Heena Sharma Blog

The new business premiums of life insurance companies declined 32 per cent in the month of March, owing to the disruption caused by the spread of coronavirus (Covid-19) and the subsequent lockdown enforced by the government to contain its spread. For the month of March, the new business premiums of life insurance companies stood at Rs 25,409 crore compared to Rs 37,459 core in March 2019. The private life insurers, 23 in total, saw their new business premiums decline by 34.21 per cent in March 2020 at Rs 8,342 crore compared to Rs 12,682 crore in the same period of the last financial year. Similarly, state-owned life insurance behemoth – Life Insurance Corporation (LIC) – saw its premiums decline by 31.11 per cent in the reporting month. In March 2020, it collected new business premiums to the tune of Rs 17,066 crore compared to Rs 24,776 crore in March 2019. Read More

Now, 'Star Cardiac Care' will offer customers access and a cover for all day-care procedures Current Affairs News : Start   Health   and Allied Insurance company has revised the premium rate(s) for its 'Star Cardiac Care' insurance policy, allowing customers to avail of the policy at a lower rate depending on their age. The premium rates have been lowered by around 28 to 40 per cent, depending on the underwriting characteristics of the insured, and will continue to cover hospitalization for cardiac ailments or diseases, accidents,   cardiac surgery and other (non-cardiac) ailments, as well as outpatient medical expenses and personal cover for accidental death. Unfortunately many people in the country do not get access to an   insurance policy   which covers all of the above services. While heart disease is a rampant problem in the country, people on numerous occasions have got rejected when buying a health-insurance policy, as they suffer from a pre-ex