Netcore Cloud has opened a new office in Chennai to support the region’s growing customer base.
Netcore Cloud, a leading martech firm, has announced the opening of its new office in Chennai, marking its sixth office in India and second in South India. This expansion reinforces the company's commitment to the growing market and customer base in the region. The Chennai hub will focus on attracting top talent in areas such as Artificial Intelligence/Machine Learning (AI/ML), product engineering, and sales, and will play a key role in delivering innovative solutions to clients. Chennai's...
Aditya Birla Capital Wins 6 Metals at e4m NEONS OOH Awards 2025
Aditya Birla Capital, a leading financial services company, has won six metals at the e4m NEONS OOH Awards 2025 for its three standout campaigns: "Aap Boodhe Hoke Kya Banoge?", "Activ One – ABHI Karo", and "India, Ab Hadh Kar De". These campaigns were recognized for their impact and effectiveness in reaching their target audiences. The "Aap Boodhe Hoke Kya Banoge?" campaign aimed to raise awareness about the importance of retirement planning, while the "Activ One" campaign promoted a...
Will health insurance premiums increase in 2026 and what you need to know following the government reopening vote
The recent vote to reopen the government has raised concerns about the potential impact on health insurance premiums in 2026. The continuing resolution passed by Congress to fund the government through 2024 did not address the looming expiration of the enhanced Affordable Care Act (ACA) subsidies, which are set to end in 2025. This has left many wondering what the future holds for healthcare costs. The enhanced subsidies, introduced during the COVID-19 pandemic, have helped make health...
Chola MS General Insurance launches #SimpleHai campaign to simplify insurance through relatable everyday stories
Cholamandalam MS General Insurance (Chola MS), a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group, has launched a new digital campaign called #SimpleHai. The campaign aims to change the perception of insurance from being complex and cumbersome to simple and easy to understand. The idea is to show that insurance can be straightforward, transparent, and digitally powered, making it accessible to everyone. The campaign consists of a hero brand film and two motor...
HealthCare.Gov Insurance Enrollment Period Now Open!
It's time to secure health coverage for 2026, and the open enrollment period, which runs from November 1 to January 15, is the perfect opportunity for Texans to find affordable health insurance. Although Congress is not extending enhanced insurance subsidies, subsidies will still be available to make insurance affordable, albeit not as high as they were in the past. If you don't have a current insurance plan, consider enrolling in the marketplace through HealthCare.Gov. You can start your...
South India’s Gen Zs Redefine Financial Discipline – The Tata AIA Life Insurance Study
A recent study by Tata AIA Life Insurance and NielsenIQ has revealed that Gen Zs in South India are leading the way in financial planning, setting a new standard for India's next generation of financial planners. The study, titled "New Age Habits, Traditional Values: Gen Z's Approach to Financial Planning," surveyed working Gen Z individuals (21-29 years old) across eight major cities in India. The findings suggest that South Indian Gen Zs are digitally fluent, financially aware, and...
Aditya Birla Health Insurance has appointed Swati Kulkarni as its new Head of Health Management.
Aditya Birla Health Insurance Company Limited has appointed Swati Kulkarni as its new Head of Health Management. Kulkarni brings over 20 years of experience in entrepreneurship and corporate leadership to the role, having previously co-founded and served as CEO of Elda Health, a company specializing in women's health and wellness. Her background also includes significant leadership roles at several prominent companies, including Nua Woman, Inksedge, Komli Media, Intel Corporation, and...
As deal to end shutdown advances, Catholic groups urge action on health insurance costs
As a deal to end the government shutdown gains momentum, Catholic organizations are urging lawmakers to address the rising costs of health insurance, which they say is a critical issue affecting many Americans. The shutdown, which has left hundreds of thousands of federal workers without pay, has brought attention to the struggles of low- and moderate-income families who are struggling to make ends meet. Catholic groups, including the Catholic Health Association and the US Conference of...
Rajasthan Royals dragged to Supreme Court by insurance company over Sreesanth claim in IPL 2012.
The Indian Premier League (IPL) team Rajasthan Royals is embroiled in a long-standing dispute with the United India Insurance Company over an insurance claim filed due to an injury sustained by player S. Sreesanth in 2012. The Royals had taken out a "Special Contingency Insurance for Player Loss of Fees Cover" policy for the 2012 IPL season, which covered losses incurred due to a player's absence from the tournament. Sreesanth, one of the insured players, suffered a knee injury during a...
