|
The
Insurance Regulatory and Development Authority (Irda) on Wednesday said
it would soon come up with norms to prevent arbitrary increases in
renewal premiums on health policies. It added insurance companies often
raised premiums when policies under which benefits were claimed were due
for renewal.
“We have seen if a party makes a claim in a ghttp://www.myallagents.com/Checks-on-rise-in-health-insurance-renewal-premium-in-the-pipeline/details.html
|
|
Parents and grandparents looking
to save for their children/grandchildren's future have been the biggest
targets for life insurance companies. The next in line are those 10-15
years away from retirement. In the recent past, life insurers have
started focusing on women and have come up with products catering to
women-specific needs, specially health-related.
|
The Insurance Regulatory and Development Authority (Irda) will soon develop a mechanism for faster approval of insurance policies and encourage companies to come out with low premium products for increasing insurance penetration, a senior government official said today.http://www.myallagents.com/Irda-to-develop-mechanism-for-faster-approval-of-policies/details.html
|
