Irdai halves time to settle death claims by insurers – Times of India

MUMBAI: Insurance Regulator and Development Authority of India (Irdai) has tightened timelines for various services undertaken by insurance companies, aiming to enhance accountability and customer service.In life insurance, death claims…

Continue ReadingIrdai halves time to settle death claims by insurers – Times of India

GST on health & life insurance fetched Rs 21,000 crore in 3 years, government tells House – Times of India

NEW DELHI: Amid growing demand for a cut, if not removal, of GST on health and life insurance, government on Monday told Parliament that the levy fetched it Rs 21,256…

Continue ReadingGST on health & life insurance fetched Rs 21,000 crore in 3 years, government tells House – Times of India

SBI General Insurance: Cut in wait time for existing diseases to up costs – Times of India

MUMBAI: Regulator Irdai's decision to cut the waiting period for pre-existing diseases in health insurance from four years to three, starting from April 2024 will push up health insurance premiums,…

Continue ReadingSBI General Insurance: Cut in wait time for existing diseases to up costs – Times of India