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As a step towards facilitating technology-enabled covers, Irdai has permitted general insurance companies to introduce tech-enabled concepts for the OD surface, including Pay as You Drive and Pay How You Drive, reports PTI. ....
This is because the IRDAI has permitted general insurance companies to launch telematics-based motor insurance covers such as 'Pay as You Drive' and 'Pay How You Drive'. Here's what experts say. ....
Second wave pushes Covid health claims up 27% at 10 lakh Top Searches Second wave pushes Covid health claims up 27% at 10 lakh Mamtha Asokan / TNN / Updated: Apr 3, 2021, 09:15 IST FacebookTwitterLinkedinEMail CHENNAI: Health insurance claims related to Covid have jumped to 9.9 lakh worth Rs 14,500 crore, up 27% from 7.8 lakh claims worth Rs 11,850 crore as on January 31, according to sources in the General Insurance Council. The surge follows the second wave of infections that hit the country in February 2021. ICICI Lombard General Insurance’s head of claims Sanjay Datta said that March 2021 has recorded last year’s peak figures driven by claims filed from Maharashtra. Bajaj Allianz General Insurance’s head of health claims Bhaskar Nerurkar said, “Claims applied for Covid treatment have gone up by 50% at 150 claims per day in March, as compared to the lowest recorded in January at 100 claims per day.” ....