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

…

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.

…

Will going 100% cashless increase my health insurance premium?

How does the implementation of a 100% cashless network affect my current health insurance coverage? Will my premiums increase as a result? What is the relevance of the hospital network of my insurer now if all hospitals have become cashless. Additionally, can the service quality be expected to remain consistent across all insurers in light of this change?

—Name withheld on request

Going 100% cashless is a very positive development taken by the regulator. This allows policyholders to avail cashless treatment across many hospitals and comes at no additional cost.

So, your premium would not increase. To avail this facility,

…

Health Insurance: How to ensure your claim doesn’t get delayed or rejected? Experts explain

From checking the hospital, to intimate your insurance company about your illness to the way that you may get some relief, experts guide how you should dot the I’s and cross the T’s.

“Typical mistakes in insurance claims include providing inaccurate information, missing required documents, and not adhering to claim submission deadlines,” says Rakesh Goyal, Director, Probus Insurance.

“Taking treatment in one of the restricted or blacklisted hospitals as decided by the insurance company,” says Siddharth Singhal, Business Head – Health Insurance, Policybazaar.com. Customers need to check for such a list of blacklisted hospitals in their area before filing a

…