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...
Generali Central Insurance aims to double its premium income to Rs 10,000 crore by 2030.
The Indian insurance industry is witnessing significant growth, with several overseas insurers holding substantial stakes in local companies. For instance, Ageas holds 74% in Ageas Federal Life Insurance, while Aviva and Nippon Life have joint ventures with Dabur and Reliance Life, respectively. Zurich also owns 70% of Kotak General Insurance. The Insurance Amendment Bill, which seeks to allow 100% FDI in insurance, is likely to be passed in the ongoing Winter session of Parliament. Future...
Protect More, Live Freely – Tata AIA Maha Raksha Supreme Select Offers Flexible Life Cover – Business Standard
Tata AIA Life Insurance has launched a new life insurance plan called Maha Raksha Supreme Select, which offers flexible life cover options to policyholders. The plan is designed to provide comprehensive protection to individuals and their families, allowing them to live life freely without worrying about financial uncertainties. Maha Raksha Supreme Select is a non-linked, non-participating individual life insurance plan that offers a range of benefits, including death benefit, maturity...
Earnings upturn supports markets despite persistent macroeconomic fears, according to Edelweiss AMC.
India's equity market is experiencing a mix of positive earnings trends and macro concerns, according to Trideep Bhattacharya, CIO of Equities at Edelweiss AMC. The latest quarterly results have finally delivered earnings upgrades after a year and a half of subdued revisions, contributing to the market's recent buoyancy. This improvement is supported by government initiatives and a favorable macro backdrop. However, the optimism is tempered by uncertainty surrounding the India-US deal, with...
Tens of thousands of people in the Netherlands are being denied medical care due to a lack of health insurance, according to reports.
Tens of thousands of people in the Netherlands are being denied medical care due to a lack of health insurance. According to a report, many individuals are struggling to access necessary healthcare services because they are unable to afford the required insurance premiums. This has resulted in a significant number of people being turned away from medical facilities, including hospitals and clinics. The issue is particularly affecting low-income families, individuals with pre-existing...
Earnings upturn supports markets despite persistent macroeconomic fears: Edelweiss AMC
India's equity market is experiencing a mix of positive and negative trends, according to Trideep Bhattacharya, CIO of Equities at Edelweiss AMC. On the positive side, the latest quarterly results have shown much-needed earnings upgrades, supported by government initiatives and a favorable macro backdrop. This has contributed to the market's recent growth. However, this optimism is tempered by uncertainty surrounding the India-US deal, with delays creating nervousness among investors. The...
Insurance giant Aviva is doubling every donation to The Welcome Centre food bank until Christmas Eve.
Aviva, a leading insurance company, has announced a generous initiative to support The Welcome Centre food bank in Huddersfield. Until Christmas Eve, Aviva will double every donation made to the food bank, aiming to make a significant impact on the local community. This partnership demonstrates Aviva's commitment to giving back and helping those in need, particularly during the holiday season. The Welcome Centre is a vital organization that provides essential support to individuals and...
Tata AIA Life Insurance has launched a Gen AI-powered underwriting rule engine.
Tata AIA Life Insurance Company has introduced an innovative Underwriting Rule Engine (URE) that leverages machine learning, artificial intelligence, and big data analytics to streamline the underwriting process. This technology enables instant analysis of a consumer's data, including medical history and lifestyle information, to assess risk and generate a real-time risk assessment. The URE automates the traditionally slow and paper-heavy underwriting process, eliminating manual intervention...
Tata AIA’s Digital Leap: Redefining the Life Insurance Experience with Future-Ready Protection – Business Standard
Tata AIA Life Insurance has taken a significant digital leap to redefine the life insurance experience in India. The company has introduced a range of innovative digital solutions to provide future-ready protection to its customers. With the aim of making life insurance more accessible, convenient, and personalized, Tata AIA has leveraged technology to transform the entire customer journey. The company's digital transformation is driven by its customer-centric approach, which focuses on...
