Insurance Sector

Aditya Birla Health Insurance launches #JumpForHealth

Aditya Birla Health Insurance

New Delhi [India], Apr 8 : Aditya Birla Health Insurance Company Ltd. (ABHICL) launched a unique campaign '#JumpForHealth' on the occasion of World Health Day to reinforce its belief in empowering people to live a healthy lifestyle.

Through the JumpForHealth initiative, Aditya Birla Health Insurance is creating a movement that will get people up and on their feet through the power of jumping.

The month long campaign, starting from April 07, 2017, aims to donate one prosthetic leg to a person in need for every 10,000 jumps in association with the Sadhu Vaswani Foundation. A total of 100 prosthetic legs will be donated to people in need on achieving one million jumps.

Indians are big dreamers, but poor financial planners, reveals Aviva Life Insurance 'Plan India Plan' Survey 2017

Indians are big dreamers, but poor financial planners, reveals Aviva Life Insura

New Delhi [India], Mar 23 : Indian's are big dreamers, but when it comes to financial planning they lag behind by a distance reveals Aviva Plan India Plan survey 2017, a one of its kind survey conducted by Aviva Life insurance. However, millennial are better financial planners, while women are catching up fast with men on financial awareness and planning. launches a new campaign for term insurance awareness launches a new campaign for term insurance awareness

New Delhi [India], Jan. 15 : has launched a new television campaign, with the tagline ' par term insurance lena bhool kar bhi mat bhoolna'. The campaign aims to highlight the importance of having a term insurance plan.

The new TV commercial will see actress Achint Kaur as a Seance medium.

With this campaign, intends to give a push to the consumers' buying decisions, by focusing on the challenges that the family would have to face in their absence, including inability to sustain the current lifestyle. A month long campaign is designed by the in-house team of and executed by K Silent Productions. The TV campaign will go on air on January 15, 2017.

Tata AIA Life announces 'Revive' to give customers opportunity to reinstate lapsed insurance policies

Mumbai (Maharashtra) [India], Nov. 2 : Tata AIA Life Insurance today announced the launch of 'Revive', an initiative to reinstate lapsed insurance policies.

As part of the scheme, customers will be given waivers on health certificate and interest for selected lapsed policies (subject to underwriting exclusions and other terms and conditions of the policy). The offer will be valid till November 30, 2016.

HDFC ERGO, Maruti Insurance to offer insurance to Maruti Suzuki buyers

Mumbai [India], Oct.22 : HDFC ERGO General Insurance Company, India's leading private sector non-life insurance provider, announced the tie-up with Maruti Insurance Broking Private Limited, India's largest provider of motor insurance brokerage services, to offer motor insurance products to buyers of Maruti Suzuki cars.

This strategic alliance will now enable instant policy issuance and efficient claims settlement services to Maruti car owners.

HDFC ERGO's first-of-its-kind community portal for consumers on general insurance

Mumbai [India], Sept.21 : HDFC ERGO General Insurance Company, India's leading private sector General Insurance Company, showcased the new comprehensive web enabled HDFC ERGO Community portal - accessible at - for the consumers and the stakeholders of general insurance sector.

This first-of-its-kind community website for general insurance in India will serve as a channel for its users to research, get advice, discuss and share their experiences and knowledge on non-life insurance products with others registered users within the community.

With the plethora of promoted material freely available all around, consumers find it difficult getting the right information regarding products, and more so in the case of Insurance products which are intangible in nature.

Prudential and ÆQUALIS to Offer Life Insurance Coverage to People with HIV

Prudential and ÆQUALIS to Offer Life Insurance Coverage to People with HIV

One of the major insurance companies of America Prudential Financial, Inc. has decided to provide life insurance coverage to people battling with HIV. The coverage will be provided in collaboration with ÆQUALIS, an innovative company bringing insurance products to under-served communities.

