Insurance

I have physical, mental issues. Will it affect my ability to get insurance?

Q. I’m Sameer. Doctors have just diagnosed that my health condition involves both physical and mental issues. How will this impact my ability to obtain insurance? What are the options available when there is a complex dual diagnosis like mine? Those grappling with dual diagnoses do find it challenging to get health insurance cover. Existence of mental health issues may be viewed as a heightened risk factor when they…

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US agency urges interim payments for healthcare providers hit by UnitedHealth hack – ET HealthWorld

The U.S. government said on Friday it has urged states to make interim payments to healthcare providers that were hit by the cyberattack at UnitedHealth’s unit Change Healthcare. The Centers for Medicare & Medicaid Services’ (CMS) new guidance allows states to start making interim payments retroactively to the date when claims payment processing was disrupted due to the cybersecurity incident, the federal health agency said. CMS is reopening the…

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Preponing your return air ticket? Here’s when you can get a full refund

Let’s assume you are on a vacation with a full-planned itinerary. You are set to return home on a certain date, but due to some unavoidable reasons, you now need to return earlier. LiveMint talked to experts to understand under what circumstances a person who has taken travel insurance would be allowed to get a full refund of their return tickets. According to Manas Kapoor, business head of Travel…

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US officials urge UnitedHealth to expedite payments to providers – ET HealthWorld

Bengaluru: Officials from the U.S. government asked UnitedHealth Group to expedite payments to healthcare providers in an open letter on Sunday, after a hack of the insurer’s Change Healthcare tech unit crippled medical claims and payments. Officials from the U.S. Department of Labor and the U.S. Department of Health and Human Services urged UnitedHealth (UHG)to take “responsibility to ensure no provider is compromised by their cash flow challenges stemming…

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Your Questions Answered: Can I claim health insurance outside my hometown?

Q. I am Preetam Chandhok, a 36-year-old, Delhite, looking to purchase health insurance. Recently, one of my friends had a bitter experience where their health insurance didn’t provide coverage during a medical emergency in Shimla. This incident made me worried about the reliability of health insurance when travelling outside of my home city. I would like to know the process for using health insurance in such situations. Specifically, I’m…

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Life insurance shields over 70% of urban Indian women, survey reveals

According to the survey, financial protection levels among urban Indian women have achieved a milestone by surpassing the 40-point mark for the first time. This marks an increase from 33 to 41 points over the past six years. However, the financial protection levels of homemakers have experienced a slight decline, decreasing from 38 in IPQ 5.0 to 36 in IPQ 6.0, underscoring the importance of enhancing their financial well-being.…

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US to accelerate some payments to hospitals after UnitedHealth hack – ET HealthWorld

By Michael Erman NEW YORK -The U.S. government said on Tuesday it will accelerate Medicare and Medicaid payments to some hospitals hurt by a hack at insurer UnitedHealth’s technology unit Change Healthcare. The cyberattack on Change, disclosed on Feb.21, was perpetrated by hackers who identified themselves as the “Blackcat” ransomware group and has had a knock-on effect on players across the U.S. healthcare system. Disruptions triggered by the attack…

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Elephant.in launches a special Cancer Insurance Policy for women. Details here

Cancer poses a significant public health challenge in India, particularly affecting women. Statistics emphasize the rising incidence of cancer in India, with a disproportionate impact on women than men. There is a necessity for a heightened emphasis on preventive measures, such as adopting a healthy lifestyle, receiving vaccinations (e.g., HPV vaccine for cervical cancer), and undergoing regular screenings to facilitate early detection. Critical for timely diagnosis and treatment, particularly…

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Insurance for all by 2047: How will it benefit women

International Women’s Day 2024: The government initiative to make insurance coverage available to all of India will benefit women by addressing their unique needs and circumstances: Maternity Coverage: Maternity mortality rate in India has reduced substantially in the last 2 decades from over 500 per lack to 97 per lakh.1 This number is much higher for rural areas and some of the poor states where access to institutional birthing…