AHPI issues notice to Star Health Insurance, warns of suspension of cashless services from September 22, 2025 – Express Healthcare
The Association of Healthcare Providers India (AHPI) has issued a notice to Star Health Insurance, warning of a potential suspension of cashless services starting from September 22, 2025. This move is likely a result of unresolved issues between the two parties, although the specific reasons behind the notice are not explicitly stated. As a representative body of healthcare providers, AHPI plays a crucial role in facilitating cashless services for patients with insurance coverage. Cashless...
Aviva study exposes significant lack of understanding about UK pensions
A recent survey conducted by Aviva has revealed a significant gap between perceived and actual knowledge about pensions in the UK. Despite 53% of Brits claiming to be knowledgeable about pensions, only a third can correctly identify a Defined Benefit (DB) or Defined Contribution (DC) scheme. Furthermore, 20% of respondents don't know what type of pension they have, and 57% are unaware that the government contributes to pensions in the form of tax relief. The survey of over 2,000 UK adults...
In 2024, half of all health insurance claims for hospital care surpassed $6,553.
A recent report by Private Healthcare Australia (PHA) has revealed that Australian health insurers paid out a record A$9.4 billion in "high claims" for hospital treatment exceeding A$10,000 in 2024. This represents a 10% increase from the previous year, with 453,259 high claims made in 2024. These high claims accounted for over 50% of all hospital benefits paid by health insurers in 2024. The report highlights a significant increase in mental health hospital high claims for members aged 65 and...
Scary Financial Habits to Avoid This World Savings Day
As the world celebrates World Savings Day, Aviva is encouraging consumers to overcome their financial fears and develop better savings habits. The company has identified six "spooky money habits" that can challenge people's financial futures, including forgotten pensions, unexpected expenses, impulse buys, lack of budgeting, procrastination, and saving with no interest. Firstly, many people have forgotten about their old pensions, with 3.3 million lost pension pots in the UK worth £31.1...
Insurance company ordered to compensate policyholder after claim denial.
The District Consumer Disputes Redressal Commission-II in Chandigarh has ruled in favor of a policyholder, Tejinder Singh, who was denied a cashless medical claim for his wife's dengue treatment by Care Health Insurance Ltd. The commission ordered the insurer to reimburse Rs 60,000 along with 9% interest and awarded an additional Rs 10,000 as compensation for harassment and litigation expenses. Singh had purchased a group health insurance policy covering himself, his wife, and their son, and...
Rajasthan Royals dragged into the Supreme Court over shocking Sreesanth claim
The case of former Indian cricketer S Sreesanth's injury and the subsequent insurance claim by his team, Rajasthan Royals, has resurfaced in the Supreme Court. The incident dates back to 2012 when Sreesanth suffered a knee injury during a practice match, which led to him being ruled out of the IPL season. The Royals had insured their players under a policy worth over Rs 8.7 crore and filed a claim of around Rs 82 lakh, citing that the injury made Sreesanth unfit to participate. However, the...
Aviva Ventures has invested in Indico Data, with the goal of driving artificial intelligence (AI) adoption within the insurance industry.
Aviva Ventures, the corporate venture arm of UK-based insurance giant Aviva, has invested in Indico Data, a Boston and London-based company that specializes in AI-powered automation for the insurance industry. The investment aims to support Indico's expansion in the London Market and strengthen its credibility with property and casualty players worldwide. As part of the deal, Aviva's Chief Innovation Officer, Arslan Hannani, will take a board observer seat at Indico, providing the company with...
Healthcare providers’ body demands immediate restoration of cashless services by Star Health Insurance
The Association of Healthcare Providers (AHPI) has suspended cashless services in several hospitals across India, including prominent chains like Care Hospitals, Manipal Hospital, and Max Hospitals, among others. This move is in response to a dispute with Star Health Insurance, one of the leading health insurance companies in the country. AHPI claims that Star Health has been taking "arbitrary" actions, such as de-empanelling hospitals and withdrawing cashless services, which has prompted the...
The Supreme Court has ruled that insurance companies are not liable to pay compensation to the family of a driver who dies due to their own negligence.
