Budget 2020: Reaction of the insurance industry

“The budget attempts a balancing act of promoting long term growth while maintaining fiscal prudence given the constraints. It pursues Read more

IRDA norms give TPAs less room

It’s going to be a new ball game, albeit limited, for third party administrators (TPAs), entities that act as an intermediary between insurers and policyholders in processing insurance claims. Under the new set of health regulations laid down by the Insurance Regulatory and Development Authority (IRDA), the functions and roles of TPAs have been clearly defined, which on the face of it look more restrictive than earlier. Read more

Why diabetics get life cover, but not health insurance?

Have you ever wondered why people with diabetes are able to get term life insurance but not health insurance?

An anguished post on the Apnapaisa website says: “I am 40 years old and a diabetic but have no other health issues. I was recently able to get a 20-year term insurance policy for Rs 1 crore, though at a higher than normal premium. But all my efforts at getting a health insurance policy have been unsuccessful.” Read more