Tata AIA has ranked as the top insurer in India in the MDRT (Million Dollar Round Table) rankings for the third consecutive year.
Tata AIA Life Insurance Company Ltd. has achieved a significant milestone by securing the highest number of Million Dollar Round Table (MDRT) members in India for the third consecutive year. With 2,871 MDRT qualifiers, the company has demonstrated an 11% growth from the previous year, showcasing the rising calibre and dedication of its advisors. This achievement has also earned Tata AIA a global ranking of #4. The company's commitment to diversity and inclusion is evident in its all-time high...
NPR is seeking input from individuals who are purchasing health insurance plans under the Affordable Care Act, and wants to hear about their experiences.
The longest federal government shutdown in US history is on the verge of ending, but a crucial healthcare issue remains unresolved. Since 2021, individuals purchasing health insurance through the Affordable Care Act (ACA) marketplaces have received extra assistance in the form of tax credits. However, if Congress fails to reach a compromise, these subsidies will expire for 2026 health plans, affecting approximately 24 million people with ACA plans. As a result, many consumers will face...
Edelweiss-backed India Energy Transition Fund raises $60 million
The India Energy Transition Fund, backed by the Edelweiss Group, has secured $60 million in fresh capital from the European Investment Bank (EIB), a global development finance bank. This investment is part of the fund's efforts to scale its investments in climate action and environmental sustainability domains, including renewable energy, energy efficiency, transmission, battery storage, and electric vehicles. The fund, which is registered in GIFT City, has a target corpus of $300 million and...
Aviva Claims Data Reveals Cost of Winter Sports Injuries
As the winter sports season approaches, leading insurer Aviva is warning holidaymakers to be aware of the potential risks and high medical costs associated with winter sports injuries. According to Aviva's data, the most common winter sports injuries are broken legs, followed by broken arms and head injuries. However, pelvic injuries are the most expensive to treat, with an average cost of £8,354. The data also reveals that Andorra and the USA are the most expensive countries for winter sports...
Aviva has been ordered to pay £660,000 after allegations of fraud against the company collapsed.
The High Court has handed down a significant judgment against Aviva Insurance Limited, ordering the insurer to pay £660,000 in costs. This ruling comes after Aviva's unsuccessful attempt to deny coverage for water damage at the New Northumbria Hotel in Newcastle. The court's decision, delivered on November 7, 2025, marks a substantial defeat for Aviva, which had pursued allegations of fraud against the hotel's owners despite notable weaknesses in its case. The court's criticism of Aviva's...
Tata AIA announces ₹1,842 Cr Bonus
Tata AIA Life Insurance has announced a record bonus payout of ₹1,842 crore for its participating plans in the financial year ending March 31, 2025. This bonus will benefit over 8.15 lakh policyholders, marking a 26% increase from the previous year's payout of ₹1,465 crore. The company's participating plans, such as the Diamond Savings Plan, Smart Value Income Plan, and Shubh Flexi Income Plan, will receive bonuses that are not guaranteed but are typically declared annually based on the...
Edelweiss Mutual Fund introduces India’s first hybrid long-short Structured Investment Fund (SIF)
Edelweiss Mutual Fund has introduced the Altiva Hybrid Long-Short Fund, a new investment strategy under its Specialised Investment Fund (SIF) platform. The fund's New Fund Offer (NFO) is open for subscription from October 1 to October 15. This interval investment strategy combines multiple approaches to generate consistent, income-oriented returns with low volatility. The fund's core allocation focuses on equity arbitrage and high-quality fixed income, while also exploring selective...
The government shutdown is centered around healthcare, raising a fundamental question: does insurance actually save lives?
The current government shutdown in the US is largely due to disagreements over healthcare, specifically the Affordable Care Act (ACA), also known as Obamacare. However, a crucial question arises: does health insurance actually save lives? Research suggests that having health insurance can have a significant impact on health outcomes, including mortality rates. Studies have shown that uninsured individuals are more likely to experience poor health outcomes, including higher mortality rates,...
A travel insurance policy for just 45 paise: Understanding IRCTC’s travel insurance policy and its significance
As train travel remains a vital part of Indian mobility, the Indian Railway Catering and Tourism Corporation (IRCTC) offers an optional travel insurance feature that is often overlooked. For just 45 paise, which is less than a rupee, passengers can enjoy a comprehensive travel insurance coverage that includes accidental death, permanent total disability, permanent partial disability, hospitalization due to injury, and transportation of mortal remains. The coverage kicks in as soon as a...
