Health Insurance

IRDAI to Announce Major Reforms in Health Insurance Sector May 9, 2024 The council is also working to extend the reach of insurance in underserved areas, with a particular emphasis on closing the protection gap and improving insurance access through rural and social targets for insurers.

LocalCircles’ Survey Reveals 43% Health Insurance Policyholders Faced Difficulties May 6, 2024 The report also found that a significant number of health insurance claims in India were either partially approved or outright rejected.

Healthcare Data Firm Innovaccer Likely to Raise Close to $250 Mn from Kaiser: Report May 2, 2024 Reportedly, the secondary funding by Kaiser in Innovaccer will be at a lower valuation and the blended valuation would be around $2.5 billion.

Healthcare Insurtech Startup FlashAid Bags $2.5 Mn in Pre-Series A Funding Round April 26, 2024 By creating a channel for retail health plan distribution via a B2B2C platform, FlashAid seeks to democratize access to health insurance and promote health equity in India.

IRDAI Removes Health Insurance Age Limits Offering Big Relief to Senior Citizens April 22, 2024 The insurance regulator stated that all pre-existing conditions should be covered after 36 months, irrespective of whether the policyholder initially disclosed them or not.

IRDAI Unveils Draft Regulations For ‘Bima Sugam’-One Stop Platform for Insurance Stakeholders February 15, 2024 Bima Sugam will operate on a consent-based architecture, ensuring that consumers are not charged for availing services through the online platform.

General Insurance Council Unveils Cashless Hospitalisation Facility to Policyholders January 25, 2024 Starting today, the policyholders will no longer have to bear the financial burden of treatment out of their pockets as per the ‘Cashless Everywhere’ initiative.

Medi Assist Kicks off 2024 with INR 1172 Cr IPO; Sets Price Band at INR 398-417 Equity Share January 11, 2024

Narayana Health Gains IRDAI Approval to Launch Health Insurance Subsidiary January 8, 2024 The announcement positions Narayana Health Insurance Limited as India's sixth standalone health insurance company, contributing to the growing landscape of health insurers. Further, the company's stock price witnessed a boost, reaching INR 1217.75, a 3.07% increase.

Cigna in Talks for Mega Merger with Humana: Potential $60 Billion Deal Faces Antitrust Scrutiny November 30, 2023 The merger, if successful, would position the combined entity to compete more effectively against major US health insurance players, including UnitedHealth Group (UNH.N) and CVS Health.

Health Insurance is the Best Tool to Spread Out Large Lump-Sum Payments over a Long Period of Time: Viren Shetty, Narayana Health September 30, 2023

Star Health & Allied Insurance Introduce UPI Payments for Policy Transactions September 18, 2023 Star Health and Allied Insurance have introduced a user-friendly payment option using UPI QR codes for policy purchases and renewals, simplifying the customer process.