India Business News: MUMBAI: Insurance veteran V Jagannathan, known for building Star Health Insurance from scratch in 2006, after retiring as CEO of a public sector insur.
India benchmark yield up for second month on rising inflation fears zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The commission overturned the insurer s rejection of a claim by Amitkumar Goyal, who was denied his mediclaim of Rs 86,250 for a hospital bill citing the "admission not required" clause. The insurer was ordered to pay the claim with 9 per cent interest plus Rs 3,000 for mental harassment. The insurance company had argued that hospitalization was unnecessary as Goyal s illness was not severe.
In the first quarter of FY24, HDFC Life, SBI Life, and Max Financial Services are projected to achieve year-on-year annual premium equivalent (APE) growth of 15%, 8%, and 8%, respectively, while ICICI Prudential Life is likely to experience a 9% decline in APE on year. According to Motilal Oswal, value of new business (VNB) growth is estimated at approximately 8% on-year for SBI Life, 28% for HDFC Life, and 17% for Max Financial Services, while ICICI Prudential Life s VNB is expected to decline by 5% on year in the first quarter.