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RBI launches Ombudsman Scheme for NBFCs

Feb 24, 2018

“To begin with, the Scheme will cover all deposit-taking NBFCs. Based on the experience gained, the RBI would extend the scheme to cover NBFCs having asset size of Rs 100 crore and above with customer interface,” the RBI said. 

Financial crime on the rise in India’s life insurance sector: EY report

Feb 22, 2018

According to the report, 56% of the life insurers stated upto 30% increase in fraud over the last two years; 7% confirmed upto 50% increase. 1 in 3 life insurers said their organizations did not have fully established whistle-blowing mechanisms, enhanced third party due diligence processes and robust fraud-response procedures.

Govt meets general insurers to chart out NHPS roll-out

Feb 22, 2018

While government has plans to pay around Rs 1000 of premium per policy, general insurers have insisted that Rs 2,500 on the basis of acturial pricing will make the National Health Protection Scheme sustainable in the long run.

Premium On Mega Healthcare Scheme To Be Rs. 900-1,000: NITI

Feb 21, 2018

it was estimated that the premium for providing healthcare to an eligible family would be around Rs. 1000-1200.Under the funding arrangement, the centre will provide 60 per cent fund, while the remaining money would have to come from concerned states.

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