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Elephant.in launches Cancer Insurance Policy for women – ET HealthWorld

New Delhi: As cancer continues to pose a significant threat to public health globally, with India being no exception, it becomes imperative to prioritise preventative measures and provide accessible healthcare solutions. In response to the alarming statistics surrounding cancer incidence, particularly among women (who are now outnumbering men). Elephant.in has announced the launch of a comprehensive Cancer Insurance Policy, exclusively for women. While women have been suffering from different…

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ICICI Prudential Life’s recent campaign lends a new narrative to life insurance

ICICI Prudential Life Insurance has introduced its newest brand campaign, ‘Zimmedari lagey pyaari’ (responsibilities make life beautiful), reinforcing its dedication as a reliable partner to customers throughout their financial journey. This campaign seeks to redefine responsibility as an expression of both ‘Affection and Concern’. What sets this campaign apart is its focus on using thought-provoking visuals and narratives to highlight the multifaceted nature of responsibility. The campaign introduces a…

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Travel insurance: Curbing the risks as you globe-trot

While this may look like any other family vacation discussion, it highlights a transformational shift in the mindset of the Indian traveller. From the conventional beaches and mountains, vacations for the quintessential Indian have evolved to a more ‘experiential’ kind of travel. Sunita above is not alone.  According to an October 2023 report by online ticketing portal SkyScanner, 94% Indians are likely to participate in a trend called ‘set-jetting’…

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Why is looking at a life insurance company’s claims settlement ratio important?

This becomes apparent when examining the claim settlement ratios of different life insurance companies, with some showcasing exceptionally high ratios. This emphasizes both their commitment and capability to resolve claims raised by policyholders or their families. For those unfamiliar, the claim settlement ratio of a life insurance company, presented as a percentage, represents the proportion of claims settled by the insurance company about the total number of claims received.…

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Addressing Healthcare Affordability Challenges in Health Insurance in India – ET HealthWorld

New Delhi: As India strides towards progress, the healthcare sector is facing an unprecedented challenge – escalating costs. The intersection of advanced medical technologies, skyrocketing pharmaceutical expenses, and an aging population has posed a challenge that strains the healthcare system and negatively impacts health insurance premiums. Factors Contributing to Escalating Healthcare Costs The relentless growth in medical technology and innovation has undoubtedly improved patient outcomes, but it comes at…

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7 possible reasons for rejection of your health insurance claim

Although it is encouraging that an increasing number of individuals are pursuing health insurance, a deficiency in comprehension of policy details may result in issues in the future. Experiencing a denied health insurance claim can be a significant setback, causing financial and emotional distress, particularly when it arises from a failure to grasp the policy adequately. Numerous factors can contribute to the rejection of a health insurance claim. Here…

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‘Cashless Everywhere’ to get a boost after SC’s warning on standardising hospital charges – ET HealthWorld

New Delhi: Following a public interest litigation (PIL) filed by the NGO ‘Veterans Forum for Transparency in Public Life’ which brought major discrepancies in hospital rates to the Supreme Court (SC)’s attention, the apex court has asked the centre to standardise rates for medical procedures across all states. This decision came after the government acknowledged its unsuccessful attempts at getting states to respond to directives aimed at implementing these…

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How to negotiate lower health insurance premiums? – ET HealthWorld

In today’s world, it is evident that comprehensive health insurance is necessary to avoid high medical costs. It is still a dilemma among individuals that healthcare insurance is expensive, while there are many affordable ways to entail healthcare insurance policies in India. For instance, did you know that you could negotiate your way into lower healthcare insurance premiums? When renewing your coverage, using the appropriate negotiating tactics could result…

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What do IRDAI’s draft regulations on insurance policies mean for policyholders?

The document, named “Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests and Allied Matters of Insurers) Regulations, 2024″, brings together eight separate regulations into a unified and comprehensive framework. Extended free-look period The free-look period for reviewing policies will be extended to 30 days from the date of receiving the policy document, irrespective of the mode of acquisition. The noteworthy change of extending the free-look period…

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