The Supreme Court of India has ruled that insurance companies are not liable to pay compensation to the family of a driver who dies in an accident caused by their own 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, 2014, while driving at high speed and violating traffic rules. His family, who claimed he was earning Rs 3 lakh per month as a contractor, sought Rs 80 lakh in compensation from United India Insurance Company....
Fraud on the rise but fraudsters facing the consequences
Aviva, a leading insurance company, has announced that its counter-fraud team has detected over 6,000 fraudulent insurance claims in the first half of 2025, worth more than £60 million. This translates to over £334,000 in prevented fraud every day. The company's commitment to protecting its customers from the harmful effects of fraud has led to a significant increase in detected fraud, with prison sentences for those caught exceeding 32 years, a 9-year increase from 2024. The types of claims...
Rising Health Insurance Complaints in India: Key Data Insights
Complaints against health insurers in India are on the rise, indicating growing consumer awareness and the importance of effective grievance redressal mechanisms. According to Insurance Samadhan, a grievance platform, there was a 45% increase in complaints in Q2 2025 compared to the previous quarter, with 974 cases involving claims worth over ₹119 crore. The majority of these grievances (67.5%) related to health insurance, followed by life insurance (25.5%) and general insurance (6.9%)....
The Non-Resident Keralites Affairs (NORKA) and the Kerala Pravasi Board are seeking an extension of the deadline for the Norka Care health insurance scheme.
The Non-Resident Keralites Affairs (NORKA) and the Kerala Pravasi Board have requested an extension of the deadline for renewing the Norka Care health insurance scheme. The current deadline for renewal is March 31, 2023. The scheme provides health insurance coverage to Non-Resident Keralites (NRKs) and their families. The Norka Care health insurance scheme was launched in 2017 to provide affordable health insurance to NRKs. The scheme offers coverage up to Rs 15 lakh for a premium of Rs 450...
Non-life insurers record 5% premium growth in June, data reveals
The Indian general insurance industry has witnessed a mixed performance in terms of premium growth, with some insurers reporting significant increases while others saw declines. New India Assurance, the largest general insurer, led the pack with a 10.6% year-over-year (YoY) increase in premiums to Rs 3,328 crore. This growth is notable, given the current market conditions. Other state-owned insurers also reported strong growth, with United India Insurance seeing an 11.4% YoY rise in premiums,...
From Crisis Cover To Daily Care: How Health Insurance Became A Real Life Partner
The insurance industry has undergone a significant transformation, shifting from a reactive model to a proactive one. According to Sanjiv Bajaj, joint chairman and managing director of Bajaj Capital, insurance is no longer something that individuals hope to never use. Instead, it has become a tool that people engage with regularly, not just for illness, but also for wellness. This shift in approach is a result of the changing needs and expectations of consumers. With the increasing focus on...
Consumer commission orders insurance company to pay Rs 15 lakh for accidental death claim.
The District Consumer Commission in Dehradun has ruled in favor of Praveena Sati, a resident of Dehradun, in a case against New India Insurance Co Ltd (NIICL). The case involved the accidental death of Praveena's husband, Sudarshan Sati, who died in a car accident on February 10, 2021, when his car plunged into the Asan Barrage near Vikas Nagar. Sudarshan had insured his car with NIICL, but the company rejected the claim, citing that the driver, Priyanshul Rangad, was under the influence of...
UK Environment Secretary welcomes launch of Aviva-led Flood Action Coalition
The FloodAction Coalition, a new cross-sector partnership convened by The Conduit and chaired by Aviva, has been launched to mobilize up to £1 billion of investment in nature-based solutions to protect people, places, and infrastructure from flood and drought in the UK. Flooding is the UK's fastest-growing climate risk, with over 5.7 million properties and one-third of critical infrastructure at risk, resulting in £2.4 billion in direct damages and £6 billion in indirect losses each year. The...
Aviva’s digital transformation has resulted in reduced customer premiums.
A recent survey by GlobalData found that price or premiums and the speed of response to queries or quotes are key factors for insurance brokers when choosing which insurer to place business with. The 2025 UK Commercial Insurance Broker Survey revealed that 28.4% of respondents selected price or premiums as the most important factor, while 8.8% chose the speed of response to queries or quotes. This highlights the need for insurers to provide competitive pricing and enhance operational...
