Rising Covid claims push up group health covers’ cost by 40%

Small business owners are realising that the Employees’ State Insurance Corporation (ESIC) programme under which they are covered is inadequate and are opting for commercial group cover.

Original source: https://health.economictimes.indiatimes.com/news/insurance/83767636?utm_source=RSS&utm_medium=ETRSS

Irdai bars widening of health covers if premiums increase

The Insurance Regulatory and Development Authority of India (Irdai) has said that insurers cannot make any significant changes in coverage of health insurance policies that result in an increase in premium.

Original source: https://health.economictimes.indiatimes.com/news/insurance/81561118?utm_source=RSS&utm_medium=ETRSS

Irdai sees demand for new covers in wake of pandemic

The regulator is considering the formation of an Indian pandemic risk pool with contributions from the country’s insurers and reinsurers. A pandemic pool is required to cover risks because international reinsurers do not provide pandemic cover.

Original source: https://health.economictimes.indiatimes.com/news/insurance/81584916?utm_source=RSS&utm_medium=ETRSS