After eight-year moratorium all health insurance claims to be paid, says IRDAI Once you have paid premiums for a health insurance policy for eight years continuously, your insurer will have to pay all claims as per the policy limits from April 1, 2021 onwards. Insurance Regulatory and Development Authority of India (IRDAI) in its guidelines...
Insurers get 9,700 claims worth Rs 150 crore for Covid-19 General insurers have received over 9,700 claims amounting to Rs 150 crore over Covid-19. The data from General Insurance Council shows that as on June 6, 2020, around 5,600 claims have been registered only in Maharashtra. Participants in the non-life insurance industry believes that given the...
Future Group looks to exit all its insurance businesses Future Group has held discussions with private equity fund True North, Sunil Munjal-promoted Hero Corporate Services and Azim Premji-promoted private equity fund PremjiInvest to sell off its promoter holding in the two insurance subsidiaries Kishore Biyani-promoted debt-laden Future Group is planning to exit both its general...
Projects worth Rs 21.11 lakh cr at a standstill in red zone districts: Report While the government has relaxed lockdown norms, as many as 8,917 projects worth over Rs 21.11 lakh crore across various sectors under execution in 108 red zone districts are at a standstill even now, a survey said. When the government announced...