Health Insurance

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Health insurance for alternative treatments on the anvil

22 May 2016
Health insurance for alternative treatments like Ayurveda, Yoga, Unani, Siddha and Homoeopathy (Ayush) is set to expand with the Centre taking steps to get insurers to develop packages for traditional treatments.

A handful of Government and private health insurance companies have committed to the Government to draw up packages for Ayush treatments, a source […]

By |May 23rd, 2016|Health Insurance|0 Comments

2016 should be a point of inflection for the health insurance industry

10 Febuary 2016

The health insurance industry grew at about 16% in 2015, which is more than twice the rate at which India’s gross domestic product (GDP) is growing. The industry has seen year-on-year growth of more than 27% in direct premium collections. These numbers indicate that the foundation has been laid to make 2016 a […]

By |February 10th, 2016|Health Insurance|0 Comments

Munich Re Raises Shareholding in India’s Apollo Munich Health Insurance

28 January 2016

Munich Re will acquire an additional 23.27 percent of shares of Apollo Munich Health Insurance Co. Ltd., from its joint venture partner, the Apollo Hospitals Group, India, increasing its shareholding from 25.5 percent to 48.75 percent.

Representatives of both companies signed a share purchase agreement on Jan. 25, agreeing to a purchase price of […]

By |January 28th, 2016|Health Insurance|0 Comments

2016 expected to be exciting year for General Insurance: MS Sreedhar, Royal Sundaram

5 January 2016

Health insurance segment is expected to stay robust on account of rising healthcare cost, inflation and improved awareness among the consumers. The year will also witness huge inflows of capital into the country, with large global general insurance companies expected to increase their stakes to 49% as permitted by the Insurance Act.

“2015 was […]

By |January 5th, 2016|General Insurance, Health Insurance, Life Insurance|0 Comments

Insurance bill will help higher FDI inflow in joint ventures; nearly Rs 6,000 crore in 2016 eyed

5 January 2016

Soon after the Insurance Law took effect, foreign investors started ploughing capital into their Indian joint ventures, raising their equity holdings.

The long pending demand of insurance players for raising the Foreign Direct Investment (FDI) cap to 49% was fulfilled this year leading to greater flow of foreign funds into India’s private joint ventures […]

By |January 5th, 2016|General Insurance, Health Insurance, IRDA, Life Insurance|0 Comments

Government working on universal health insurance scheme: Jayant Sinha

5 December 2015

NEW DELHI: Emphasising that low cost of transaction is key to success of digital financial inclusion goal, Minister of State for Finance Jayant Sinha said government is also working on universal health insurance scheme similar to other social security scheme.

“We are solving access problem with social security open architecture…We can now load whole […]

By |December 5th, 2015|Health Insurance|0 Comments

Swiss Re finds big gaps in insurance coverage

September 22, 2015

Global reinsurer Swiss Re has found big gaps in insurance coverage (pure protection) in Indian households. The mortality protection gap report for Asia Pacific by Swiss Re has found that the gap in India was $8,555 billion in 2014.

Clarence Wong, head of economic research and consulting, Asia Pacific, Swiss Re, said while there […]

Foreign reinsurance players interested in India: Swiss Re

Sep 21, 2015

Several foreign players in reinsurance are looking to enter India and that is the word coming from Swiss re’s Chief Economist, Kurt Karl. The Indian re-insurance market has been dominated by government-owned general insurance corporation for long. Even a hike in the foreign direct investment (FDI) cap for insurance to 49 percent hasn’t changed […]

Life insurers’ new premium grows by 13.8% in April-August period

September 22, 2015

Life insurers collected first year premium of Rs 45,871 cr during April 1, 2015 to August 31, 2015 for the period as compared to Rs 40,296 cr. New business premiums of life insurance companies saw a 13.8 per cent rise for the period between April 1 and August 31, 2015, on the back of […]

Indian Companies are under-insured

September 2, 2015

India Inc is inadequately covered for business-related risks. A survey conducted by ICICI Lombard said that revealed that despite being aware, corporations have taken insurance coverage for only a few risks. Group medical insurance and group accidental insurance is the most common cover.

The study, spread across 292 companies spanned technology, BFSI, steel, cement, pharmaceutical, […]

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