COVID HEALTH INSURANCE
Health insurance marketplace 2027: Obamacare premiums set to rise 13% as subsidies expire - will you pay more?
Healthcare marketplace: Obamacare premiums are expected to rise in 2027 as enhanced federal subsidies expire and eligibility rules change. With benchmark silver plan premiums projected to increase by 13%, many Americans could face higher costs, switch to cheaper coverage or struggle to keep their health insurance.
India within striking distance of 8% GDP growth, resilience not accidental: Shaktikanta Das
With an ambitious target of 8% GDP growth, India aims for Viksit Bharat by the year 2047 through innovative reforms. The government is dedicated to increasing domestic capabilities in crucial areas such as energy and manufacturing. Significant measures are being implemented to strengthen long-term finance and bolster involvement in global supply chains.
Global funds, same tech bet? The diversification trap Indian investors may miss
Many Indian investors mistakenly believe they diversify their portfolios by adding foreign countries. However, numerous global indices often revolve around similar technology narratives, particularly in semiconductors. To achieve real diversification, investors must grasp the fundamental earnings drivers. Exploring Europe and Japan can unveil distinct economic pathways, offering a refreshing contrast. A thorough assessment of concentration risks and market dynamics is vital when engaging in international investments.
8th Pay Commission latest news: 8 demands from nursing staff in Chandigarh meeting
The Nurses Welfare Association engaged with the 8th Pay Commission officials to present crucial demands. They aim for an increase in starting salaries and better compensation for night shifts. Furthermore, the association is pushing for expanded insurance benefits and additional hardship allowances. A significant ask is the reinstatement of the Old Pension Scheme for nurses, alongside a request for Chandigarh city's category elevation.
AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’
To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is insufficient. While AI holds the promise to connect more individuals with insurance, accessibility issues persist. Special attention is needed for the often-overlooked 'missing middle' demographic. Establishing consumer trust and providing adequate coverage are key to broadening insurance use. Defining shared responsibilities is essential for achieving universal insurance access.
US to issue $500 Obamacare refunds to nearly a million Americans
Nearly one million Americans will receive $500 refunds from the Trump administration. These payments address overcharges on federal Obamacare marketplace user fees. Eligible recipients are those without subsidies in thirty specific states. Checks for these refunds are scheduled to begin distribution in October. This initiative aims to return funds perceived as wrongly collected from consumers.
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Indian households shift spending towards discretionary goods, services
Household spending shows a shift towards non-essential goods and services. Alcoholic beverages and tobacco spending saw significant growth, outpacing other categories. Personal care and miscellaneous goods also experienced a notable increase in expenditure. Services sector spending rose, capturing a larger share of total consumption. Essential food item spending increased, with growth in specific product categories.
How better training is changing India’s health insurance conversations
India’s post-Covid customers are asking tougher questions about health insurance, compelling agents to become true advisors instead of transactional sellers. Here’s how structured training, clearer communication and local-language explanations are transforming frontline advisory. And why that shift is key to preventing claim shocks and building long-term trust.
A fresh COVID surge spotlights the need for health insurance: Have you updated your plan yet?
As COVID rings in ominous tones for the economy and the healthcare sector worldwide in ever-mutating variants, here’s what you need to know about ensuring your health insurance policies are updated, more specifically with a COVID-19 cover.
Covid vaccinated can now get a discount on this health insurance policy
The offer is available to customers of Reliance Health Infinity insurance policy. Both, new policyholders and those who are renewing their existing health insurance policies will be eligible for the discount, the company said in a press release.
You can buy Corona Kavach, Corona Rakshak insurance policies till September 30, 2022
General insurers and stand-alone health insurers will be able to sell Covid-19 specific health insurance products, Corona Kavach and Corona Rakshak, till September 30, 2022, according to the Insurance Regulatory and Development Authority of India (IRDAI).
COVID health insurance policies will also cover Omicron infection treatment costs: Irdai
"All health insurance policies issued by all general and health insurance companies that cover treatment costs of COVID-19 also cover the costs of treatment towards Omicron variant of COVID-19 as per terms and conditions of policy contract," the Insurance Regulatory and Development Authority of India (IRDAI) said in a release.
