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Catering to consumers in coronavirus times, IRDAI pushes new products, easier KYC norms

Catering to consumers in coronavirus times, IRDAI pushes new products, easier KYC norms NEW DELHI, Dec 28:From Corona Kavach to Corona Rakshak, insurance regulator IRDAI made intense efforts throughout the pandemic-disrupted 2020 to ensure adequate choice of insurance policies for individuals that cover treatment costs for coronavirus-related health issues. This year, the regulator’s noteworthy initiatives include introduction of standard products with a view to enhance consumer confidence as well as easier Know Your Customer (KYC) norms. As COVID-19 started spreading in March, the watchdog asked insurers to expeditiously settle hospitalisation claims concerning treatment related to coronavirus infections. And the Insurance Regulatory and Development Authority of India (IRDAI) also directed insurance companies to design specific products to cover the cost of treatment related to coronavirus. Soon, short-term Corona Kavach policy was launched.

Aarogya sanjeevaniNiraj shahCorona rakshakTarun mathurParag rajaAkash anandSaral jeevan bimaCorona kavachAnand royStar healthDevelopment authority of indiaFrom corona kavachKnow your customerInsurance regulatoryDevelopment authorityChief business officer

Star Health Insurance aims premium collection of Rs 10,000 crore in FY21

Star Health Insurance aims premium collection of Rs 10,000 crore in FY21
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Corona kavachAnand royCorona rakshakInsurance co ltdStar healthAllied insurance co ltdகொரோனா கவச்ஆனந்த் ராய்கொரோனா ரக்ஷக்காப்பீடு இணை லிமிடெட்நட்சத்திரம் ஆரோக்கியம்கூட்டணி காப்பீடு இணை லிமிடெட்

Star Health Insurance aims premium collection of Rs 10,000 cr in FY21

Star Health Insurance aims premium collection of Rs 10,000 cr in FY21 SECTIONS Last Updated: Dec 20, 2020, 04:57 PM IST Share Synopsis Standalone health insurance player Star Health and Allied Insurance Co Ltd which has been growing at a rate of around 45 per cent year-on-year in the current fiscal, is looking for a premium collection of Rs 10,000 crore in the current fiscal. Agencies Standalone health insurance player Star Health and Allied Insurance Co Ltd which has been growing at a rate of around 45 per cent year-on-year in the current fiscal, is looking for a premium collection of Rs 10,000 crore in the current fiscal, a top company official said. Between April-November 2020, the insurer has underwritten gross direct premium of around Rs 5,600 crore. It has sold close to 43 lakh policies as against 30 lakh policies in the same period of the previous fiscal.

Corona kavachAnand royCorona rakshakInsurance co ltdStar healthAllied insurance co ltdகொரோனா கவச்ஆனந்த் ராய்கொரோனா ரக்ஷக்காப்பீடு இணை லிமிடெட்நட்சத்திரம் ஆரோக்கியம்கூட்டணி காப்பீடு இணை லிமிடெட்

Star Health aims premium collection of Rs 10,000 cr in current fiscal

Standalone health insurance player Star Health and Allied Insurance Co Ltd which has been growing at a rate of around 45 per cent year-on-year in the current fiscal, is looking for a premium collection of Rs 10,000 crore in the current fiscal, a top company official said. Between April-November 2020, the insurer has underwritten gross direct premium of around Rs 5,600 crore. It has sold close to 43 lakh policies as against 30 lakh policies in the same period of the previous fiscal. Last financial year, we did an overall business of Rs 6,865 crore and this year we are on track to complete a premium target of close to Rs 10,000 crore, the company s managing director Anand Roy told PTI.

Corona kavachAnand royCorona rakshakInsurance co ltdStar healthAllied insurance co ltdகொரோனா கவச்ஆனந்த் ராய்கொரோனா ரக்ஷக்காப்பீடு இணை லிமிடெட்நட்சத்திரம் ஆரோக்கியம்கூட்டணி காப்பீடு இணை லிமிடெட்