The Trump administration and Republican-led efforts have sought to repeal and replace the Affordable Care Act (ACA), also known as Obamacare, with alternative health insurance plans.Some key proposals and actions include: 1. Repeal and Replace: Republicans have introduced several bills to repeal and replace the ACA, such as the American Health Care Act (AHCA) and the Better Care Reconciliation Act (BCRA). 2. Short-Term Limited-Duration Insurance (STLDI): The Trump administration has expanded STLDI plans, which provide temporary coverage for up to 12 months, as an alternative to ACA plans. 3. Association Health Plans (AHPs): The administration has also expanded AHPs, which allow small businesses and self-employed individuals to band together to purchase health insurance. 4. Medicaid Work Requirements: Some Republican-led states have implemented work requirements for Medicaid recipients, which can lead to loss of coverage for those who do not comply. 5. Pre-Existing Conditions: The Trump administration has taken steps to undermine protections for individuals with pre-existing conditions, such as supporting lawsuits that challenge the ACA’s provisions.
US President Donald Trump has proposed a compromise on health insurance payments to end the ongoing government shutdown. In a Truth Social post, Trump suggested that federal payments currently being sent to insurance companies under the Affordable Care Act (ACA) should be sent directly to Americans. This would allow individuals to purchase their own healthcare, potentially with better coverage and leftover funds. The proposal comes after Senate Republicans rejected a deal offered by Democratic...
IFFCO-Tokio General Insurance launches surety bond insurance
IFFCO-Tokio General Insurance has introduced a new insurance product called Surety Bond Insurance, which aims to provide a risk mitigation solution for the infrastructure sector. This launch comes after the Insurance Regulatory and Development Authority of India (IRDAI) permitted general insurers to issue surety insurance bonds in April 2022. The Surety Bond Insurance is a legally enforceable tripartite contract that provides a hedge against the risks involved in infrastructure projects. In...
Trump has indicated that he is unwilling to compromise on a shutdown related to the Affordable Care Act, referring to it as the worst healthcare anywhere in the world.
The US government shutdown has entered its 39th day, with no clear end in sight. President Donald Trump has made it clear that he is unlikely to compromise with Democrats, who are demanding an extension of Affordable Care Act tax credits. Trump has suggested that Congress send money directly to people to buy insurance, but this proposal is not being considered as a solution to end the shutdown. Senate Majority Leader John Thune has signaled an openness to a proposal from moderate Democrats to...
Edelweiss AMC has transformed its investment management with the implementation of Snowflake’s AI Data Cloud, as reported by ETCIO.
Edelweiss Asset Management Company Ltd. (Edelweiss AMC), a leading Indian mutual fund company, has upgraded its data infrastructure with Snowflake's AI Data Cloud. This modernization has enhanced operational agility, investor experience, and risk management. Edelweiss AMC previously struggled with legacy databases, fragmented data silos, and reporting delays. However, with Snowflake's unified, cloud-native environment, the company can now manage larger data volumes and complex workloads...
Tata AIA Life Insurance has taken a significant digital leap, revolutionizing the life insurance experience with future-ready protection solutions.
Tata AIA Life Insurance has embarked on a digital transformation journey to provide future-ready protection to its customers. The company has introduced a range of digital initiatives to redefine the life insurance experience, making it more accessible, convenient, and personalized. With the aim of becoming a leader in the digital insurance space, Tata AIA has leveraged technology to simplify the insurance-buying process, enhance customer engagement, and provide seamless claims settlement. One...
Talks to end the US shutdown appear promising, according to the Senate majority leader.
US Senate Majority Leader Chuck Schumer has expressed optimism about the ongoing talks to end the partial government shutdown in the United States. According to Schumer, the negotiations between Democratic and Republican lawmakers are showing promise, and a resolution to the impasse may be within reach. The government shutdown, which began several weeks ago, has left hundreds of thousands of federal employees without pay and disrupted various government services. The shutdown was triggered by...
PNB MetLife has collaborated with Policybazaar to launch a new ULIP-based pension consumption fund.
PNB MetLife India Insurance Company Limited has partnered with Policybazaar to introduce a new initiative focused on retirement planning for Indian customers. The collaboration has resulted in the launch of the Pension Consumption Fund under PNB MetLife's Unit-Linked Insurance Plans (ULIPs). This fund aims to provide a solution for individuals seeking financial independence in their later years by generating long-term capital growth through investments in companies that benefit from India's...
Aviva Ventures has made an investment in Indico Data, a company specializing in insurance automation.