India Post Payments Bank has partnered with Aditya Birla Capital Limited to enhance accessibility to loan products across the country.
India Post Payments
Deadline extended to October 30 – Know how to enrol
The Kerala government's Norka Care scheme, a comprehensive health and accident insurance program for expatriate Keralites, has received an overwhelming response with over 25,000 expatriate families enrolling in the program. As a result, the enrollment deadline has been extended from October 22 to October 30. The scheme, implemented through Norka Roots, provides a Rs 5 lakh health insurance cover and Rs 10 lakh group personal accident insurance for each family, consisting of the expatriate,...
Edelweiss Mutual Fund’s Altiva Hybrid Long-Short SIF mobilises Rs 320 crore
Edelweiss Mutual Fund has successfully closed its first SIF (Segregated Investment Fund) under the Altiva SIF platform, raising approximately Rs 320 crore. The Altiva Hybrid Long-Short Fund, which was launched to provide a tax-efficient investment strategy, has received robust subscription from both individual and corporate investors. The fund aims to deliver consistent, income-oriented returns through a combination of equity arbitrage, high-quality fixed income, and selective opportunities in...
Manipal Cigna connects health insurance to Diwali prosperity in innovative AI-driven campaign
ManipalCigna Health Insurance has launched a new campaign, "Health Insurance Jiske Paas, Lakshmi Maa Karein Waha Niwaas", which serves as a reminder that health is the true foundation of wealth and prosperity. The campaign is launched during the festive season of Diwali, when families are focused on decorating their homes, buying gifts, and welcoming Goddess Lakshmi, the symbol of wealth and abundance. However, amidst the celebrations, purchasing health insurance often takes a backseat. The...
Health insurance mergers and acquisitions are gaining momentum as regional companies strive to gain a competitive edge, according to Modern Healthcare News.
The healthcare insurance industry has seen a surge in merger and acquisition (M&A) activity, particularly among regional companies. This trend is driven by the desire to gain a competitive edge in a rapidly evolving market. As the healthcare landscape continues to shift, insurers are seeking to expand their reach, improve their market position, and increase their negotiating power with providers. One of the primary drivers of this M&A activity is the need for scale. Smaller, regional insurers...
Medicare Advantage network oversight is rare, according to CMS records.
A review of CMS records has revealed that Medicare Advantage network oversight is rare. Medicare Advantage plans are required to maintain adequate networks of healthcare providers, but CMS rarely takes action against plans with insufficient networks. Between 2015 and 2022, CMS only citing 21 Medicare Advantage organizations for network inadequacies. This represents a small fraction of the over 800 Medicare Advantage organizations operating during that time. The citations were often related to...
Uttarakhand consumer panel directs insurance company to compensate accident victim
A consumer panel in Uttarakhand has ordered an insurance company to compensate a Dehradun man for damages to his commercial vehicle, which was involved in a crash in 2017. The insurer, United India Insurance Co Ltd (UIICL), had initially denied the claim, citing overloading as the reason. However, the state consumer commission found no evidence to support this allegation. The vehicle, owned by Surat Dass, was insured with UIICL in July 2016. On January 21, 2017, the vehicle met with an...
A Delhi court has ordered Rs 38-lakh compensation to be paid to the parents of a handball player who was killed in a road accident.
A Motor Accident Claims Tribunal in New Delhi has awarded a compensation of Rs 38.6 lakh to the parents of a 22-year-old national-level handball player, Amar Yadav, who tragically lost his life in a road accident in 2018. The accident occurred on December 4, 2018, when a tractor collided with Yadav's car, resulting in his death. The tribunal held the tractor driver responsible for the accident, citing rash and negligent driving as the cause. Presiding officer Arul Varma observed that Yadav had...
Avoid Common Monsoon Mistakes: Royal Sundaram’s Guide to Keeping Your Vehicle Safe and Insured
As the monsoon season approaches, it's essential to take necessary precautions to keep your vehicle safe and insured. Royal Sundaram's guide provides valuable tips to help you avoid common mistakes that can lead to damage or loss. Firstly, it's crucial to ensure that your vehicle is properly insured. Check your policy to see if it covers flood damage, and consider purchasing a comprehensive insurance plan that includes coverage for natural disasters. Additionally, make sure to renew your...
