Health Insurance

LIC Eyes Health Insurance Market With Strategic Acquisitions August 12, 2024 LIC, with more than 1.41 million agents, has one of the largest agency forces globally.

INDIA Bloc Protests Against GST on Health, Life Insurance Premiums August 7, 2024 The protest marks the first joint opposition action against GST rates on a specific service, underscoring the critical role of insurance for the middle and lower-middle classes.

33 Major Health Insurance Companies Boarded NHA’s NHCX Platform July 16, 2024 Other major players already available in the NHCX platform include Aditya Birla Health Insurance, Star Health and Allied Insurance, Bajaj Allianz Insurance, among others.

LIC Eyes Entry into Health Insurance Market Amid Record Dividend Payout May 28, 2024 The government and regulatory authorities are keen to expand health coverage, and LIC's potential entry into the health insurance market is anticipated to support this initiative.

IRDAI to Announce Major Reforms in Health Insurance Sector May 9, 2024 The council is also working to extend the reach of insurance in underserved areas, with a particular emphasis on closing the protection gap and improving insurance access through rural and social targets for insurers.

LocalCircles’ Survey Reveals 43% Health Insurance Policyholders Faced Difficulties May 6, 2024 The report also found that a significant number of health insurance claims in India were either partially approved or outright rejected.

Healthcare Data Firm Innovaccer Likely to Raise Close to $250 Mn from Kaiser: Report May 2, 2024 Reportedly, the secondary funding by Kaiser in Innovaccer will be at a lower valuation and the blended valuation would be around $2.5 billion.

Healthcare Insurtech Startup FlashAid Bags $2.5 Mn in Pre-Series A Funding Round April 26, 2024 By creating a channel for retail health plan distribution via a B2B2C platform, FlashAid seeks to democratize access to health insurance and promote health equity in India.

IRDAI Removes Health Insurance Age Limits Offering Big Relief to Senior Citizens April 22, 2024 The insurance regulator stated that all pre-existing conditions should be covered after 36 months, irrespective of whether the policyholder initially disclosed them or not.

IRDAI Unveils Draft Regulations For ‘Bima Sugam’-One Stop Platform for Insurance Stakeholders February 15, 2024 Bima Sugam will operate on a consent-based architecture, ensuring that consumers are not charged for availing services through the online platform.

General Insurance Council Unveils Cashless Hospitalisation Facility to Policyholders January 25, 2024 Starting today, the policyholders will no longer have to bear the financial burden of treatment out of their pockets as per the ‘Cashless Everywhere’ initiative.

Medi Assist Kicks off 2024 with INR 1172 Cr IPO; Sets Price Band at INR 398-417 Equity Share January 11, 2024