It is always good to have entry of new Insurance Company, especially Health Insurance Company. The fifth standalone health Insurance company of the country “Cigna ttk Health Insurance Company Ltd" will soon be entering the Indian market.Cigna ttk health Insurance Co. Ltd has received the regulatory licence from the Insurance regulator IRDA on Nov.13, 2013 and soon it will start operations in the Indian market. Its head quarter will be in Mumbai.Its a joint venture between U.S health service giant Cigna Corporation & an Indian conglomerate-...
Tuesday, 10 December 2013
Monday, 2 December 2013
Till Nov. 03, 2013 the Oriental Happy Family Floater policy‘spremium calculation was unique & was very popular as in this the premium was calculated based on the age of the proposer. As a result the product was popular among large families comprising of self/spouse/parents/parents in law and even children below 21 years.The revised calculation method announced by Oriental Insurance Co. Ltd. on Nov. 4, 2013 is:· If one generation is covered the primary member would be the person of higher age· ...
India is having 30 Lakhs Cancer Patients and every year 8 Lakhs new patients get added to this number.According to Mr. R.K.Chaturvedi, Adviser to Vedanta’s Cancer Hospital project.“The number of cancer patients in India is rising alarmingly and from year 2020 onwards, the nation will add more than 20 Lakhs new cancer patients every year,”It is surprising to know that not even a single Insurance Company is ready to provide Health Insurance for patients who are having pre- existing cancerous condition.The Raheja QBE, who offers a product separately...
Tuesday, 19 November 2013
We as an Insurance Brokerage Firm have been always guiding our clients on importance of preventive cure in avoiding / keeping diabetes under control. Buying Health Insurance does not mean that we can neglect our responsibility of preventive care .It was interesting to see an informative article on diabetes prevention in Mint-Nov 12, 2013. According to it: Eating of following:Apples and AvocadoJamun ( fruit)Karela (vegetable) Bitter GourdBeans BarleyCinnamonWalnutsEgg whitesPumpkin seedsGreen tea GrapesFenugreek...
Thursday, 7 November 2013
It is from time to time we come across a standard query-Should I buy policy from a specific bank? We have always taken the stand:Avoid it as the bank may stop the policy due to various reasons:· Change of InsuranceCompany· Cancellation of policy by insurance company due to higher claims.Recently we have come across from newspaper reports about the case of Dr. Abhay Bedmutha’s who had an account with Nashik Merchant Co-operative Bank Ltd. and was issued...
Saturday, 12 October 2013
Many a times our customers or clients ask us what should be the sum assured under Health Insurance policy? Should I increase the sum assured this time?The logic demands that sum assured or Health insurance policy should be fulfilling the following criterion: (a) Cover the risk to a reasonable extent – need not be highest (b) Should be Cost effective – where pocket permitsWhile in the case of motor...
Saturday, 28 September 2013
We have been always hearing or reading that moment hospitals come to know that patient bills are to be paid by Health Insurance / General Insurance Company – they are very happy and they start overcharging. Insurance Foundation of India had brought out a cartoon in 2009 (www.healthinsuranceindia.org) which was highly appreciated by large number of people.But Times of India carried a news during this week (September last week 2013) which is fact revealing...
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