Irda is in favour of simplified products in the industry which a policyholder can easily understand so as to avoid misselling.Simple insurance product which every one can understand is the need of the insurance sector to avoid mis-seling, he said. Khuntia advised the insurers to invest in the corporate bonds that have good ratings.

“In view of the above stay granted by the SC, IRDA’s earlier circular dated 19th March, 2018 stands abated until further orders,’’ said IRDAI.

Ranjan Pai, Chairman, Manipal Education & Medical Group (MEMG) said: “The two organisations are a good cultural fit. The combination of Cigna‘s global expertise in health and wellness, its ability to offer customized solutions for the Indian market, and Manipal Group’s integrated healthcare expertise with multi-specialty hospital networks will create a true differentiation for healthcare in India.”

Many initiatives such as increasing the retirement age of doctors to 65 years, setting up of more medical and nursing schools, multi-skilling of doctors to overcome the shortage of specialists, have been taken by the Centre to improve medical education, Nadda said.

  Hyderabad: In a bid to comply with the provisions of the Mental Healthcare Act, 2017, the insurance regulator IRDAI has asked all insurance companies asked all the insurers to provide medical insurance for treatment of mental illness from immediate effect....

The scheme aims to target poor, deprived rural families and identified occupational category of urban workers’ families, 8.03 crore in rural and 2.33 crore in urban areas, as per the latest Socio Economic Caste Census (SECC) data, and will cover around 50 crore people 

This is the first-ever exercise undertaken by the ministry to rank the country’s major cities on the basis of four parameters of ease of living – governance, social, economic and physical infrastructure