The insurance industry has been grappling with rising claims following the second wave of Coronavirus. Coupled with rising health insurance premiums, it has emerged as one of the burning issues for the general insurance companies. Roopam Asthana, CEO & Whole Time Director, Liberty insurance, discusses about industry measures to tackle the issue of rising premiums, […]
Author Archives: Deepa Nair
10
Mar
Mar
Shriram Life Insurance is well known for its reach in India’s hinterland and tier 3 and tier 4 towns. About 45 percent of its policy buyers are from rural areas and the company has the lowest average premium in the industry at about Rs 18,000. In a year adversely impacted by COVID-19, Shriram Life is […]
08
Mar
Mar
A majority of Indian women in India are not covered by a life insurance policy or are heavily underinsured. According to the insurance regulator IRDAI’s annual report, the share of women in the year 2019-20 has decreased to 32 per cent in number of policies and 34 per cent in First Year Premium compared to […]
05
Mar
Mar
Vaccine not covered under health insurance Indian corporates such as Reliance Industries, State Bank of India (SBI), Accenture, Infosys, Tata Consultancy Services (TCS) & RPG Group among others are in the race to inoculate their employees and their families. On March 2, the government opened up vaccine distribution to private hospitals, which has led to an […]
24
Feb
Feb
When 34-year-old Mukund Narayan, employed with a leading global tech company, lost his job to the global downsizing at his company, he found himself without any health insurance cover as well. And when he and his wife unfortunately got infected with the Coronavirus, they were forced to shell out money Rs6 lakh for their 20-day stay […]