Aviva Ventures, the venture capital arm of British insurer Aviva, has made a strategic investment in Indico Data, a company that specializes in AI-driven automation for insurance operations. This investment is expected to support the adoption of Indico Data's solutions by property and casualty (P&C) insurers worldwide. As part of the deal, Aviva's chief innovation officer, Arslan Hannani, will join Indico's Board of Directors as a board observer and advisor. Indico Data's Agentic AI platform...
At 80, IFFCO MD Awasthi retires after serving company for over 49 years
U.S. Awasthi, the longest-serving CEO of a fertilizer company, has retired as the Managing Director of Indian Farmers Fertiliser Cooperative Limited (Iffco) after a three-decade stint. Awasthi, who turned 80, has been succeeded by K.J. Patel, who has taken charge as the new MD. Awasthi joined Iffco in 1976 as a chemical engineer and rose through the ranks to become the MD in 1993. During his tenure, he played a crucial role in shaping the company's trajectory and elevating it to global...
A consumer panel has ordered an insurance company to pay Rs 93 lakh in a case related to a suicide claim.
The Chennai North District Consumer Disputes Redressal Commission has directed Tata AIA Insurance Company to pay a widow, Saranya, a sum of Rs 92.84 lakh with interest, after her husband, K Gunasekar, died by suicide in 2024. Gunasekar had purchased a 40-year life insurance policy from Tata AIA in 2020, naming Saranya as the nominee, with a coverage of Rs 1.10 crore. Although he paid premiums until 2023, the company refused to pay the full death benefit, citing policy clauses, and instead...
Senate Republicans reject Democrats’ health care offer, government shutdown continues
President Trump met with Hungarian Prime Minister Viktor Orbán at the White House on November 7, 2025, and reiterated his call for Senate Republicans to abolish the filibuster to end the ongoing government shutdown. The filibuster is a Senate rule that requires a 60-vote threshold to advance most legislation. Trump argued that eliminating the filibuster would allow Republicans to pass legislation and "open up the country" quickly. Trump expressed frustration with Senate GOP leaders who have...
PNB MetLife’s 360 BIZ Delivers Insurance Innovation
PNB MetLife India Insurance Company Limited has launched a new digital platform called 360 BIZ, designed to simplify group insurance and employee benefits administration for companies. The platform aims to elevate the employee experience by providing a seamless and digital experience for both employees and employers. 360 BIZ brings together a wide range of benefits, including Group Term Life, Voluntary Group Life, and Critical Illness cover for employees. The platform offers several key...
Shiv Sena leaders vandalise IFFCO Tokio Insurance Company’s office in Pune
Shiv Sena party workers and leaders vandalized the office of insurance company IFFCO Tokio in Pune on Wednesday, protesting the delay in disbursement of insurance amounts to farmers affected by unseasonal rains. The farmers in several parts of Maharashtra have suffered significant losses due to the heavy rains that have damaged their Kharif crops, including soybean, jowar, maize, and cotton. The protesters, numbering around 35, stormed into the IFFCO Tokio office, located in Koregaon Park, and...
Ghost broking scams are on the rise, prompting Aviva to demand a crackdown to safeguard young drivers.
A recent survey conducted by Aviva, a leading insurance provider, has shed light on the growing concern of ghost brokers targeting young drivers on social media. The survey, which polled 2,000 young drivers, revealed that nearly one in three had purchased car insurance through social media platforms. This is a worrying trend, as ghost brokers are known to be highly active on these platforms, preying on unsuspecting victims. The survey's findings are alarming, with 84% of those who were scammed...
The Consumer Disputes Redressal Forum has directed an insurance company to pay compensation to a policyholder for wrongfully denying an accident claim.
The Ernakulam district consumer disputes redressal commission in Kochi has ordered Aditya Birla Health Insurance Company to compensate a policyholder, Joy Paulose, for wrongfully denying a legitimate claim for accident treatment expenses. The insurance company had cited 'non-disclosure of pre-existing conditions' as the reason for denying the claim. However, the commission found this reasoning to be unlawful and against the principles of the insurance contract and Consumer Protection Act....
Tata AIA Life Insurance has taken a significant digital leap, redefining the life insurance experience with future-ready protection solutions. This move is part of the company’s efforts to enhance customer engagement and provide seamless services. With the integration of technology, Tata AIA aims to make life insurance more accessible and convenient for its customers. The digital transformation is expected to revolutionize the way life insurance is perceived and consumed in India, providing customers with a more personalized and intuitive experience. By leveraging digital platforms, Tata AIA is poised to stay ahead of the curve and address the evolving needs of its customers.
