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.
The Delhi government started COVID-19 testing for mediapersons from Wednesday after 53 journalists tested positive for the novel coronavirus in Mumbai.
Deposit insurance coverage will be enhanced from Rs 1 lakh to 5 lakh per depositor
The government wants to bring in reforms but it has given no hint of reducing the role of private insurance. The actuarial private insurance can never alleviate farmers' woes. What is needed is a scheme which makes the public expenditure efficacious, and which increases the farmers' incomes.
As per the McKinsey Global Institute report 2017, there is 43% of automation potential for insurance and finance industries. It is also estimated that by the year 2025, up to 25% of the task force in the insurance industry may be merged or replaced, especially in operations and administrative support. Currently, the insurance industry is looking at use cases for intelligent automation that will uplift the efficiency of the current processes and reduce the operational costs at the same time.
Studies show the society at large is still reluctant when it comes to buying insurance for women
