Insurance

Many insurers have been refusing to renew Corona Kavach and Corona Rakshak insurance policies (the special COVID-19 policies) launched in 2020 to provide a cover for hospital treatment. Taking a serious note of the refusals by insurers, the Insurance Regulatory and Development Authority of...
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  • Since the Trump administration deregulated the health insurance industry, there’s been an explosion of short-term plans that leave patients with surprise bills and providers with huge revenue.   In the spring of 2019, Cory Dowd suddenly found himself without health insurance for the...
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  • With complaints of life and non-life insurers not selling or renewing standard coronavirus specific health insurance policies Corona Kavach and Corona Rakshak, the Insurance Regulatory and Development Authority of India (IRDAI) has advised the former not to deny the risk cover.   In a...
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    Life Insurance Corporation of India (LIC) has given several relaxations in various claim settlement requirements to make the processes easier and hassle-free, keeping in view the safety of its customers amid the pandemic.   The state-run insurer said that to facilitate speedy...
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  • The Insurance Regulatory and Development Authority of India (IRDAI) has issued the framework for a standard domestic travel insurance product, to be called “Bharat Yatra Suraksha”.   The policy will provide coverage for hospitalisation expenses, death, permanent complete or partial...
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