SBI General Insurance has announced a revision in premium rates for select health insurance products, effective February 1, 2025. The revised rates respond to evolving healthcare needs and regulatory shifts aimed at improving access to health insurance benefits, the company said.
The House discussed the Finance (No 2) Bill, 2024, moved by Finance Minister Nirmala Sitharaman, along with the Union Budget, 2024-25.
Amending the insurance laws, introduction of open architecture for insurance agents, review of regulations relating investments distribution
The Prime Minister also mentioned that she does not want insurance companies to earn a bad name.
The report suggested a comprehensive product designed for this section to counter the absence of economical health insurance policies as they are unable to afford the existing.
Increasing FDI limits in insurance has been a longstanding demand of the United States where most of the big insurance majors are situated.
The importance of life insurance and continued coverage during a pandemic is paramount. A robust life insurance policy can therefore be the first brick of your financial foundational ground.
The AC also approved allotment and transfer of a piece of land up to 13 kanals to the Narcotics Control Bureau (NCB), at village Majeen Sidhra in Jammu, for construction of office building and residential complex.
It is mandatory for general and health insurers to provide the reimbursement-based standard COVID-19 product, while offering the benefit-based product is optional for all insurers.
IRDAI had on March 23 and April 4 announced an additional grace period of 30 days for policies where the premium was due in March and April.
