-The Economic Times The elderly will find it hard to buy health insurance with the public sector insurers bringing down agent commissions by more than a third for policies sold to those over 55. Companies with high claims, too, will find it difficult to get agents to service them as group policies where claims exceed premium will not be eligible for commission. The new commission structure that is effective from this month...
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Insurance hope for 10 lakh BPL families -Amit Gupta
-The Telegraph The state government is trying to work out a health insurance scheme to cover 10 lakh families living below the poverty line who do not benefit from the Centre’s Rashtriya Swasthya Bima Yojana (RSBY). At present about 25 lakh BPL families qualify for benefits under the central scheme while there are more than 35 lakh BPL families in the state according to a survey conducted a couple of years ago. The...
More »16,000 ‘illegal’ hysterectomies done in Bihar for insurance benefit -Santosh Singh
-The Indian Express Patna: Over 16,000 hysterectomies (surgical removal of the uterus), most of them “unnecessary”, have been reported at private hospitals across Bihar during the last one year allegedly to “avail insurance benefit” under the Rashtriya Swasthya Bima Yojna. The RSBY was launched by the Centre in April 2008. Preliminary investigation by Samastipur, Madhubani and Chhapra district authorities, which reported the maximum number of complaints, showed 10,000 hysterectomies took place in these...
More »Chhattisgarh set to become first state to offer health insurance cover for all-Amiti Sen
-The Economic Times Chhattisgarh is set to become the first state to extend health insurance cover to all its unorganised sector workers, a step that will not only make healthcare accessible to all but also set a model for other states to follow. The state has offered to pay the Insurance Premium from October 1 for all those not covered under the Centre's flagship health insurance scheme-the Rashtriya Swasthya Bima Yojna (RSBY)....
More »Farmers increasingly using weather insurance to mitigate risks from climate change-Rituraj Tiwari
-The Economic Times NEW DELHI: More farmers are using weather insurance to mitigate risks from climate change. Top two weather insurers -- Agricultural Insurance Corporation (AIC) and ICICI Lombard -- say business is growing at 25% annually and now covers more than 200 districts across 21 states. "The growth has been so spectacular over the past five years that as many as 12 million farmers, growing crops on over 15 million hectares...
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