National Insurance Co launches Preferred Provider Network (PPN) in Kolkata

Preferred Provider Network (PPN) has been introduced by National Insurance, Oriental Insurance, NewIndia Assurance and United India Insurance to limit the mounting losses in the health insurance portfolio. The health portfolio has a high claim ratio of around 100-200% due to overcharging/excess charging by hospitals for the same disease.

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Insurance News: Health, home and vehicle insurance set to cost more

Buying general insurance such as health, motor or property cover could cost more from April. The finance ministry has asked the national reinsurer, General Insurance Corporation, to stop underwriting loss-making businesses. The government has also said if insurers take on loss-making businesses, they should bear the risk in their books or increase premium rates. Read more