Tata AIA Life Insurance has taken a significant digital leap to redefine the life insurance experience in India. The company has introduced a range of innovative digital solutions to provide future-ready protection to its customers. With the aim of making life insurance more accessible and convenient, Tata AIA has leveraged technology to create a seamless and user-friendly experience for its policyholders. One of the key digital initiatives introduced by Tata AIA is the launch of its mobile...
A widow is having difficulty accessing her late husband’s pension due to the lack of an official cause of death.
A widow has been left unable to access her late husband's pension due to a dispute over the cause of his death. The case highlights the challenges that bereaved families can face when trying to navigate complex pension rules and regulations. The widow, who wishes to remain anonymous, had been married to her husband for over 30 years when he passed away suddenly. He had a pension with a major provider, which she believed would provide her with a degree of financial security in the event of his...
ABL to oversee ONGC rig moves in Indian waters
Energy and marine consultancy ABL has secured a contract with India's Oil and Natural Gas Corporation Limited (ONGC) to oversee the company's rig moves between September 2025 and May 2026. The contract, awarded through United India Insurance (UIIC), positions ABL as the marine warranty surveyor for an anticipated 25 ONGC rig moves. Additionally, ABL will serve as tow master and marine warranty surveyor for approximately 70 moves on third-party jackup units within ONGC's fields off the west...
Conversions are increasing, as is customer trust.
In an interview with ETCIO, Soumya Ghosh, CTO of Tata AIA Life Insurance, discussed the company's digital transformation journey and how it is leveraging technology to drive innovation and customer-centricity. Ghosh emphasized that innovation is a company-wide effort and not just a matter of relying on inspiration or luck. He highlighted the challenges of managing legacy systems while enabling innovation, but noted that Tata AIA Life Insurance has made significant progress in this area. The...
PNB MetLife has launched ‘360 BIZ’, a digital platform.
Two significant developments have been announced in the fields of insurance and technology. Firstly, PNB MetLife has launched a new digital platform called '360 BIZ' aimed at simplifying group insurance and employee benefits administration for companies. This platform seeks to provide a seamless and transparent experience for both employers and employees through an integrated digital interface. The introduction of '360 BIZ' is expected to enhance the overall employee experience by making it...
Tata AIA Tops India in MDRT Rankings for Third Consecutive Year – ThePrint – ANI Press Releases
Tata AIA Life Insurance Company has achieved a remarkable milestone by ranking 4th globally in the Million Dollar Round Table (MDRT) rankings. MDRT is considered the gold standard in financial advice, and being a member is a testament to an advisor's expertise, ethical conduct, and commitment to delivering excellent service. Tata AIA's MDRT-qualified advisors have demonstrated the highest level of professional knowledge, ensuring that consumers receive exceptional service and guidance. The...
Insurers may pass on the best benefits to customers following GST cuts, according to Edme Insurance Brokers’ COO.
Edme Insurance Brokers Ltd., formerly Aditya Birla Insurance Brokers Ltd., is working closely with insurers to determine the pricing of products following the GST Council's decision to reduce the GST on individual life and health insurance policies from 18% to 0%. According to Gaurav Gupta, Chief Operating Officer of Edme Insurance Brokers Ltd, the reduction in GST will impact insurers' ability to avail input tax credit, which was previously used for brokerage, commission, and overhead...
Almost two thirds of mid-retirees have not had essential conversations about finances
A recent study by Aviva and Age UK has found that many mid-retirees in the UK are not prepared for the financial challenges of retirement. The survey of 1,000 mid-retirees (aged 65-75) found that almost two-thirds (64%) have not had essential conversations with family or friends about managing their financial affairs should they become unable to do so independently. Additionally, only a third (36%) of mid-retirees know all the details of their partner's pension, and more than four in five...
ManipalCigna Diwali Health Insurance’s campaign ‘Jiske Paas, Lakshmi Maa Karein Waha Niwas’ redefines prosperity to address India’s health insurance deficit
As India celebrates the festival of Diwali, ManipalCigna Health Insurance has launched a new campaign titled "Health Insurance Jiske Paas, Lakshmi Maa Karein Waha Niwaas," which translates to "Where there is health insurance, Goddess Lakshmi resides." The campaign aims to remind people that while wealth and prosperity are important, they can only be truly enjoyed when health is protected. During Diwali, families often focus on decorating their homes, buying gifts, and welcoming Goddess...
