2+ mon, 1+ week ago (146+ words) Mumbai: India's insurance regulator IRDAI has officially announced the launch of its much-awaited digital platform "Bima Sugam'. This will make buying or renewing insurance as easy as buying things online. Whether it's life, health, motor, or any other insurance, users will be able to compare policies, buy them, renew them, and even make claims " all in one place. When Will Bima Sugam Be Available? What Exactly Is Bima Sugam? Bima Sugam is a one-stop digital platform for everyone connected to insurance " customers, companies, agents, and intermediaries. It will make the insurance process more transparent, simple, and connected across the entire industry. The platform is being supported by both Life Insurance Council and General Insurance Council. According to Prasun Sikdar, MD and CEO of Bima Sugam India Federation, 'Bima Sugam is our official gateway for the public and the insurance industry…...

6+ mon, 3+ week ago (265+ words) The cumulative enrollments under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) -- a life insurance initiative -- has surged by a whopping 699 per cent since 2016 New Delhi: The cumulative enrollments under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) -- a life insurance initiative -- has surged by a whopping 699 per cent since 2016, said the Union government on Friday, as the scheme marks a decade of launch. Calling it an "incredible growth" the government said it has secured millions of lives by providing social security and financial inclusion. Launched on May 9, 2015, PMJJBY addressed the dark reality that only about 20 per cent of India's population had any form of insurance coverage. The scheme was designed to make life insurance not only affordable but also accessible, doing away with traditional barriers such as high premiums, paperwork, or medical examinations. The policy is open to individuals…...

3+ week, 4+ day ago (216+ words) Mumbai: In a major step toward strengthening public healthcare access, the Maharashtra Cabinet on Tuesday approved a significant expansion of the Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY) and the Ayushman Bharat'Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). The number of diseases and medical procedures covered under the two state health insurance schemes will rise from 1,356 to 2,399. The expansion follows a detailed review by a government-appointed technical committee that assessed treatment packages under both the state and central schemes. The committee's recommendations were aligned with the National Health Authority's (NHA) standards before being cleared by the regulatory council and finally approved by the state Cabinet. High-cost Procedures Now Available For Free Hospitals will now receive performance-based incentives over and above the standard rate, encouraging quality and efficiency in patient care. Additionally, the regulatory council has been authorised to take policy decisions…...

4+ mon, 3+ week ago (345+ words) Mumbai: The Life Insurance Corporation of India (LIC), India's largest insurance provider, has launched two new life insurance plans to meet the growing demand for financial security and savings. These new plans are: - LIC's Nav Jeevan Shree (Plan 912) - LIC's Nav Jeevan Shree Single Premium (Plan 911) These plans were officially announced by Sat Pal Bhanoo, CEO and Managing Director (In-Charge) of LIC, on July 4, 2025. Nav Jeevan Shree " Regular Premium Plan Nav Jeevan Shree (Plan 912) is a regular premium plan that is ideal for young individuals who want to save gradually while also protecting their families. This plan allows you to: - Pay premiums regularly (monthly, quarterly, or yearly) - Build a guaranteed savings corpus - Enjoy life insurance cover throughout the policy term It's designed for people who want to secure their long-term life goals such as education, marriage, or retirement, while also being financially…...

6+ mon, 1+ day ago (490+ words) Planning for the future is important, especially when it comes to the financial security of your loved ones. One of the options is buying term insurance, which provides coverage for a specific period. But it is important to find the appropriate coverage and policy term, and for this, a term insurance calculator can be useful. The calculator may help you determine the premium that you have to pay depending on factors such as age, income, and preferred coverage. By using this calculator, you can make informed decisions that align with your financial goals and ensure financial protection for your family. This article discusses why using a term insurance calculator prior to purchasing a term insurance policy is necessary." Importance of Using a Term Insurance Calculator Before Buying Term Insurance" Here is how using a term insurance calculator before buying a…...

