The increase in FDI cap will help increase penetration, density and coverage. The Act also gives more powers to the IRDAI.
PMSBY offers accidental death and disability cover of Rs 2 lakh to the subscribers for an annual premium of Rs 12.
Despite several regulatory and technological safeguards being put in place to prevent frauds in the banking space, they continue unabated.
Some recent schemes launched by the Modi government may not be of much relevance to you but it does ensure a comfortable future for India.
You might soon be able to buy long-term health savings schemes from health insurance companies. Similarly, you could also get access to comprehensive health policies.
IRDAI reviews health insurance framework; long-term health savings schemes may soon become a reality
You might soon be able to buy long-term health savings schemes and get access to comprehensive health policies from health insurance companies.
Shrinkage in parental coverage offered by corporate employers and rising healthcare inflation prompt senior citizens to seek health cover.
Policyholders need to understand how grievance redressal works and if a recourse is available from the IRDA.
Policyholders are also happier with regard to services like timeliness of the alerts or reminders for premium due dates and receiving the premium receipts for payments made etc.
While 85% of metro respondents said they had taken the online route for research, evaluation or purchase of health and motor policies, this figure was 82% for non-metro cities.
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