ABL Secures Rig Moving Assignment with India’s ONGC
ABL has been appointed by United India Insurance to oversee the Oil and Natural Gas Corporation's (ONGC) rig moves in India. The contract, which runs from September 2025 to May 2026, involves ABL acting as a marine warranty surveyor for 25 anticipated ONGC rig moves. Additionally, ABL will be involved in 70 moves onboard third-party Jack-up units within ONGC's fields off the west coast of India. This includes 34 rig moves to new locations ahead of the Indian monsoon season from March to June....
Aviva deepens partnership with Hyperexponential – Coverager
Aviva, a leading insurance company, has strengthened its partnership with hyperexponential, a technology firm specializing in data analytics and artificial intelligence (AI). The collaboration aims to enhance Aviva's data-driven decision-making capabilities and drive business growth. Hyperexponential's innovative platform uses advanced analytics and machine learning algorithms to process large datasets, providing actionable insights that help insurers like Aviva optimize their operations,...
PNB MetLife has launched ‘360 BIZ’, a digital platform.
Two significant developments have taken place in the Indian market. Firstly, PNB MetLife has launched a new digital platform called '360 BIZ' aimed at simplifying group insurance and employee benefits administration for companies. This platform seeks to provide a seamless and transparent experience for both employers and employees by integrating all aspects of group insurance into a single digital interface. The introduction of '360 BIZ' is expected to enhance the overall employee experience...
Scorching Summers Ahead: Why Your Car Needs Summer Protection Cover Against Heatwave Damage
As the Indian summers continue to intensify, with over 200 heatwave days recorded in 2023, car owners are advised to take proactive steps to protect their vehicles from the extreme heat. Prolonged exposure to high temperatures can lead to expensive repairs and safety hazards, affecting the battery life, tyre pressure, and engine performance. To mitigate these effects, car owners can take several precautionary steps, including parking in the shade, ventilating the car before driving, checking...
OPD Health Insurance Cover: Understanding What’s Included and How it Works
OPD (Outpatient Department) health insurance cover is designed to provide financial protection against medical expenses incurred when receiving treatment or consultation as an outpatient. This type of coverage is crucial because it helps manage the costs associated with doctor consultations, diagnostic tests, and treatments that do not require hospital admission.
What Does OPD Health Insurance Cover Include?
- Doctor Consultations: Fees for consulting doctors and specialists.
- Diagnostic Tests: Expenses for blood tests, X-rays, MRI scans, and other diagnostic procedures.
- Medications and Prescriptions: Costs of medicines and drugs prescribed by doctors.
- Physiotherapy Sessions: Expenses related to physical therapy treatments.
- Dental and Ophthalmology Treatments: Certain insurance plans may cover dental procedures and eye treatments.
How Does OPD Health Insurance Work?
- Policy Purchase: An individual buys an OPD health insurance policy, either as a standalone policy or as part of a comprehensive health insurance plan.
- Premium Payment: The policyholder pays a premium, which can be monthly, quarterly, half-yearly, or annually, depending on the terms of the policy.
- Treatment or Consultation: When the policyholder requires medical attention, they visit a doctor or a hospital (if it’s part of the network) without needing to be admitted.
- Claim Process: Depending on the insurance provider, the policyholder may need to pay upfront and then claim reimbursement or have the expenses directly settled by the insurance company if it’s on a cashless basis.
- Coverage and Limitations: The insurance company covers the expenses as per the policy terms, which may include sub-limits (a limit on the coverage for specific expenses), co-payments (a portion of the expenses that the policyholder must pay), and exclusions (expenses or treatments not covered by the policy).
Understanding the specifics of an OPD health insurance cover, including what is included and how it operates, is essential for making informed decisions about health insurance needs. Always review the policy terms and conditions carefully to ensure the coverage aligns with your health care requirements.
Outpatient Department (OPD) health insurance cover is a type of insurance that provides financial support for routine medical expenses that do not require hospitalization. This type of coverage is essential for managing the costs of doctor consultations, diagnostic tests, prescription medicines, and minor procedures. According to Policybazaar, OPD benefits typically cover general physician visits, specialist consultations, blood tests, X-rays, MRIs, and pharmacy bills. The cost of a single...
Tata AIA has introduced Health Buddy and Health SIP, providing comprehensive protection for individuals.