You can buy Corona Kavach, Corona Rakshak insurance policies till March 31, 2022
The Corona Kavach and Corona Rakshak are two basic standard health insurance policies which are available at an affordable price. These policies were first launched in June 2020 with a deadline of March 31, 2021.
Covid-19 claims to exceed 50% of Q1 health payouts; 16,000 crore cleared
“As an industry, we had 10 lakh claims in the first quarter of this year, which is the same as the number of claims for the whole of last year. The claims are close to the provisions that we had made last year,” said Ritesh Kumar, MD & CEO, HDFC Ergo General Insurance.
Covid-19 insurance claims to exceed 50% of Q1 health payouts; 16,000 crore cleared
In the first quarter of the current fiscal, Covid claims are expected to be more than 50%. Even now claims are coming in for reimbursement for hospitalisation and domiciliary treatment.
GigIndia to provide Rs 3 lakh insurance cover to active gig workers
The company is initiating efforts to ensure certified giggers on its platform continue receiving gigs (projects), thereby enabling a steady monthly income
For Covid vaccine costs, tap health insurance
Companies are right to want to count their Covid-relief expenses as corporate social responsibility (CSR) spends. Some do splendid work. Their contributions to relief funds set up by chief ministers should qualify as CSR, just as their contribution to the PM Cares Fund does.
Recovered from the coronavirus? You might find it difficult to get health, life insurance instantly
There are many comorbidities which are becoming critical in case of covid infections and insurers have also increased their testing to identify such diseases while issuing new policies.
Covid survivors buying health cover for first time face scrutiny
With nearly 1.6 crore Indians having tested positive for Covid, the number of first-time insurance buyers who are likely to face scrutiny is rising. While it is usual for insurers to inquire about pre-existing diseases before selling a health cover, Covid has made insurers turn cautious as they its long-term impact on organs is not known.
You may have to ‘cool off’ post Covid to buy health insurance
In most cases they have not made public these cooling off periods. Sales agents have been advised and directed not to sell policies to recently recovered patients, ET has learnt.
Covid survivors who buy new insurance cover face exclusions
People who have survived Covid-19 may face certain challenges in health insurance claims in the future, if their ailments are linked to the infection. It may be categorised as pre-existing.
Demand rises for adding home care, outpatient costs in health insurance
Experts say the industry is moving towards its next leg of growth, where traditional ‘all illness’ medical covers would soon be replaced with customisable products that cover all aspects of the treatment and not just the costs specified by the hospitals.
Irdai allows insurers to offer policyholders choice to renew, migrate, port Covid-specific health covers
"Policies of any tenure may be renewed for further terms …The renewal shall be subject to the underwriting policy of the insurer,” Irdai said Tuesday.
Majority consider health insurance cover as a necessity in post-COVID era, says survey
Before the outbreak of coronavirus pandemic in India only 10 per cent of people were interested in buying health insurance to cover new age diseases, but now 71 per cent people consider health insurance as a necessity to fight unforeseen pandemic like this, the survey said.
Will Standard Benefit Based Coronavirus Health Insurance policy help you?
The cover will be a benefit-based product offering a 100% lumpsum if a policyholder tests positive.
Defined benefit vs indemnity type health insurance policy for coronavirus: Here's how to choose one
A benefit-based policy will ensure a fixed and guaranteed lump sum amount equal to the sum insured if one tests positive for Covid-19 and is hospitalised. An indemnity health policy, on the other hand, will reimburse the cost of medical expenses during hospitalisation.
This indemnity-based coronavirus health insurance covers PPE cost. Should you buy?
This will be a standard health policy which will provide coverage of up to Rs 5 lakh for hospitalisation expenses related to Covid-19. The policy will cover consumables such as PPE Kit, gloves, mask and other similar expenses used for the treatment.
IRDAI allows insurers to offer short-term health policies for coronavirus treatment
Short term health policy means any health insurance policy contract which has been issued for a policy term of less than 12 months. However, a policy term less than three months is not permitted by the regulator.
Health insurers must decide coronavirus treatment requests within 2 hours: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has issued norms for general and health insurers for quick settlement of claims filed by policyholders for coronavirus (COVID-19) disease/infection.
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