Sanjeev Jain on LinkedIn: Health insurance: IRDAI sets 3-hour time limit for insurers to clear… (2024)

Wonderfull "The reduction in the audit engagement period from 10 years to 4 years is a strategic move by the IRDAI to enhance audit quality in the insurance sector. By introducing new auditors at regular intervals, the regulator aims to reduce the potential for complacency and promote a rigorous review of financial statements every 4 years. This"#irdaihttps://lnkd.in/gSxRAYAW

46

4 Comments

IRDAI revealed that a probe into stock option allotment to Saluja is on in response to a query raised by Rahul Kanoj under the Right to Information Act (RTI) to the insurance regulator. The regulator said in its response, "#irdaiAny time-bound probe, when the problem will be completed?https://lnkd.in/gsRDze3w

23

1 Comment

LIC " It also saw a 5.48% year-on-year (y-o-y) drop in total premium income from group businesses (policies sold to a group of individuals) at ₹1.71 trillion in FY24 that ended on 31 March, compared to ₹1.81 trillion in FY23. In the individual segment, too, LIC’s new business premium income fell 1.77% y-o-y to ₹57,716 crore in FY24"Focus shifting from penetration #irdaihttps://lnkd.in/gnrCYarF

21

For the renewal of a motor policy, policyholders receive an average of 15 calls from various sources. However, only one source will ultimately secure the renewal, while the remaining 14 incur costs without success.#irdai

This content isn’t available here

Access this content and more in the LinkedIn app

14

8 Comments

यह काम पेटीएम इंश्योरेंस ब्रोकिंग प्राइवेट लिमिटेड (PIBPL) के जरिए किया जाएगा. उसने इंश्योरेंस प्रोडक्ट मार्केट में लाने की इच्छा त्याग दी है. insurance distribution is more lucrative than manufacturing. ? All new fintech can learn from this#irdai #paytm

41

4 Comments

if you park a bike on the Road, chance are within three hours trafic police challan will come to you but an illigal holding on the road visible to entire population of the city collepses, cause of death 17 person & 75 injured and over & above the compensation is 5 lakhs .are we living in welfare state #publicliablity

46

6 Comments

At the time of launch, the NHCX will link approximately 50 insurance companies and 250 hospitals, with plans to expand gradually. Notable companies like Tata AIG General Insurance, Paramount TPA, and Bajaj Allianz Insurance have already integrated with the portal, signaling industry-wide support for this initiative.#irdaihttps://lnkd.in/gFEZUmDf

43

4 Comments

The term "corporate hospital mafia in India" refers to the alleged unethical practices and monopolistic behaviors by some large, corporate-run hospitals in India. These practices may include overcharging patients, unnecessary medical procedures, and exerting undue influence over healthcare policies and smaller healthcare providers to maximize profits at the expense of patient care. This phrase often highlights concerns about the commercialization of healthcare and the need for regulatory oversight to protect patient interests.#irdai

474

56 Comments

Private Insurers advocating for life insurance agents to partner with multiple companies are implicitly supporting moonlighting for their staff. By encouraging agents to work with various insurers, these companies promote a model where agents can leverage broader opportunities and better serve their clients by offering a wider range of products. This approach aligns with the concept of moonlighting, as it involves working for multiple employers concurrently to enhance one's professional scope and income. Thus, these insurers recognize and endorse the benefits of diversified employment for their agents and employees #irdai#licofindia

This content isn’t available here

Access this content and more in the LinkedIn app

7

9 Comments