The FinTech Hub
Source: Live Mint After a backlash on social media over HDFC Ergo walking back on its promise to return cash to customers who bought Apple Watches under its India Gets Moving initiative, the company has started making payments based on their step-counts. The insurer said it had rejected claims of only those who allegedly manipulated…
Source: Live Mint New Delhi-based Rahul Kumar’s 67-year-old father was diagnosed with liver cancer that needed an advanced palliative treatment called Transarterial Radioembolization (TARE). Kumar’s brother had a corporate policy with a private insurer. However, during pre-authorisation, the company refused to approve the claim, saying, “TARE is an advanced procedure which is not covered under…
Source: Live Mint Every year, countless Indians find themselves entangled in the complexities of third-party motor insurance claims. Unfortunately, the current system relies heavily on the judicial process for settlement and cases often drag on for at least four years on average before they are resolved in a Motor Accident Claims Tribunal (MACT). This prolonged…
