Health insurance is a must-have financial aid in the status quo. It enables individuals to seamlessly address medicare expenses without denting their financial standing. It brings financial well-being and peace of mind to policyholders. However, at times, it becomes overwhelming…
Insurance marketing firms (IMFs) have played a key role in reshaping the insurance sector. From augmenting the market reach to supporting customers with decision-making, IMFs have emerged as a savior for most insurers in India. But what are the real…
When bad times take a toll, insurance products emerge as a savior, providing timely fiscal support. An ideal insurance product does not provide great coverage or added benefits; it is one that values the time of the policyholder through swift…
The Insurance Regulatory and Development Authority of India (IRDAI) came up with revised guidelines that reinforce improved transparency and empower policyholders to make informed decisions with utmost clarity. The article explores what exactly these guidelines are and how they will…
Every policyholder wants a policy that is clutter-free and ensures a seamless claim as and when required, but sadly, only a few meet the expectations. Recognizing this fundamental problem, IRDAI came up with the concept of a Third-Party Administrator (TPA),…
For the insurance sector, digitization came as a boon, surpassing its reach deeper into diverse demographics, leading to an astonishing demand for insurance products. Insurance web aggregators are among the key contributors to the ever-thriving Insurance sector. From easing decision-making…
TPAs play a key role in simplifying hassles pertaining to claims of health insurance products. From claim processing to pre-insurance medical examinations, Third-Party Administrator (TPA) caters to a range of tasks that ease the blow for insurers. To operate as…
Corporate governance refers to a transparent management framework that allows for dispute-free working, safeguarding the interest of stakeholders as well as policyholders. Good corporate governance translates to a seamless BOD’s affairs, contributing to a firm’s growth. IRDAI, every now and…
In the fast-paced world of insurance, reinforcing trust, credibility, and inclusivity can be a big hassle for insurers. Today’s customers want prompt and secure insurance products from the comfort of their homes. Recognizing this shift and ever-expanding digitization, IRDAI has…
The insurance sector is among the major pillars of the Indian economy, accounting for over 4% of the nation’s GDP. The advent of digitization has fueled the growth of this sector manyfold, reaching millions of people seeking bespoke policies. The…