4+ week, 2+ day ago (533+ words) The National Consumer Disputes Redressal Commission (NCDRC) has dismissed two separate appeals filed by insurance companies, upholding the orders passed by State Consumer Commissions and directing the firms to compensate the insured parties. The NCDRC, while rejecting the appeals, observed that the State Commissions had delivered "well-reasoned orders," and there was no ground for interference. "After careful consideration of the orders of the State Commission, relevant records, and the contentions of the insurance companies, we are of the considered view that the State Commission has passed a well-reasoned order and we do not see any reason to interfere with its findings," the bench noted. HDFC Life Directed To Pay "25 Lakh To Policyholder's Widow In the first case, HDFC Life Insurance Company Limited had challenged an order of the Gujarat State Consumer Disputes Redressal Commission (SCDRC) that directed it to pay…...

3+ mon, 6+ day ago (235+ words) New Delhi: From September 1, thousands of policyholders of Bajaj Allianz General Insurance may lose access to cashless treatment in several top hospitals across North India. The Association of Healthcare Providers India (AHPI) has advised its 15,000 member hospitals " including Max Healthcare and Medanta " to suspend cashless facilities for Bajaj Allianz customers. Why hospitals are taking this step Hospitals allege that Bajaj Allianz has not revised reimbursement tariffs in line with rising healthcare costs. Instead, the insurer has been pushing hospitals to cut rates further, despite existing agreements having already expired. They also flagged unilateral deductions, delayed claim payments, and slow approvals for treatments and discharges. "Medical inflation in India is nearly 78 percent every year due to rising staff costs, medicines, utilities and overheads. Continuing at outdated rates is unsustainable and may hurt patient care," said Dr. Girdhar Gyani, Director General of…...

2+ mon, 1+ week ago (343+ words) Addressing newspersons here on Monday, chief minister Bhagwant Mann said that the scheme will be rolled out in Tarn Taran and Barnala districts from September 23, as a pilot where the government would be holding 128 camps each for the purpose. Mann said that this is a first of its kind scheme launched for the welfare of the people in the state. Punjab Govt To Launch "10 Lakh Cashless Health Insurance Scheme From September 23 Addressing newspersons here on Monday, chief minister Bhagwant Mann said that the scheme will be rolled out in Tarn Taran and Barnala districts from September 23, as a pilot where the government would be holding 128 camps each for the purpose. Mann said that this is a first of its kind scheme launched for the welfare of the people in the state. Chandigarh: The Punjab Aam Aadmi Party (AAP) is all…...

3+ mon, 1+ week ago (329+ words) Chennai: Royal Sundaram General Insurance Co. Limited, India's first private sector general insurer, today celebrates a significant milestone - 25 years of serving customers with protection, care, and innovation. In these two and a half decades, Royal Sundaram has protected more than 2 crore customers across motor, health, travel, home, and commercial insurance. Behind the numbers lies a simple promise: to stand by customers when they need protection the most. For many, Royal Sundaram means: " Trust and heritage " backed by the Sundaram Finance Group's values and Ageas's global expertise. " Simplicity " insurance that is easy to buy, renew, and claim when there is a need. " Care " transparent products designed to safeguard what matters most. " Digital convenience with a human touch " technology that empowers, supported by people who listen and respond. Mr. Harsha Viji, Vice Chairman, Sundaram Finance, said: "Royal Sundaram's 25-year journey reflects the…...

2+ mon, 1+ week ago (829+ words) IRDAI is launching the Bima Sugam portal, where people can easily buy, compare, renew, and claim insurance policies online. It promises more ease, trust, and transparency in the insurance world. Tired Of Confusing Insurance Options? Now Take Full Control With The Bima Sugam Portal! IRDAI is launching the Bima Sugam portal, where people can easily buy, compare, renew, and claim insurance policies online. It promises more ease, trust, and transparency in the insurance world. Mumbai: Insurance has always been an important part of our lives. People buy insurance to protect themselves and their families from future money problems. But buying insurance has often been a confusing and stressful process. Many people find it difficult to understand the terms, compare different options, or complete the paperwork. Now, imagine if buying insurance could be as simple as buying something online " just a…...