InsuranceLiterature

Insurance Distribution through online channel – Challenges and Opportunities

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online channel www.insuranceliterature.in

Distribution methods of Insurance products are rapidly changing. This is because of technology changes & consumer change along with it. The vast expansion of internet is causing a major shift in insurance purchase. Insurance distribution is not simply about pushing product but with it brings exotic methods of managing risk. During distribution relationships and trust … Read more

Job opportunities for Medical professionals in Health Insurance sector

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Jobs in health insurance sector

Many medical professionals are now getting in healthcare sector and making their way to high peaks. Health insurance is emerging as the most important segment in the insurance sector. Medical professionals play a vital role in various areas in health insurance companies like; verification of claim payments against health insurance coverage, medical underwriting of the … Read more

Key Updates in Health Insurance Guidelines

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IRDAI guidelines

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced significant amendments to the existing regulations governing health insurance, mentioned below are details; 1. Reduction in Pre-existing Disease (PED) Waiting Period IRDAI has reduced the maximum waiting period for covering pre-existing diseases in health insurance from 4 years to 3 years. Policyholders can now … Read more

Life, health, property insurance bundled in one product

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The Insurance Regulatory and Development Authority of India (IRDAI) has reportedly set the pricing for ‘Bima Vistaar,’ a comprehensive insurance product covering life, health, accidental damage, and property. Priced at Rs 1,500 per policy, it targets residents in rural areas of the country. Click below link to read the news – https://www.google.com/amp/s/www.financialexpress.com/money/bima-vistaar-priced-at-rs-1500-life-health-property-insurance-bundled-in-one-product-know-full-features-and-benefits-3474048/lite

No age bar while purchasing insurance: IRDAI

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Insurance News

In the past, insurance eligibility was limited to individuals under 65 years old, leaving many senior citizens, who typically require healthcare the most, without coverage. However, with the removal of this age restriction, even the elderly can now access cashless insurance benefits, although premiums for this demographic might be higher. This policy shift is poised to significantly assist those in need of medical insurance, encompassing children, maternity cases, and senior citizens, thereby fostering healthier lives for numerous individuals. It represents a commendable step that aligns with public interests, enhances the longevity and well-being of our citizens, and advances comprehensive insurance coverage.

Click below link to read the complete news:

https://www.thehindu.com/sci-tech/health/irdai-decision-to-remove-age-bar-on-health-insurance-purchases-will-improve-access-for-seniors-hospitals-say/article68087788.ece

IC 46 General Insurance Account’s preparation & Regulations of Investments – Study Tips

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This article provides insights of the subject for the candidates appearing for Associateship (Non-Life) examination conducted by Insurance Institute of India. This exam basically deals with financial accounting and investment regulations. With regards to financial accounting; candidates appearing for the IC 46 examination should be well versed with scope, concepts, principles & standards of accounting. … Read more