July 26, 2021 7:16 am
This year, life insurance Covid claims have seen a jump of 4-5 times when compared to the last year. “As a result, insurance companies have experienced losses, with even big ones that were making profits for 10 years in a row. Health claims have also shot up with the Covid second wave hitting insurers hard,” said an insurance source.
July 17, 2021 8:51 am
“The insurance companies have been rejecting the claim of the Covid patients all over the state, citing “unnecessary” hospital stay on completely arbitrary and frivolous grounds,” he claimed.
January 27, 2014 4:32 am
Most insurance claims are rejected due to non -disclosure of material facts at the time of signing the contract.
February 23, 2012 1:42 am
People: Govt now says womens marital status shouldnt matter when it comes to bureaucracy
January 06, 2012 12:56 am
After allowing portability under health insurance in 2011,insurance regulator Irda is soon coming up with a separate health insurance claims settlement regulation
June 06, 2011 3:34 am
Antony Jacob,CEO of Apollo Munich Health Insurance believes that a robust IT platform and knowing details of the customer at the proposal stage helps reduce chances of claims rejection later.