The FinTech Hub
Source: Live Mint I purchased a term plan in February 2021. I had mentioned my eye treatment and provided an MRI brain report, which was normal. I forgot to mention that I underwent a routine endoscopy in 2019, which was normal, too. My medical examination before the proposal was accepted was fine. I’ve been paying…
Source: Live Mint What if your premiums remain the same if you don’t make a claim? A few insurance companies are offering exactly this with premium lock-in options. This will freeze your premium amount until you make a claim or reach a certain age. Some products that provide this option include Niva Bupa Reassure 2.0,…
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: Live Mint The company suffered a severe hacking episode last month in which a hacker using the alias “xenZen” created a website and Telegram chatbots to leak its policyholders’ sensitive personal data from names, phone numbers, email IDs, addresses to financial and health information. The hacker said Star Health’s chief information security officer Amarjeet…
