HDFC ERGO
Planning robotic surgery? Your health insurer may pay only 50% of the hospital bill: Know what to check
Robotic surgery is increasingly covered by health insurance in India, but not without complications. Despite having a high sum insured, policyholders must navigate sub-limits and exclusions that can significantly reduce payouts. Understanding these nuances before undergoing surgery is crucial to avoid unexpected out-of-pocket expenses when the final bill arrives.
₹10 lakh dengue health claim rejected over 2-year waiting period for a spinal disc condition; here’s why the policyholder won
A significant ruling by the Delhi State Consumer Disputes Redressal Commission found in favor of a policyholder whose dengue hospitalisation claim was denied by HDFC Ergo due to a waiting period clause. This case highlights the importance of understanding policy exclusions and the need for insurers to substantiate their claims rejections with clear policy terms.
Insurance changes positive, give the companies time to adapt: Theodoros Kokkalas, ERGO International
Theodoros Kokkalas, chief operating officer of ERGO International said greater predictability would help insurers make long-term business plans. "We make plans, and today making long-term plans is like science fiction in the dynamic environment that we live in," he said. While India's general insurance industry is struggling to bring its combined ratio below 100%, with the industry average at 110-115% and ERGO is targeting a ratio of 80-85%, Kokkalas said there was no standard timeline for a market to reach that level.
₹1 crore accidental death claim rejected over alleged income inflation; here’s why wife won against insurer
An insurer's attempt to deny a Rs 1 crore accidental death claim based on alleged income inflation backfired. The consumer commission ruled that insurers must prove deliberate misrepresentation, not just suspicion, influenced policy issuance. This landmark decision emphasizes the need for concrete evidence over mere allegations when repudiating claims.
Gujarat floods trigger thousands of crores in insurance claims, prompting rate hikes for industrial risks
Gujarat floods have triggered substantial insurance claims, prompting a review of pricing. Insurers are now pushing for more disciplined pricing on large industrial risks. This reassessment follows expected flood-related claims exceeding five thousand crore rupees industry-wide. The Gujarat losses increase the case for location-based catastrophe exposure pricing. Global reinsurers' stance will largely determine the extent of this pricing correction.
HDFC ERGO General Insurance elevates Anuj Tyagi as MD and CEO
HDFC ERGO General Insurance promoted Anuj Tyagi as the new managing director and chief executive, succeeding Ritesh Kumar effective July 1. Tyagi, with the company since 2008, previously served as joint managing director. Kumar will transition to ERGO International's board and become the deputy COO focusing on Asian growth markets. The appointment is pending approvals.
CCI approves HDFC Bank's acquisition of 4.99 pc stake in HDFC ERGO General Insurance Co
Fair trade regulator CCI on Monday approved HDFC Bank's acquisition of 4.99 per cent shareholding in HDFC ERGO General Insurance Company. In June, HDFC Bank had said its board has given approval to buy more than 3.55 crore shares in group firm HDFC ERGO General Insurance Company for over Rs 1,906 crore from the parent company Housing Development Finance Corporation (HDFC)
HDFC Bank to buy Rs 1,906 cr stake in group firm HDFC ERGO General Insurance
HDFC is the promoter and related party of the bank.
HDFC to off-load 0.62% stake in general insurance subsidiary
HDFC has entered into a share purchase agreement for sale of 44,12,000 equity shares of Rs 10 each, representing 0.62 per cent of the issued and paid-up share capital of HDFC Ergo.
Non-life biz to expand: HDFC Ergo
India is expected to see a significant jump in insurance penetration during the current fiscal and is projected to leapfrog in global rankings in the next five years, according to the chief executive of HDFC Ergo General Insurance.
Irdai gives final nod for merger of HDFC ERGO Health with HDFC ERGO General Insurance
In late September, the National Company Law Tribunal, Mumbai had okayed the scheme of amalgamation between HDFC ERGO Health Insurance (formerly Apollo Munich Health Insurance Co Ltd) and HDFC ERGO General Insurance Co Ltd (HDFC ERGO).
HDFC ERGO Health to merge with HDFC ERGO through share swap
It will lead to dissolution of HDFC Ergo Health without winding up.
Apollo buy to boost HDFC Ergo’s market share
HDFC plans to complete the merger between Apollo Munich Health and HDFC ERGO in 9 months.
HDFC Ergo in talks to buy Apollo Munich Health Insurance
Munich Re to exit after the deal. Apollo will own a small stake in the merged entity with HDFC Ergo
IRDAI and CCI approve acquisition of L&T General Insurance by HDFC ERGO
Mukesh Kumar, Executive Director at HDFC ERGO has been appointed as the new Managing Director and CEO of L&T General Insurance.
HDFC Ergo to offer insurance cover to RuPay cardholders for 3 years
According to the terms, HDFC Ergo would provide an insurance cover of Rs 1 lakh to all RuPay cardholders which can be claimed in case of death or permanent disability.
HDFC Ergo signs outsourcing pact with Accenture
Accenture will maintain and upgrade HDFC Ergo's existing digital channels, including web portals and mobile applications.
HDFC ERGO GIC implements pilot WBCIS in Maharashtra
HDFC ERGO has implemented a pilot weather-based crop insurance scheme for March-May crop harvest
HDFC Ergo offers home insurance product online
Insuring your costliest asset is now a matter of a few clicks. HDFC Ergo has extended its online platform to include home insurance.
Load More