Government Considers Merging Oriental, National, and United India Insurance Companies
The Indian government is considering merging three public sector general insurance companies - Oriental Insurance, National Insurance, and United India Insurance - into a single entity in the upcoming budget for the financial year 2026-27. The proposal aims to improve the efficiency and health of general insurance companies in India. The Union finance ministry has expedited its capital infusion plan for the forthcoming budget, and a fresh preliminary assessment on further consolidation is...
Alpine Brewing Meets Malaysian Taste: Edelweiss Goes Lemon-Honey
Edelweiss, a premium wheat beer from the Austrian Alps, has introduced a new limited-edition variant in Peninsular Malaysia called Lemon Honey. This 320ml can combines the brewery's signature wheat beer smoothness with zesty lemon and subtle honey notes, creating a balanced taste that is perfect for casual evenings with good company. The introduction of this new flavor is part of Edelweiss' strategy to explore new flavors inspired by nature, as stated by Sean O'Donnell, Marketing Director at...
Worsening air quality may lead to increased health insurance premium costs as it can cause a range of health problems, from respiratory issues to cardiovascular diseases, resulting in higher medical claims and expenses for insurance providers, which may be passed on to policyholders in the form of higher premiums.
The air quality in many Indian cities, particularly in the north, has become a significant concern, with cities like Delhi, Mumbai, and Kolkata consistently recording severe air quality indexes (AQI) throughout the year. This has led to an increase in pollution-linked illnesses, such as respiratory and cardiovascular diseases, which in turn is affecting the health insurance industry. Insurers are now reviewing city-based pricing, taking into account the pollution levels, lifestyle diseases,...
40% of Koreans believe that all medical services covered by state health insurance constitute essential care.
According to a recent survey, 40% of Koreans believe that all medical services covered by the state health insurance are essential care. This perception highlights the high level of trust and reliance on the country's national health insurance system. The survey, which aimed to gauge public opinion on the healthcare system, revealed that a significant proportion of Koreans view the services covered by the state insurance as vital and necessary. The national health insurance system in Korea is...
India Reviews Merger of State General Insurers
The insurance industry has experienced growth across various segments. The core business lines, which include motor, crop, fire, and engineering insurance, have driven renewals, indicating a strong demand for these traditional insurance products. This growth is a result of increased awareness and understanding of the importance of insurance among individuals and businesses. In addition to the core business lines, specialized coverage and personal accident products have also seen a significant...
Protect Your Vehicle from Monsoon Mayhem: A Comprehensive Guide by Royal Sundaram
As the monsoon season approaches, it’s essential to take necessary precautions to ensure your vehicle remains safe and insured. Royal Sundaram’s expert guide helps you avoid common mistakes and provides valuable tips to keep your vehicle secure during the rainy season.
Pre-Monsoon Checks
- Inspect your vehicle: Check for any damage or wear and tear on your vehicle’s body, tires, and windshield.
- Check your insurance policy: Review your insurance policy to ensure it covers flood damage and other monsoon-related risks.
- Update your policy: Inform your insurer about any modifications or changes to your vehicle.
Driving Safely in the Rain
- Slow down: Reduce your speed to avoid skidding or losing control on wet roads.
- Use low gear: Drive in low gear to maintain control and avoid wheel spin.
- Avoid flooded areas: Steer clear of flooded roads and areas to prevent water damage.
Post-Monsoon Precautions
- Dry your vehicle: Dry your vehicle thoroughly, paying attention to electrical components and crevices where water may accumulate.
- Check for damage: Inspect your vehicle for any damage caused by the monsoon, such as dents, scratches, or water damage.
- File a claim: If you’ve suffered damage, file a claim with your insurer promptly.
Additional Tips
- Keep an emergency kit: Store a monsoon emergency kit in your vehicle, including a first-aid kit, flashlight, and spare tire.
- Stay informed: Stay updated on weather forecasts and road conditions to plan your route accordingly.