The move has been called as a milestone in the changing nature of the HIV infection under which HIV positive people will be able to obtain 10- and 15-year individual convertible term life insurance products. The life insurance products will be offered through Prudential’s issuing insurance companies.

No hike in Health Care Premiums Next Year

No hike in Health Care Premiums Next Year

The Centers for Medicare & Medicaid Services said on Monday that people on Medicare Advantage plans will see no increase in their health care premiums next year. It was also told that some of the enrollees could also see a light drop in their health care premiums.

According to the officials, enrollees of the Medicare Advantage plans include nearly 900,000 elderly and people with disabilities in Pennsylvania.

Out of the nation's 55 million Medicare beneficiaries, nearly one-third of the enrollees have chosen the Advantage program. The Advantage plan allows commercial insurers to frame health policies that are funded by the federal government.

CDI announces new health cost comparison tool for consumers

CDI announces new health cost comparison tool for consumers

California Department of Insurance (CDI) officials have made an announcement regarding a new website, which will help consumers comparison-shop for health insurance. The CDI, UC-San Francisco and Consumer Reports, which is a not-for-profit magazine that carries out consumer product testing and research, teamed up to come up with the website.

According to CDI officials, the project has been federally funded through the Affordable Care Act. CDI officials said in a statement that the website will let Californians access and compare costs and quality of health care and that will help them make informed decisions regarding treatment options.

Number of Uninsured Falls Significantly in US

Number of Uninsured Falls Significantly in US

The US government's Obamacare policy seems to have come a long way in bringing down the number of uninsured population in the country. A latest report of U. S. Census Bureau has noted the fall in the number.

The Bureau reported that the number of people in Washington State who were without health insurance has been cut by about 3,17,000 since 2014. The number is currently scaled at 6,43,000.

The experts credited the Affordable Care Act (ACA) and the Obamacare policy for the development.

Affordable Care Act doing well so far

Affordable Care Act doing well so far

A recent analysis has clearly showed that the Affordable Care Act has achieved success so far. Health insurance coverage has been taken by more than 66% of Californians without health insurance before the implementation of the Affordable Care Act.

Majority of Californians now have access to healthcare. A group of 2,001 California adults, who were lacking insurance coverage before the Affordable Care Act expanded coverage for multiple healthcare systems in 2014, were examined by the survey.

It was learnt from a previous version of the survey that 58% of uninsured California residents were insured after the first open enrollment period.

Key Points about Merger of Health Insurance Majors

Key Points about Merger of Health Insurance Majors

Nowadays, merger has become a trend and it has turned into a mania especially in the health insurance world. An announcement was recently made for Anthem and Cigna over a highly-anticipated $54.2 billion deal early Friday morning. Below listed are some point that will guide consumer.

" The earlier 'big five' health insurers are now the 'big three'

As per latest data, Anthem and Cigna will be the biggest insurer with over 53 million members and United Health will be at second with more than 45 million members.

" This is one of the ripple effects of the Affordable Care Act.

Aetna to buy Humana for $37 billion

Aetna to buy Humana for $37 billion

According to Health insurer Aetna Inc, it will acquire Humana Inc by spending nearly $37 billion in cash and stock. It is the largest ever agreement in the insurance industry. The deal will pave the way for Aetna to come closer to the number two position of the Anthem Inc in insurance sector. Aetna's Medicare Advantage business will also be almost tripled.

Antitrust scrutiny will also be done on the deal, but if it manages to pass, the earlier largest insurance deal that was announced this week will not have a considerable significance. In the earlier deal, Swiss property and casualty company ACE Ltd said that it was acquiring Chubb Corp for $28 billion. Anthem Inc's acquisition of WellPoint for $16.6 billion that was made in 2004 will also be looked upon similarly.

Number of Americans without Health Insurance declines significantly from 2013 to 2014

Number of Americans without Health Insurance declines significantly from 2013

A significant decline has come in the number of poor Americans who are uninsured in 2014 since the time Affordable Care Act has extended coverage to millions of America, finds a new report.

