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General insurers, which have been in losses for much of the last decade, are working out novel ways to boost their income, including charging higher premium for those who park their cars in open, and from those who are in field jobs such as sales. Read more
Notwithstanding presence of more than 24 health insurance companies, the Indian health insurance industry is still at a nascent stage compared with global peers. Globally, health insurance providers are much more advanced and have mature and developed products. Read more
While insurance companies don’t see bariatric or weight loss surgeries being covered under health insurance policies anytime soon, surgeons argue that patients undergoing such surgeries out of medical problems should exempted. Read more
Health and motor insurance will remain the key growth drivers for Bajaj Allianz General Insurance in near future on the back of larger opportunities in these space, a top company official said recently.
As per recent reports, nearly 7.5% of India’s population is presently aged 60 years and above. Less than 1% of these would be covered under any kind of health insurance plan. Being estimated that India will soon become home to the second largest number of senior citizens in the world, these numbers show a worrying picture, despite most General insurers offering specific plans for the elderly. Read more
Bajaj Allianz General Insurance has launched an ‘extended warranty plan’ for consumer durables, under which a customer will be able to extend the warranty period for 12 months after expiry of the manufacturer’s product warranty. Read more
Inadequate product pricing leaves the end user feel short-changed. An appropriate pricing, on the other hand, leads to innovations, better distribution and reach and reliable customer service. Tapan Singhel, MD and CEO of Bajaj Allianz General, in an interview with DNA shares his perspective on the general insurance industry.
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