- Be prepared: Keep your vehicle’s documents, including insurance papers, in a safe and easily accessible place.
By following these guidelines, you can ensure your vehicle remains safe and insured during the monsoon season. Remember to stay vigilant and take necessary precautions to avoid common monsoon mistakes.
As the monsoon season sets in, driving conditions become increasingly unpredictable, posing unique risks to vehicles, including sudden flooding, waterlogged roads, and engine trouble. This year's southwest monsoon has been 8% above the long-term average, with approximately 35% of the country receiving excess rainfall, increasing the likelihood of accidents, vehicle damage, and road disruptions. To mitigate these risks, vehicle owners must take extra precautions to protect their vehicles and...
Aditya Birla Capital has achieved a milestone by becoming the first entity to integrate its financial services on the Open Network for Digital Commerce (ONDC) platform.
Aditya Birla Capital has become the first financial services company to integrate lending, insurance, and investments on the Open Network for Digital Commerce (ONDC). ONDC is a government initiative that aims to create an open and interoperable e-commerce network, promoting inclusivity and competition in digital commerce. By offering these services, Aditya Birla Capital provides easier access to financial products, contributing to the development of the financial services ecosystem on ONDC. As...
Indian Government plans to merge three government-owned insurance companies.
The Indian government is reviving its plan to merge three public sector insurance companies - Oriental Insurance Company, National Insurance Company, and United India Insurance Company - into a single entity. The move aims to improve scale, efficiency, and financial performance in the public sector general insurance space. The plan, which was first announced in the 2018-19 Budget, was put on hold in 2020 but is now back on the table due to the improved financial health of the companies. The...
Aviva is set to launch an AI tool designed to streamline life insurance applications, leveraging artificial intelligence to enhance the efficiency and accuracy of the application process.
On November 18, 2025, Aviva announced the upcoming launch of an artificial intelligence (AI) tool designed to accelerate the underwriting process for life insurance applications. This tool is being touted as an industry-first, indicating that Aviva is taking a pioneering step in leveraging AI technology to enhance the efficiency of its underwriting processes. The introduction of this AI tool is expected to significantly speed up the time it takes to process life insurance applications....
According to Politico, Donald Trump had planned to introduce a healthcare plan, but the rollout was impacted after Republicans provided their input.
According to a recent report by Politico, former President Donald Trump had plans to unveil a new healthcare plan, but it was met with skepticism and criticism from Republicans. The proposal, which was supposed to be a key part of Trump's 2024 presidential campaign, aimed to repeal and replace the Affordable Care Act (ACA), also known as Obamacare. However, before Trump could even announce the details of his plan, Republican lawmakers and health policy experts began to express their concerns...
The Finance Ministry is considering a plan to merge three state-owned insurance companies.
The Indian government is planning to consolidate its insurance sector by merging three state-owned general insurance companies. The proposed merger involves Oriental Insurance, National Insurance, and United India Insurance, with the goal of creating a single, more efficient entity. This move follows the government's previous efforts to consolidate the banking sector, which aimed to improve operational efficiency and achieve greater scale. According to sources, the Finance Ministry is...
Open enrollment for the 2026 Health Insurance Marketplace is currently underway.
The open enrollment period for the Individual Marketplace in Hawaii has begun, allowing residents to review and compare health insurance plans on HealthCare.gov. The enrollment period, which runs until January 15, 2026, provides consumers with the opportunity to shop for and compare 34 medical and stand-alone dental plans. These plans cover a range of essential health benefits, including outpatient care, hospitalization, emergency services, and prescription drugs. Insurance Commissioner Scott...
Michigan hospitals and their patients are experiencing challenges due to increasing premiums, which are affecting the healthcare system and access to medical care.
The US health insurance system is a complex patchwork of public and private insurers. In Michigan, over 200,000 residents may face difficulties in obtaining health insurance due to changes in the market. Two health insurance agencies, Health Alliance Plan and Molina Healthcare, have announced that they will no longer offer coverage through the Affordable Care Act (ACA) in the state. Additionally, Meridian Health Plan will significantly reduce its coverage for Michigan residents. These changes...
