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Package rates in Ayushman Bharat scheme will put patient safety at stake: IMA

Jun 25, 2018

Even at a marginal profit of 15%, crores of rupees would unnecessarily go to the third party. Therefore in order to keep the current healthcare delivery system intact, and preventing it from collapsing, all the stakeholders including private players and IMA needs to be taken in confidence, said Dr Ravi Wankhedkar, National President IMA

Insurtech PolicyBazaar raises over $200 mn investment led by SoftBank

Jun 25, 2018

Munish Varma, Partner at SoftBank Investment Advisers, said, “We believe that the Indian insurance market continues to remain massively under-developed and PolicyBazaar, supported by SoftBank’s capital and ecosystem, is uniquely positioned to dramatically increase the adoption of insurance products in the country.”

IDBI-LIC stake deal: FinMin official says boards to take a call

Jun 25, 2018

There have been reports that having failed to a get a buyer for its stake in IDBI Bank, the government might ask LIC, which already owns over 10 per cent in the infra-lender turned commercial bank, to take at least 40 per cent more in it, something it had done with Axis Bank in the past

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