The findings were released on Tuesday and the percentages and numbers are from the National Center for Health Statistics’ National Health Interview Survey. The report is based on the answers of 111,682 people.

The survey has also revealed that percentage of black Americans who were uninsured has dropped from 18.9% in 2013 to 13.5%. Black Americans under the age of 65 made the biggest gains. Hispanics in the same age group were also benefitted largely. The share of whites who were uninsured fell from 12.1% in 2013 to 9.8%.

Insurers require Rate Increases under ACA next year

Insurers require Rate Increases under ACA next year

According to information released on Monday by the federal government for the 37 states using HealthCare. gov, companies are seeking differing rate increases in premiums as high as 85% for 2016 under the Affordable Care Act.

The data from the Centers for Medicare and Medicaid Services included only proposed rate increases of 10%. Regulators have the authority to cancel rate increases they consider to be too high in some states.

Larry Levitt, an executive with the Kaiser Family Foundation said, "Trying to gauge the average premium hike from just the biggest increases is like measuring the average height of the public by looking at N. B. A. players".

Texans are paying more for car insurance

Texans are paying more for car insurance

According to a new report, Texans are paying more for car insurance as compared to drivers in other parts of the country. Rates have been analyzed by and it was found that Texas has the 10th highest rates in the country with drivers paying about 6% more for the same policy.

Rates in more densely populated counties are normally higher as more people mean more probability for crashes and higher crime rate. According to website’s senior analyst, there is another issue that affects Texas that is uninsured drivers.

Texas Department of Insurance shows that about 1 in 7 Texas drivers, does not have insurance. Some in the country live unlawfully and get difficulty to get insurance without a license. The remaining Texas drivers pretty much subsidize those people.

9 out of 10 Adults now have Health Insurance: Poll


An important change has been revealed in Gallup-Healthways Well-Being Index released on Monday. It has been highlighted that now nearly nine out of 10 adults have health insurance.

In 2013, more than 8 out of 10 adults had coverage. The new number from the Gallup-Healthways Well-Being Index seems to be encouraging for President Barack Obama's health care law. It is a new milestone on the path of his goal in which every US resident should have health insurance.

In the coming time, many new factors will be included in the law including an upcoming Supreme Court decision with regard to consumer subsidies to actions by Republican leaders in states.

Americans Face Steep Rise in Flood Insurance Premiums

Americans Face Steep Rise in Flood Insurance Premiums

Changes have been made in the Homeowner Flood Insurance Affordability Act (HFIAA) in 2014. Due to these changes, flood insurance clients are witnessing premium increase ranging from 15% to 18% on primary residence properties.

Increase of up to 25% is seen on secondary homes or homes that have suffered repeated losses. New surcharges have also been included - $25 for primary homes and $250 for others.

The rise is considered to be part of Congress's effort to reduce some of the $250 billion debt incurred by the National Flood Insurance Program after losses suffered from Hurricane Katrina and Superstorm Sandy.

Group of Pacific Residents Want Help of City to Get Answers from FEMA over Flood Insurance Issues

Group of Pacific Residents Want Help of City to Get Answers from FEMA

A group of Pacific residents need city’s help in order to get answers from FEMA that why some homeowners in the floodplain need to buy flood insurance.

Half a dozen residents on the north side of Pacific attended the March 25 operations committee meeting. There is no need to buy flood insurance for homes that are fully paid for and have no mortgage.

“You’re only affected if you have a loan on your home”, said Kay LeClaire, who spearheaded the search for more information.

Premera Blue Cross suffers Cyber-Attack

Premera Blue Cross suffers Cyber-Attack

Healthcare insurance provider Premera Blue Cross revealed that it faced a cyber-attack that might have exposed medical records and financial information that belong to more than 10 million customers.

According to the health insurer, the attackers might have gained access to data involving clinical information, banking account numbers, birth dates, Social Security numbers and other data. Premera said that the attack took place last year.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content