Month: June 2020

Health insurance: Pre-existing diseases rules changed, to benefit policyholders

The insurance regulator, IRDAI has changed the rules regarding ‘Pre Existing diseases’ for health insurance purposes in a circular dated 10th February 2020. This move will benefit many customers and will bring down the rate of rejection of claims of customers based on pre-existing diseases. The regulator wants to standardise the exclusions in health coverage …

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Based Plans Needed for Vehicle Floater & Group Health Plans

In its bid to increase the penetration of insurance in India, the Insurance Regulatory and Development Authority of India (IRDAI) has approved a total of 33 proposals for coming of age and innovative financial products under regulatory sandbox. Regulatory Sandbox initiative is meant to help Fintech companies to innovate products and test them commercially without …

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