Aviva to replace AGPOL quote platform for group protection
Aviva, a leading insurance provider, has introduced a new digital platform called Aviva Fusion for its group protection business. This platform is designed to streamline the quoting process for schemes with 3 to 250 employees, making it more efficient and user-friendly for advisers. The new platform builds upon the recent enhancements made to the Aviva Group Protection Online (AGPOL) platform, which manages existing business policy journeys. According to Jason Ellis, Group Risk Distribution...
Navigating Barnard’s Primary Care Health Service – Columbia Daily Spectator
Barnard College's Primary Care Health Service is a vital resource for students, providing comprehensive medical care and support. The health service is staffed by a team of medical professionals, including physicians, nurse practitioners, and nurses, who are dedicated to addressing the unique health needs of Barnard students. One of the key features of the Primary Care Health Service is its accessibility. The health service is located on campus, making it easy for students to visit during...
An insurance company has been directed to pay ₹10 lakh to a policyholder after it unfairly rejected their claim.
The District Consumer Disputes Redressal Commission in Hisar has ruled in favor of a claimant, directing PNB MetLife India Insurance Company Limited to pay Rs 10 lakh with 9% annual interest. The claimant, Raj Kumar, had filed claims under two life insurance policies held by his brother, Bajrang Singh, who passed away on October 24, 2020, due to heart failure. While the insurance company paid out the claim for the first policy, they denied the claim for the second policy, citing alleged...
Finance Ministry renews proposal to merge state-owned general insurance companies
The Indian Finance Ministry is reconsidering a proposal to merge three state-owned general insurance companies - Oriental Insurance, National Insurance, and United India Insurance - into a single entity. The government had previously infused Rs 17,450 crore into these companies between 2019-20 and 2021-22 to improve their financial health. The idea of merging the companies was first announced in the 2018-19 Budget by then Finance Minister Arun Jaitley, but was dropped in 2020 in favor of a...
Finance Ministry renews proposal to merge state-owned general insurance companies
The Indian Finance Ministry is reconsidering a proposal to merge three state-owned general insurance companies - Oriental Insurance, National Insurance, and United India Insurance - into a single entity. The proposal was initially announced in the 2018-19 budget by then Finance Minister Arun Jaitley, but was later dropped in 2020 in favor of a capital infusion of Rs 12,450 crore to improve their financial health. However, with the companies' finances now improved, the ministry is reassessing...
The Indian government is considering merging some of its state-owned insurance companies.
The Indian Finance Ministry is considering a merger proposal for three state-owned general insurance companies: Oriental Insurance, National Insurance, and United India Insurance. This move comes after the companies showed signs of financial recovery, following a capital infusion of ₹17,450 crore by the government between 2019-20 and 2021-22. The merger aims to improve efficiency and scale in the sector. The proposal was first announced by former Finance Minister Arun Jaitley in the 2018-19...
Two entities of Edelweiss have paid Rs 61.4 lakh to settle a case with the Securities and Exchange Board of India (Sebi) regarding violations of Alternative Investment Fund (AIF) regulations.
The Securities and Exchange Board of India (Sebi) has settled a case with two entities of Edelweiss, a financial services company, over alleged violations of alternative investment fund (AIF) rules. The two entities, Edelweiss Stressed and Troubled Assets Revival Fund Trust and Edelweiss Alternative Asset Advisors Ltd, have collectively paid Rs 61.4 lakh as settlement charges. In addition to the settlement amount, Sebi has also imposed a restriction on the officers-in-default of the two...
Aditya Birla Sun Life Insurance introduces the Super Term Plan, offering a comprehensive protection package that includes life, health, and income protection features.
Aditya Birla Sun Life Insurance Company (ABSLI) has introduced a new term insurance policy called the Super Term Plan, which offers a comprehensive solution for customers seeking life cover, income protection, and health support. The plan provides three flexible coverage options: Level Cover, Increasing Cover, and Level Cover with Return of Premium. The Level Cover option pays a fixed sum assured on the policyholder's death, which can be received as a lump sum, monthly income, or a combination...