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Is Health insurance policy portability possible

Yes. At last Health Insurance portability is possible. Talks on this portability have been on for some time now. It goes without saying that this will bring great relief to dissatisfied health insurance policy holders. Insurance Regulatory and Development Authority (IRDA) on Thursday the 10th of February 11, has allowed them portability that is, shifting […]

You Can Switch Health Insurance Policy from July 1

In a big relief to dissatisfied health insurance policyholders, sectoral regulator Irda on Thursday allowed them portability — shifting policies from one insurer to another on same terms — from July 1. “The regulator has examined different issues involved in the portability of  health insurance plan and has issued essential orders for effecting portability which […]

Third-party agents | Irda tightens norms

Move to contain industry growth, say insurers. The Insurance Regulatory and Development Authority (Irda) on Wednesday announced firm guidelines on agents servicing third-party policies. It has linked the norms to their past presentation and the number of years of experience. The regulator on Wednesday said the total amount collected by agents for a given financial […]

Rules to handle more than one health policy

Recent statistic shows that due to shooting healthcare costs and increasing awareness people are buying health insurance policies. Many buy a separate plan despite being covered by their employers under group medical health policies as this ensures coverage in case of job loss or while switching jobs. Tips to manage multiple policies It is indeed […]

New Plan by Max New York Life Insurance

In line with the recent wave of insurance plan launches, Max New York Life has introduced a new Ulip (unit-linked insurance plan) – Flexi Fortune – in the market. Premium Paying Term: The limited pay plan offers three choices in terms of premium paying tenure – one can opt for either a 5-pay-10-year term, 10-pay-15-year-term […]