Tata AIA Life Insurance has introduced two innovative solutions to address the health challenges faced by families in India. The first solution is Tata AIA Health Buddy, a 24x7 virtual health and wellness companion that provides round-the-clock access to various health services. This includes preventive check-ups, vaccinations, doctor consultations across 24 specialties, medical second opinions, fitness and diet guidance, and wellness consultations for women and dental care. The service is...
Edelweiss Alts, a stressed assets fund, has formed a governance committee and settled a case with the Securities and Exchange Board of India (SEBI).
The Edelweiss group's alternative investment arm and its stressed assets fund have settled allegations with the Securities and Exchange Board of India (SEBI) regarding conflicts of interest and failure to act in the best interest of investors. The allegations were raised in a show-cause notice issued by SEBI in July 2024, which claimed that the fund and its manager had failed to exercise independent professional judgment and had submitted inaccurate information to its trustee. To address these...
Indian PSUs and NGOs shine at THE INDIANPSU CSR Impact Award – 2025
The INDIANPSU CSR Impact Award 2025 was a memorable evening held at the Mirza Ghalib Chamber, SCOPE Convention Centre in New Delhi. The event was attended by a large and enthusiastic audience, with Chairman Prasar Bharati, Mr. Navneet Kumar Sehgal, as the Chief Guest. Mr. Sehgal praised the efforts of Public Sector Undertakings (PSUs) in building the nation and expressed hope that loss-making PSUs will soon turn profitable. The guests of honor included Mr. Deepak Mishra, Mr. Rajeev Agarwal,...
Radhika Gupta explains how Edelweiss MF’s new Multi Asset Omni FoF offers a simple yet powerful construct.
Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, has addressed the growing demand for hybrid-style index funds. While a regulatory framework for these funds is currently lacking, Gupta suggests that Fund of Funds (FoFs) can achieve similar outcomes. She highlighted Edelweiss Mutual Fund's new Multi Asset Omni FoF, which offers diversified exposure across asset classes with a static allocation of 65% in large and midcap equities, 20% equally divided between gold and silver, and 15% in debt....
Oscar Health launches 2026 DFW plans with $0 virtual care
Oscar Health, Inc. is introducing affordable, tech-powered health plans for individuals, families, and businesses in the Dallas/Fort Worth region. The plans will be available on the individual marketplace for 2026 Open Enrollment, starting January 1, 2026. The company offers a range of plans, including Bronze, Silver, and Redesigned Gold Plans, which provide coverage options for all budgets, health needs, and cultural backgrounds. The plans include convenient access to top providers, $0...
Treatment up to ₹5 lakh; Norka Care health insurance launched; Registration still open
The Government of Kerala has launched a health and accident insurance scheme called Norka Care, which is now active and covering over 4 lakh Malayalis. The scheme, implemented in association with New India Assurance, provides medical coverage of up to ₹5 lakh and accidental death coverage of up to ₹10 lakh. The insurance policy is available to both domestic and overseas Malayali expatriates, and individuals up to the age of 70 years can enroll. As of October 31, a total of 1,02,524 families...
Jammu and Kashmir government constitutes UT-Level Insurance Committee to enhance insurance coverage
The Government of Jammu and Kashmir has established a Union Territory Level Insurance Committee (UTLIC) to oversee the implementation of the UT Insurance Plan. This committee aims to increase insurance awareness and penetration throughout the Union Territory. The decision was formalized through a government order issued by the General Administration Department on July 9, 2025. The committee will be headed by the Administrative Secretary of the Finance Department and will comprise top officials...
IFFCO-Tokio ventures into Surety Bonds sector
IFFCO-Tokio General Insurance has introduced its surety bonds business, a move aimed at supporting India's growing infrastructure sector. Surety bonds are legally binding contracts that serve as a risk-mitigation tool for projects, providing an alternative to traditional bank guarantees. By launching this product, IFFCO-Tokio seeks to increase access to surety bonds for contractors, particularly small and medium-sized firms, and foster trust among stakeholders. The construction sector in India...
Rising health insurance costs are affecting Kansans as Congress debates subsidies.
The rising cost of health insurance is affecting many Kansans, particularly those who rely on the Affordable Care Act (ACA) marketplace for coverage. As Congressional lawmakers debate the future of healthcare subsidies, Kansas residents are facing increased premiums and deductibles, making it difficult for them to afford essential medical care. In Kansas, the average benchmark premium for a 40-year-old individual has increased by 10% this year, with some plans experiencing hikes as high as...
Aditya Birla Capital has appointed Vishakha Mulye as its new Managing Director and Chief Executive Officer.
