Inclusion of Indemnity based Health Insurance Product through PoS – General Insurers and Standalone Health Insurers

The Authority has received requests from many insurers to allow indemnity based health insurance products to be sold through Point of Sale (POS). On examination of the request made, the Authority under the powers vested with it under clause V(1)(f), of the said guidelines, has decided to allow individual indemnity based health insurance products to be solicited through PoS channel with the following conditions:- I) The indemnity based health insurance products may be offered to only individual  policyholders excluding groups and government scheme. II)  Rs.5 lacs per life/individual will be the maximum sum insured III) Number of such products that can be filed as POS product is capped at 3 (three) per          insurance company IV)  Since Health indemnity products follow a different process than health benefit products, which were hitherto included in the POS channel, the POS may be educated about the process involved in preferring claims, particularly the cashless claims who in turn shall educate the holder of indemnity based health insurance product. NCFE’s National Financial Literacy Assessment Test (NCFE-NFLAT)2017-18 NISM (National Institute of Securities Markets), invites all school students of class VI to XII to participate in the National Financial Literacy Assessment Test (NFLAT 2017-18) conducted by the National Centre for Financial Education (NCFE). NCFE is a joint initiative of all financial sector regulators i.e. RBI, SEBI, IRDAI and PFRDA to implement the National Strategy for Financial Education and is currently being incubated at NISM. About NCFE-NFLAT 2017-18: The test is available in 3 categories i.e. NFLAT Junior (Class 6 to 8), NFLAT (Class 9 and 10) and NFLAT Senior (Class 11 and 12). Schools having adequate IT facilities can conduct the test in their own premises. Registrations for all 3 categories are open. The schools are encouraged to register themselves online. Subsequent to the school registration, students’ registrations are to bedoneby the respective schools. Each school has to invigilate the test for their own students and any assistance required for the test shall be provided by NCFE team. The test is free of cost. The schools can register by following the link – http://www.ncfeindia.org/nflat Important dates:

Particulars	Dates for Online Exam	Dates for Offline Exam
Registration open	Till 30th December, 2017	1st October, 2017 to 10th November, 2017
Test	Any day till 31stDecember, 2017	12th December, 2017 (1 day)
Regional & National Competition	Between 1stto 30th April, 2018

  Prizes: All students appearing for the test will get a certificate. Apart from this there are several attractive prizes like cash rewards, laptops, tablets/ kindles, medals, etc. for both students and schools. For details please visit http://www.ncfeindia.org/nflat Contact us: Phone: 022 66734601/02 Email: [email protected] Website: ncfeindia.org All schools are encouraged to avail this opportunity.