The FinTech Hub
Source: Live Mint I have been diagnosed with diabetic retinopathy. The doctor recommends intravitreal injections over a few months. It’s a daycare procedure and doesn’t require hospitalisation. However, it is an expensive treatment. Will my health insurance cover the expenses? -Name withheld on request Insurance coverage for intravitreal injections, an essential treatment for diabetic retinopathy,…
Source: Live Mint My health insurance company has rejected my claim because I am unable to furnish internal hospital papers. I have submitted all the required documents. What are my options to ensure that my grievance is addressed fairly? —Name withheld on request If your insurance claim has been rejected due to lack of documentation,…
Source: Live Mint The Centre has appointed former Allahabad high court judge justice Mayank Kumar Jain as the second judicial member of the Securities Appellate Tribunal (SAT). Jain will serve a term of four years or until he reaches the age of 67, whichever comes first. The appointment was formalized through a notification issued by…
Source: Live Mint “My two claims got rejected in a span of one year. The ombudsman issued an award in my favour in the first one, but when they discovered that a company had helped me out in the first claim, they did not hear my case and passed the award against me in the…
Source: Live Mint Selecting an insurance plan can be a hassle. You need to choose the insurance company and then the insurance product. Certain ratios play a key role when comparing insurers. We list the best insurers in terms of different ratios, along with brokers’ ratings depicting their experience of working with insurers, based on…
Source: Live Mint Kerala-based Ajit Kumar (53) did the same despite having no issues with his existing insurer. A call from the online insurance broking platform Policybazaar nudged him to port the policy. “I had HDFC Ergo Optima Secure for the last 10-11 years, during which I never made a claim, but my premium had…
Source: Live Mint Stock market today: Insurance company shares, such as those of SBI Life Insurance Co. Ltd, HDFC Life Insurance Co. Ltd, and ICICI Prudential Life Insurance Co. Ltd, fell in Thursday’s session due to the Insurance Regulatory and Development Authority of India (IRDAI) concerns over the Bancassurance policy. However, the state-owned insurance giant…
Source: Live Mint Nitin Sawant, founder of NS Wealth, a Sebi-registered investment advisory firm, secured final approval from the Reserve Bank of India (RBI) on 28 October to launch an account aggregator (AA) platform under his new venture, OMS Fintech Account Aggregator. This initiative aims to provide a consumer-focused AA service. Sawant, who began his…
Source: Live Mint These modifications follow the Insurance Regulatory and Development Authority of India’s (Irdai) master circular on life insurance products (Insurance Products Regulations, 2024). Key changes include reducing the entry age to buy an endowment plan to 50 years from 55. The minimum basic sum assured has been increased to ₹2 lakh from ₹1…
Source: Business Standard 3 min read Last Updated : Oct 01 2024 | 2:03 PM IST From 1 October 2024, a policyholder will get a higher refund if he exits his life insurance policy during the initial years.This is expected to provide greater flexibility and liquidity for life insurance customers who want to switch policies….
