IRDAI mandates updated, simple customer info sheet for health insurance cover from January

An updated customer information sheet (CIS) for health insurance cover providing policyholders key information in simple terms while highlighting their obligations to make transparent and fair disclosures will be issued from January.

From coverage details, waiting period, limits, exclusions, concepts like free look cancellation, migration, portability, moratorium period, guidance on procedure for claims submission and contact details for filing complaints will be available “in simple language in a snapshot”, the Insurance Regulatory and Development Authority of India (IRDAI) said, mandating the revised CIS to the insurers.

Obligations of policyholders to make transparent and fair disclosures of relevant information pertaining to

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Mahindra Finance to foray into life, health, and general insurance | Company News

insurance, mahindra finance, m&m financial services

Illustration: Binay Sinha

2 min read Last Updated : Dec 15 2023 | 9:55 AM IST

Mahindra & Mahindra Financial Services on Friday announced that it will enter the life, health and general insurance business. The company will initially invest Rs 5 crore to Rs 10 crore towards technology, hiring training and certification.

In a regulatory filing, the company said, “We have approved undertaking supplemental business activity of soliciting and procuring insurance business as a corporate agent (composite) in the areas of life, health and general insurance- both group and individual.”

This will be subject to obtaining necessary approvals from

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California’s Medi-Cal opens offering of health insurance to illegal migrants



California’s Medi-Cal opens offering of health insurance to illegal migrants | Insurance Business America















Offering makes the state the first to issue such a benefit to undocumented immigrants

California's Medi-Cal opens offering of health insurance to illegal migrants

Life & Health

By Jonalyn Cueto

Effective January 1, 2024, undocumented immigrants aged 26 to 49 have become eligible for full medical coverage under California’s Medicaid program, Medi-Cal. The news comes as more than 1.5 million migrants move to the southern state every year to seek shelter in California’s Democrat-run “sanctuary cities,” according to a Daily Mail UK report.

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Nearly 1.7 million Texans lose Medicaid as state nears end of “unwinding”

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Nearly 1.7 million Texans have lost their health insurance — the largest number of people any state has removed — in the months since Texas began peeling people off Medicaid as part of the post-pandemic “unwinding.” Around 65% of these removals occur because of procedural reasons, according to the state.

Texas’ Health and Human Services Commission has neared the end of a chaotic and overburdened process to remove people from state Medicaid insurance who became ineligible during the

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Health insurance: Cashless treatment at any hospital now as insurers launch new initiative

The General Insurance Council on Wednesday announced a drive aimed at making cashless hospitalization available to policyholders even in non-empanelled hospitals. Hospitals with 15 beds, and registered with the respective state health authorities under the Clinical Establishment Act can offer cashless hospitalization now. In the event of hospitalization, policyholders need not pay for treatment out of their pockets as the expenses would be covered by the insurance companies concerned. This is subject to the claim of being admissible, as per the council.

Also Read: Health insurance rule change Cashless Everywhere: Cashless treatment at all hospitals from today; how to get

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India needs to expand universal health coverage for rapidly aging population, maintain growth: ADB report

India is one of the lowest among the Asia Pacific nations when it comes to health insurance for older people and the need to expand universal health coverage to meet the needs of rapidly aging population and sustain growth momentum, a report by ADB said on Thursday.

While the South Korea and Thailand have achieved universal health coverage, others lag behind with India having the lowest health insurance coverage among older people at 21%, a report titled ‘Aging Well In Asia’ prepared by ADB said.

However, schemes like Ayushman Bharat that provide cashless healthcare to the bottom quartile of population

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Health Insurance Plan Default Enrollment Placements For Benefits Effective July 1, 2023

The new July 1st plan year marks the beginning of a new health insurance contract cycle, and as a result of this, and the merger of Tufts Health Plan and Harvard Pilgrim Health Care into Point32 Health, there are changes to the health insurance plans available to GIC members for benefits effective July 1, 2023.

The GIC encourages all members to actively shop and evaluate health coverage options during Annual Enrollment or when experiencing a qualifying event to enroll in or update benefits. If you are currently enrolled in a health insurance plan that is being discontinued in Fiscal Year

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More Texans than ever enrolled in ACA health plans, feds say

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More Texans than ever have signed up for cheap or free health care coverage through the Affordable Care Act, with more than 1 in 9 residents covered under government-subsidized health plans for 2024, according to federal health data released on Wednesday.

In a state that has the highest number of uninsured residents in the nation, public health advocates say it’s an encouraging trend that the number of Texas enrollees in ACA programs climbed by 37% to nearly 3.5

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