Vishakha Mulye is a seasoned executive and the current Managing Director and CEO of Aditya Birla Capital Limited (ABCL). She has been instrumental in driving the company's transformative journey, anchored on the principles of 'One Customer, One Experience, and One Team'. Under her leadership, ABCL has expanded its offerings across various financial services, including loans, investments, insurance, and payments. The company has also developed an omnichannel D2C platform, delivering...
Tata AIA has introduced a term plan that offers both lump-sum and monthly income benefits.
Tata AIA Life Insurance has launched a new term insurance plan called Shubh Family Protect, which offers a unique combination of an immediate lump-sum payout and monthly income for beneficiaries for 10 to 30 years. This product is positioned as a first-of-its-kind solution that addresses the challenges families face in managing large payouts after a policyholder's death. The plan allows policyholders to nominate multiple beneficiaries, including spouses, children, and parents, and offers...
Motilal Oswal
Aditya Birla Capital (ABCAP) has released its 2QFY26 consolidated results, showcasing a 4% year-over-year (YoY) increase in revenue to approximately INR124.8 billion. The company's consolidated profit after tax (PAT), excluding one-off items, grew 3% YoY to around INR8.55 billion. The overall lending book, comprising both non-banking financial companies (NBFC) and housing, exhibited a significant 29% YoY growth and a 7% quarter-over-quarter (QoQ) increase, reaching approximately INR1.78...
Gold Coast Health Plan has announced the appointment of a new Chief Operating Officer.
Gold Coast Health Plan (GCHP) has announced the appointment of Suma Simcoe as its new Chief Operating Officer (COO), effective October 15, 2025. Simcoe brings over two decades of managed care experience to the role, having held senior positions at L.A. Care Health Plan and Molina Healthcare. She has a proven track record of transforming complex challenges into sustainable results and has expertise in all aspects of managed care operations, including enrollment, claims, and provider relations....
The Madras High Court has ruled that a borrower of a vehicle is equivalent to the owner in terms of liability and therefore, cannot claim compensation for an accident. According to the Motor Vehicles Act, when a person borrows a vehicle, they assume the responsibilities and liabilities associated with its ownership, at least in the context of accidents. This means that if the borrower is involved in an accident, they cannot seek compensation as they would be considered the owner of the vehicle for the purposes of the Act. The court’s decision effectively places the borrower in the shoes of the owner, making them responsible for any damages or liabilities arising from the accident, rather than allowing them to claim as a third party might.
The Madras High Court has ruled that a person who borrows a vehicle from its owner cannot claim compensation similar to a third party. This decision was made by Justice R Poornima of the Madurai bench, who referenced a Supreme Court case, Ramkhiladi and another Vs. United India Insurance Company and another. In that case, the court held that a claim petition under Section 163A was not maintainable by a borrower or permissible user of a vehicle against the owner or insurer of the vehicle. The...
ACA ‘window shopping’ for health care costs begins as shutdown fight continues: NPR
The Affordable Care Act (ACA), also known as Obamacare, is currently at the center of a government shutdown. Democrats are fighting to extend tax credits that help people pay for health care through the ACA exchanges, warning that without these subsidies, health care costs would skyrocket for millions of people. As the open enrollment period for 2025 begins, some individuals have started "window shopping" for health insurance plans, and some may see significant increases in their premiums....
Aditya Birla Capital’s Q2 profit rises 3% to Rs 855 crore
Aditya Birla Capital, the financial services arm of the Aditya Birla Group, has reported a 3% increase in consolidated net profit for the second quarter ended September 2025. The company's net profit stood at Rs 855 crore, up from Rs 834 crore in the same quarter of the previous financial year. The total income of the company rose to Rs 10,609 crore during the quarter, compared to Rs 10,362 crore a year ago. The interest income of the company increased to Rs 5,003 crore, up from Rs 4,141 crore...
Mumbai: Consumer Protection Body Orders Manipal Cigna To Reinstate Health Insurance Policy & Compensate ₹3 Lakh To Client For Mental Agony
A consumer protection body in Mumbai has ordered Manipal Cigna Health Insurance Company to reinstate a health insurance policy and compensate a client ₹3 lakh for the mental agony caused. The client, a Mumbai resident, had purchased a health insurance policy from Manipal Cigna in 2018. However, the insurance company cancelled the policy in 2020 without providing any valid reason. The client had paid all the premiums on time and had not made any claims under the policy. Despite this, the...