The FinTech Hub
Source: Live Mint In a recent Ombudsman ruling concerning litigation with an insurer, my claim was limited to 25% based on the policy’s terms and conditions for Bevacizumab used in my cancer treatment under ‘coverage for modern treatment or procedures.’ I am seeking clarification on how the term ‘modern’ is defined in this context? Is…
Source: Live Mint Insurance grievances can be frustrating, especially when your claim is rejected, delayed, or unresolved. To help individual policyholders resolve such issues efficiently and cost-effectively, the Government of India introduced the insurance Ombudsman scheme. This impartial mechanism addresses complaints without the need to go to court. Currently, there are 17 insurance Ombudsman offices…
Source: Live Mint My wife has been diagnosed with Glioblastoma (brain cancer). After surgery and radiation, her doctor has prescribed Temozolomide for five days as part of chemotherapy which will continue for 9 -12 months. Unlike other chemotherapy treatments that require hospitalization and allow for cashless claims, this medication—costing around ₹40,000 per month—does not require…
Source: Live Mint Read this | Can a high sum-assured Ulip offer better cover, returns? An index fund typically tracks a broad index, like the Nifty50 or NiftyNext50, without the need for an active fund manager to pick stocks. However, some index funds are designed with specific rules—known as “factors”—such as value, momentum, or growth,…
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…
