-The Times of India BENGALURU: Insurance regulator IRDAI on Friday came out with new rules that will have widespread ramifications for health insurers and the general public. Insurers henceforth cannot decline coverage to those who have used opioids or anti-depressants. Nor can they exclude those with a history of clinical depression, personality disorders, sociopathy, psychopathy, or neurodegenerative disorders. They cannot exclude kids suffering from development disorders such as Down’s syndrome, cerebral...

-The Hindu Business Line Tech must be used in a big way to ensure ryots get compensated quickly, says National Insurance Academy’s Srinivasan Changing rainfall patterns, droughts, flooding and geographical redistribution of pests and diseases have posed a major challenge before Indian agriculture. With the impact of climate change looming large on agricultural productivity, the insurance sector has a big role to play. However, the implementation of crop insurance scheme is mired...

-The Hindu Business Line However, it may be accepted as one of the proof documents if the customer volunteers Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to refrain from seeking Aadhaar from the proposer or policy holders. In a circular, the insurance regulator said along with Aadhaar, insurers should not mandatorily seek PAN/Form 60 as part of Know Your Customer (KYC) norms. However, the insurers may accept...

-The Indian Express According to the annual report of the Insurance Regulatory and Development Authority of India (IRDAI), as much as Rs 11,905.89 crore was collected by 11 private sector insurers as premium, but they faced insurance claims of only Rs 8,831.78 crore. Mumbai: ELEVEN private insurers are set to register profits of over Rs 3,000 crore cumulatively from crop insurance business for the year-ending March 2018 as against the Rs...

-TheWire.in The Ayushman Bharat scheme provides support to the most deprived portion of India’s population and engages private insurance players, positive steps that must be welcomed. In his speech on the 72nd Independence Day this year, Prime Minister Narendra Modi remarked that India’s economy, once a sleeping elephant is now running. The same cannot, however be said about the healthcare system of India. This elephant is malnourished, weak, diseased and lumbering at...