Health Insurers Adjust Premiums to Address Inflation Overview In response to escalating medical inflation and regulatory changes, several prominent health insurers in India, including HDFC Ergo, Star Health, Niva Bupa, and New India Assurance, are raising their insurance premiums. This article provides a detailed breakdown of these adjustments, the reasons behind them, and the implications for policyholders. Premium Adjustments by Leading Insurers HDFC Ergo Products Affected: Optima Secure and Optima Restore Effective From: August Star […]

Insurance Dekho Debuts SaaS Solutions Firm Heph for Insurance Distributors Insurance Dekho, a prominent Insurtech startup based in Gurugram, has recently introduced its new affiliate called Heph, a Software-as-a-Service (SaaS) firm designed to revolutionize the insurance distribution sector in India. As declared by top executives from Insurance Dekho, Heph is set to provide comprehensive digital solutions that will enhance operations for insurance distributors across the country. Launch and Initial Success On Monday, 26 August, Heph […]

“18% GST on Health and Life Insurance: A Burden on 45 Crore Indians” In a recent move that has caught the attention of citizens across India, Derek O’Brien, a leader from the Trinamool Congress (TMC) and Rajya Sabha MP, has reached out to Finance Minister Nirmala Sitharaman with a pressing request. O’Brien is advocating for the withdrawal of the 18% Goods and Services Tax (GST) imposed on health and life insurance premiums. This call to […]

Health Insurance: Revolutionizing the Claims Process with NHCX In the rapidly evolving landscape of India’s health insurance sector, the National Health Claims Exchange (NHCX) stands out as a transformative digital platform. Designed to usher in an era of seamless, transparent, and efficient claims processing, NHCX streamlines interactions among policyholders, hospitals, and insurers through standardized digital engagement. This initiative not only simplifies the claims process but also significantly empowers policyholders with greater transparency and efficiency. The […]

Access Immediate Funds through Your Life Insurance Policy Loan In an era marked by financial uncertainties, access to quick funds represents a critical advantage for individuals facing unexpected financial demands. The Insurance Regulatory and Development Authority of India (IRDAI) has facilitated a pathway for policyholders to tap into the cash value of their life insurance policies without the need to surrender their coverage. This policy loan feature emerges as a strategic financial lifeline, offering a […]