average CPI inflation forecast for the current fiscal year to 2.0...
Safeguard Your Vehicle This Monsoon: Essential Motor Insurance Add-Ons from Royal Sundaram
In India, the monsoon season brings numerous challenges for car owners, including heavy rainfall, unpredictable weather, and sudden flooding. According to a recent survey, 68% of respondents reported significant vehicle wear and tear, as well as related costs, due to these seasonal issues. To mitigate these risks, having the right insurance coverage is crucial. Royal Sundaram offers a range of add-ons that provide extra protection for vehicles during the monsoons. One such add-on is the...
Non-life insurers record 2% premium growth in September, Bajaj Allianz General Insurance leads the way
The non-life insurance sector in India has reported a modest 1.94% year-on-year growth in gross direct premium to Rs 23,430 crore in September. This growth was driven primarily by an increase in standalone health insurance premiums. The largest general insurer, New India Assurance, saw a 3.5% rise in premiums, while ICICI Lombard General Insurance reported a 6.2% increase. Other state-owned insurers, such as United India Insurance and Oriental Insurance, also reported significant growth, with...
Congress is struggling to make progress on healthcare as the deadline for Obamacare approaches.
The US Congress is facing a looming deadline to extend enhanced Obamacare subsidies, which are set to expire on December 31. If these subsidies are not extended, tens of millions of Americans will face skyrocketing health care premiums next year. Despite the urgency of the situation, lawmakers in both parties are struggling to reach a consensus on how to proceed. GOP leaders, including House Speaker Mike Johnson, are under pressure to come up with a plan, but many of their own members are...
Introducing Aviva Fusion – Coverager
Introducing Aviva Fusion, a cutting-edge insurance solution designed to provide comprehensive coverage for businesses. Aviva Fusion is an innovative product that combines the benefits of various insurance policies into one seamless package. With Aviva Fusion, businesses can enjoy the convenience of having all their insurance needs met under one roof. This integrated approach allows businesses to simplify their insurance management, reducing administrative burdens and minimizing the risk of...
Pause – Sapna Desai, CMO, ManipalCigna Health Insurance
The individual finds their job in marketing to be highly engaging and fulfilling. They cite the constant momentum as a key factor in keeping them energized, as there is always something new to learn, understand, or improve upon. The field of marketing is ever-evolving, with new insights to uncover, behaviors to analyze, and stories to tell. This perpetual motion ensures that the job remains exciting and challenging. Another aspect that the individual values is the opportunity to be close to...
Aviva is set to eliminate over 60 positions following the closure of By Miles.
Aviva, a leading insurance company, has announced that it will be closing down Direct Line Group's (DLG) By Miles, a pay-as-you-drive motor insurance provider. This decision follows a strategic review of Aviva's businesses after it acquired DLG earlier this year. As a result of the closure, Aviva expects to cut 62 roles, with the reduction being phased throughout 2026. The company has stated that it will work to support those affected by the job losses, including exploring other opportunities...
Tata AIA Life has launched a life insurance plan that also offers savings benefits.
Tata AIA Life Insurance has introduced a new life insurance cum savings plan called the Tata AIA Shubh Flexi Income Plan. This non-linked, participating plan offers policyholders three options to choose from, catering to different financial needs and goals. The options include: Endowment Option: Provides a lump sum payout at the end of the plan, allowing policyholders to receive a single payment. Early Income Option: Offers yearly cash bonuses from the first year of the plan, providing a...
The Supreme Court has upheld the ‘pay and recover’ method in motor accident claims, allowing claimants to receive compensation first and then permitting insurance companies to pursue recovery from the liable party.
The Supreme Court of India has made a significant ruling in the case of K. Nagendra v. New India Assurance Co. Ltd., reaffirming the principle of victim-centric justice in motor accident compensation. The court held that an insurer cannot deny compensation to accident victims merely because the vehicle was operating beyond its route permit. This decision emphasizes that technical policy violations cannot override the social justice embedded in the Motor Vehicles Act, 1988. The case involved a...
Frustrated GOP barrels toward key health insurance vote without a clear plan
The Republican Party is moving forward with a crucial vote on healthcare without a clear plan, causing frustration among lawmakers. The vote, which is expected to take place soon, aims to repeal and replace the Affordable Care Act (ACA), also known as Obamacare. However, the party is still struggling to come up with a unified plan, leading to uncertainty and concern among its members. The lack of a clear plan has led to disagreements among Republicans, with some pushing for a more...
Edelweiss Life reports highest-ever claim settlement ratio of 99.29% in FY25
Edelweiss Life Insurance has announced its highest-ever Claim Settlement Ratio of 99.29% in the fiscal year 2025. This ratio measures the percentage of death claims paid out compared to the total claims received, indicating the insurer's reliability and commitment to policyholders. According to Sumit Rai, MD & CEO of Edelweiss Life Insurance, the company's continuous refinement of processes, simplification of claim procedures, and provision of compassionate guidance have enabled it to maintain...
