Is loss making portfolio of Health Insurance repelling foreign companies to enter India.It is learnt that Religare Health Insurance may go in for 100% Indian owned venture as no agreement could be reached with 4 foreign companies, with whom discussions were being held. Reasons can be:-1) Is it that delay in increase of foreign equity from 26% to 49% is responsible for this. 2) Is it that foreign companies are finding that losing portfolio of health insurance is going to continue for at least 5 years then why not delay the entry in to India. They...
Friday, 30 April 2010
Best policy of today may not remain the best policy after few yearsLarge number of clients contacts us to know which the best policy is so that they can buy the same. Everyone’s wish is to buy the best. One of the main parameter on which decision is taken is lowest price as on today. Our suggestion is that take broader view of the whole scenario because what is lowest today may not remain lowest after few years. Is it not affect that last year Reliance...
Monday, 26 April 2010
Cloud results in large number of claims under Overseas Travel Policy on Indian Insurance CompaniesEuropean cloud and consequent disruption of flights has resulted in claims being filled/ lodged by those who had taken overseas travel policies, which also cover the risk delay in flight is covered under this policy.Large numbers of flights to and from Europe were disrupted for a week due to volcanic dust over the continent.Overseas travel policies give a maximum cover of $1,000 and are likely to result in good number of claims. They cover claims arising...
Friday, 23 April 2010
A boon for health coverage after retirementFirm offers no-pain switch from company coverPersons in the age group of 55+ are concerned about health insurance after their retirement, when they will no longer be covered under a company’s group mediclaim policy.As the competition grows and more and more insurance companies come out with better products with better features- We have the solutions appearance on the horizon.Apollo Munich has asked for approval from the Insurance Regulatory and Development Authority (IRDA) to launch Optima Vital, a ‘top-up...
Saturday, 10 April 2010
Health Insurance industry estimates show –it has touched Rs 8100 Crores mark during this year (2009-2010)Initial statistics for the year 2009-10 (year ending 31st March 2010) indicate that Health Insurance industry has touched figure of Rs 8100 crores. Last year this figure was Rs 6600 crores so it means that there has been growth or 23% during this year. Overall General Insurance Industry during 2009-10 has shown growth of 10% so it is heartening to note that Health portfolio has really contributed to the overall growth or General Insurance Industry.Health...
Friday, 9 April 2010
Air ambulance- who will pay for it An interesting news item has appeared in HT- according to which NHAI is planning helipads at a distance of 100 kms. on various Highways going from Delhi to various destinations say Jaipur/Agra/Haridwar/Rohtak. We appreciate the plan as it will save lives of those who get involved in major accidents on highways.The question arises who will pay for the costs. Questions before us are;1) If it is free- there is tendency...
Reliance has great plans – and now we hear Reliance Health Insurance may come.It is great to see activity in Insurance industry and now we hear that Swiss Re may be the partner in stand alone Health Insurance Company to be set up by Reliance.We also have been hearing that Reliance Life will also have Swiss Re as the partner.Reliance General will have Royal Sundaram merging into it- Sun Alliance will become active partner with 26% in Reliance General Insurance Company LtdWhat these developments will mean for customers. ?Stabilization of premiums...
Elbow Replacement – an idea about hospitalization costWe have been hearing about knee replacement. New we have Elbow Replacement. As the age of Indian people will increase we will have new treatments / surgeries, which will be required. But the fact remains cost will be high and will go on increasing year by year. If Elbow Replacement is costing Rs 150,000 to Rs 200,000 in 2010 then we have to consider that sum assured should be high at say Rs 3...
In the past customers have enjoyed low premium rates for Health Insurance policy of Reliance General Insurance Co Ltd.New rates were announced on 7.4.10 ,thes are increased rates and bring premium rates to more or less at par with /premium rates of other Insurance Companies.Let us see comparision of old rates vs new rates for a family floater policy where the age of head of the family is 32. You may be surprised to see increase of the order of...
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