Health premium growth jumps, but coverage lags

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Despite a high growth of 22% in premium numbers, health insurance penetration in India is growing at a slow pace. The number of lives covered under individual policies increased by 2.5% to 528.9 lakh in March 2023 – down from March 2021 levels. Overall, the number of lives covered under health insurance, including group business, … Read more

National Australia Bank eyes business credit in soft home loan market

NAB shares rose 0.8 percent at mid-session, in line with the broader market, as analysts praised the business unit’s performance, but noted that NAB’s mortgage lending exposure and rising outstanding balances could create headwinds. Are. The country’s top commercial lender, National Australia Bank, said profit excluding home loans rose in the September half while inflation … Read more

Health insurance claim reform: Cashless treatment at any hospital may be a reality next year

Often health insurance policyholders have to go for urgent treatment to a hospital that is outside the network hospitals due to the cashless facility offered by their insurers. In such cases, they have to pay the full amount of treatment and then go through the cumbersome claim process for reimbursement. To ease the hassles faced … Read more

Lawyer analyzed US$2.6 billion DCM lawsuit against Hill’s Pet Nutrition

The lawsuit alleged that Hill’s and a group of veterinarians worked together to manipulate the FDA into examining the possibility that certain grain-free dog foods increased pets’ risk for the potentially deadly heart disease, dilated cardiomyopathy. More than a year has passed since the United States Food and Drug Administration (FDA) announced that the agency … Read more

You can put a price tag on the value of a personal finance education

Taking a financial education class in high school does pay off. In fact, there is a lifetime benefit of roughly $100,000 per student from completing a one-semester course in personal finance, according to a recent report by consulting firm Tyton Partners and Next Gen Personal Finance, a nonprofit focused on providing financial education to middle and high school students. Much of … Read more

Life insurance companies paid over Rs 42,000 crore as commission in FY 2022-23: Irda report

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The Insurance Regulatory and Development Authority of India (IRDAI) has released its annual report for the financial year 2022-23. According to the report, life insurance companies paid a total commission of Rs 42,322 crore during the financial year 2022-23. Commission expense increased slightly from 5.18% in FY 2021-22 to 5.41% in FY 2022-23. The percentage … Read more

LIC is paying 27% as commission from first-year premium

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LIC is paying 27% as commission Irdai has released its annual report today. The report highlights the fact that how much commission life insurance companies pay to their agents. The report further said that despite the increase in commission payments, there has been no significant increase in premium growth. Read on to know more. The … Read more

Only 12,500 claims in 10 years under PMJDY accident insurance cover

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Data shows that only a small portion of beneficiaries of accident insurance cover under the Pradhan Mantri Jan-Dhan Yojana (PMJDY) have claimed since the scheme was launched a decade ago. According to Finance Ministry data, only 12,539 claims have been received since April 1, 2014. Notably, the total number of RuPay debit cards issued to … Read more

Amrit Bharat Express fare revealed: Higher than normal, no concession on ticket

Union Minister Ashwini Vaishnav inspected the soon to be launched Amrit Bharat Express train at New Delhi Railway Station. Vaishnav also informed that Amrit Bharat Express will use push-pull technology for faster average speed. Now the Railway Board has revealed the fare of Amrit Bharat Express train in a new circular. According to the circular, … Read more

IPL Auction 2024 Live Updates: Final round of bidding begins after Starc’s record buy, uncapped Indians make heads turn

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IPL Auction 2024 Live Updates:  There were questions of whether the ₹20 crore mark could be breached today and Pat Cummins and Mitchell Starc both dashed past that. Australian captain Cummins, who has had a golden year, capped it off by fetching a price of ₹20.50 crore, with Sunrisers Hyderabad breaking the bank for the fast bowler. His … Read more