Finance Ministry reviews revival of mega PSU insurance merger, also considers privatisation and FDI hike.
The Indian Finance Ministry is reconsidering a proposal to merge three public sector general insurance companies: Oriental Insurance, National Insurance, and United India Insurance. The goal of the merger is to improve operational efficiency and scale. This plan was initially announced in the 2018-19 Budget by then Finance Minister Arun Jaitley but was put on hold in July 2020 in favor of a capital infusion of ₹12,450 crore. Between 2019-20 and 2021-22, the government invested ₹17,450 crore...
Millions of Americans are facing increasing health insurance costs, raising the question: can ‘Trumpcare’ provide a solution?
The cost of health insurance in the US is expected to increase significantly for millions of Americans, posing a major challenge for President Donald Trump. The enhanced tax credits introduced in 2021 under President Joe Biden, which reduced the cost of Affordable Care Act (ACA) premiums for roughly 24 million people, are set to expire on December 31. If the credits are not extended, the average premium is expected to more than double, with a family of four with a household income of $75,000...
Tata AIA Life Insurance Unveils Innovative Term Plan, Reports Strong Financial Growth
Tata AIA Life Insurance has introduced a new term plan, showcasing the company's commitment to innovation and customer-centricity. This move is part of the company's strategy to expand its product offerings and cater to the evolving needs of its customers. The new term plan is designed to provide comprehensive protection to policyholders, offering a range of benefits and features that set it apart from existing products in the market. The company has reported strong financial growth, driven by...
The Carlyle Group is in talks to acquire a significant stake in Nido Home Finance, as per reports from ETRealty.
Carlyle Group Inc. is in discussions to acquire a majority stake in Nido Home Finance Ltd., a Mumbai-based Indian home mortgage firm owned by Edelweiss Financial Services Ltd. The potential deal, valued at an initial funding of $300 million, would mark Carlyle's latest investment in India's financial services sector. Negotiations are ongoing, and a deal has not been finalized. If successful, Carlyle would join other prominent investors, such as Blackstone Inc. and Sumitomo Mitsui Financial...
For Democrats, a new approach to making healthcare affordable involves implementing policies that increase accessibility and reduce costs for individuals and families. This can include expanding Medicaid, strengthening the Affordable Care Act, and exploring alternative models such as Medicare for All or a public option. By doing so, Democrats aim to ensure that every American has access to quality, affordable healthcare, regardless of their income or social status.
The US is facing a healthcare affordability crisis, with 2026 expected to bring the steepest increases in medical costs in 15 years, at 6.7%. This burden will be passed on to employees in the form of higher premiums, co-pays, and deductibles. The current system is unsustainable, with 70% of working-age Americans relying on employer-provided health insurance, which is vulnerable to price gouging by providers and insurers. To address this issue, a three-part plan is proposed: 1. A reasonable cap...
The main reason we can’t buy health insurance across state lines is due to the McCarran-Ferguson Act of 1945, which gives states the authority to regulate health insurance. This law allows each state to set its own rules and standards for health insurance, resulting in varying levels of coverage, pricing, and provider networks.Additionally, the Employee Retirement Income Security Act (ERISA) of 1974 also plays a role, as it regulates self-insured health plans offered by large employers, but does not apply to individual health insurance policies.The Health Insurance Portability and Accountability Act (HIPAA) of 1996 also added complexity by allowing states to impose their own requirements on health insurance, further limiting the ability to buy insurance across state lines.In general, buying health insurance across state lines is restricted because each state has its own unique set of regulations, and insurers must comply with these regulations in order to operate within a given state. This makes it difficult for insurers to offer policies that can be sold across multiple states.
The Affordable Care Act's federal subsidies are set to expire, and President Donald Trump and Republican lawmakers are under pressure to propose a solution to address skyrocketing healthcare costs. One proposed solution is to allow Americans to buy health insurance across state lines. Currently, Americans can only purchase insurance policies from their home state due to the McCarran-Ferguson Act of 1945, which exempted the insurance industry from federal regulation and left primary authority...
Sreesanth’s 2012 Injury Case Reaches Supreme Court
The Rajasthan Royals cricket team is embroiled in a decade-long legal battle with United India Insurance Company over an insurance claim worth Rs 82 lakh related to S Sreesanth's injury in 2012. The dispute has reached the Supreme Court, with the team arguing that Sreesanth's absence from the season was due to a fresh knee injury, while the insurance company claims that a pre-existing toe injury was the reason. The insurance company had denied the claim, stating that Sreesanth had failed to...