When St Stephen’s Hospital handed A.K. Jain a bill of Rs 1.91 lakh after heart surgery, he remained cool. He expected full reimbursement from his mediclaim policy with ICICI Prudential Life Insurance. To his shock, the company declined to pay, saying “his disease did not correspond to the symptoms laid down in the insurance cover”. It was pointed out “no muscle of heart became dead” and “no ...
New India Assurance Company, the market leader in the general insurance sector, plans to launch by the end of 2010-11 a low-premium health insurance policy for the masses, according to its Chairman and Managing Director, Mr M. Ramadoss.
Now that the cat is out of the bag, it’s time to count the hits and the misses. The Union Budget 2010-11 has come out with a number of proposals that will affect your savings and investments. Let’s see how and who will gain from the budget.
ACCOUNTANCY: Speed up convergence process To herald efficient convergence of the Indian Generally Accepted Accounting Principles (IGAAP) to the International Financial Reporting Standards (IFRS), the Ministry of Corporate Affairs (MCA) had constituted separate sub-committees in ...
FOREX: Rupee hits 6-week high at 45.82/dollar The Indian rupee has gained more than one per cent against the dollar in the last three trading sessions post the ...
In a chat on rediff.com on Tuesday, investment expert Harsh Roongta offered some valuable tips
Calcutta, March 1: The good news first: the premium for your unit-linked life insurance plan may come down in the next financial year. The bad news is that you may have to pay more if you want the cashless facility under a medical insurance plan.
The Central Mumbai District Consumer Disputes Redressal Forum, in a landmark order, has held that an insurance company is liable for deficiency in service if it fails to reimburse hospitalisation costs of a patient who has a Mediclaim policy with it.
In an hour-long chat on rediff.com on Monday, financial planning expert Sailesh Multani offered some valuable tips.