Indian Insurance Industry News & Updates - April 2024
Five out of 10 patients face discharge delays due to medical insurance claims processing time
New Delhi: A new study by Pristyn Care found that five out of 10 patients face delays in discharge due to the time taken to process medical insurance claims. To alleviate the hassle experienced by health insurance policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) is likely to introduce a 100 per cent cashless hospital network that will include both empanelled and non-empanelled hospitals.
The study indicates that over 40 per cent of individuals attribute delays in health insurance claims in India to hospital administrative processes, while 25 per cent cite a lack of coordination between hospitals and insurance providers. Complex documentation procedures also significantly contribute to these delays. Furthermore, the survey underscores various challenges encountered by patient families throughout the insurance claims process, with nearly four out of 10 respondents reporting difficulties with customer support regarding the claims process.
Silver ETF gains greater traction as AUM tops Rs 5,000 crore in April
Pension plan for unorganised sector sees only 5 mn subscribers in 5 years
Motilal Oswal Financial Services is offering up to 9.7% on its latest bond issue. Should you invest?
Motilal Oswal Financial Services Ltd (MOFSL) is tapping the bond market to raise up to Rs1,000 crore from non-convertible debentures (NCDs). The bond issue, the first of its kind from Motilal Oswal that offers investors interest of up to 9.7%. opened on 23 April and is set to close on 7 May. The issue is secured and redeemable, rated AA/stable by Crisil Ratings and India Ratings.
Equity fund managers to get sky-high bonuses amid stellar asset growth
Mutual fund houses are likely to dole out higher bonuses and increments this year in a bid to retain and reward top performers. Equity fund managers will be in the spotlight given the fast clip at which assets have grown in the past year, especially for the mid- and small-cap schemes. The managers may pocket bonuses in the range of 80-100 per cent of annual salary, on average, much higher than previous years.
405, TSL Corner
contact@nurcmedianext.com
+91-11-49849324, +91-9958949710
