CLAIM
China miffed over Indian mountaineers naming Arunachal Pradesh mountain after 6th Dalai Lama
Indian mountaineers named an unnamed peak in Arunachal Pradesh after the 6th Dalai Lama, sparking a reaction from China. Beijing reiterated its territorial claims over the area, calling India's actions illegal. India rejected these claims, affirming Arunachal Pradesh as an integral part of the country.
US weekly jobless claims unexpectedly fall
The number of Americans filing new unemployment claims fell unexpectedly last week, indicating a low level of layoffs. Initial claims dropped to 218,000 for the week ending Sept. 21, against an expected 225,000. Despite declining job openings and hiring, layoffs remain low. Boeing's strike could impact future claims.
Dollar firm following sharp rebound as Fed speakers eyed
The dollar held steady after its biggest rally since June, as traders awaited speeches from key Federal Reserve policymakers for clues on interest rate cuts. Investors reassessed the aggressiveness of future rate reductions, with Fed officials showing differing views. The dollar index eased slightly, while other major currencies saw minor changes.
S&P 500, Dow close lower as investors await insights on Fed rates, data
The Dow Jones and S&P 500 closed lower on Wednesday, retreating from record highs influenced by China's stimulus package. Investors are now awaiting economic indicators and potential interest rate cuts. The Dow fell 293.47 points, while the S&P 500 lost 10.67 points. Nine out of eleven S&P sectors declined, with energy stocks leading the fall.
US FTC announces crackdown on deceptive AI claims, schemes
The FTC also settled with a company called DoNotPay over its claim to provide automated legal services, and with Rytr, an AI writing tool that the agency said offered a feature that allows users to generate fake product reviews.
Why it is important to have third-party car insurance
Driving responsibly is crucial for safety, and third-party car insurance is mandatory in many countries, including India. Lacking this insurance can lead to legal penalties, financial liabilities, and potential imprisonment. It also affects future car ownership and insurance dealings. Third-party insurance ensures protection and responsible vehicle ownership.
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S&P 500, Dow close at new highs as mining stocks rise on China stimulus boost
The S&P 500 and Dow closed at record highs on Tuesday, driven by a surge in mining stocks following China's announcement of a major stimulus package. Despite weak U.S. consumer confidence data, sectors like metals and mining outperformed. Federal Reserve Governor Michelle Bowman warned that inflation remains above target, necessitating caution in rate cuts.
Unclaimed deposits: How to search for unclaimed money in savings account, FDs on RBI’s UDGAM portal
There are 30 banks, which are part of UDGAM portal, and they cover around 90% of unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund of RBI. t allows registered users to seek unclaimed deposits/accounts from numerous banks in a centralized manner.
The impact of car insurance on your car resale value
Car insurance significantly impacts the resale value of used cars. Factors such as Insured Declared Value (IDV), depreciation, claims history, and the type of insurance policy play crucial roles. Comprehensive insurance generally enhances resale value, while third-party insurance may lower it. Properly managing these elements can ensure a fair deal for both buyers and sellers.
ET Startup Awards 2024 | Best on Campus: ClaimBuddy stays on pulse to take home campus star prize
The startup that provides digital infrastructure to hospitals for processing insurance claims and assists patients in getting faster pay-outs was praised for its mission to improve a massive pain point for users.
US weekly jobless claims rise moderately
The number of Americans filing new unemployment claims rose by 2,000 to a seasonally adjusted 230,000 for the week ending Sept. 7, indicating low layoffs despite a slowing labor market. Businesses are reducing hiring as higher interest rates curb demand. The Federal Reserve is expected to cut rates next Wednesday.
SBI Life Insurance fined Rs 1 crore for regulatory violations; Irdai asks insurer to adhere to rules to settle death claims
SBI Life Insurance has been fined Rs 1 crore by the Insurance Regulatory and Development Authority of India (Irdai) for violating regulations related to outsourcing, insurance web aggregators. The insurer was found to have engaged with web aggregators without clear agreements specifying services and fees, failed to report outsourcing payments, and repudiated claims beyond the three-year period.
5 reasons health insurance claims get rejected
Every health insurance plan has a waiting period and, if a claim is made during the waiting period, it will be rejected.
Health, life insurance policyholders' rights: Master circular issued by Irdai, know claim settlement time limit, other rules
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a master circular outlining the rights of insurance policyholders. The circular, titled 'Protection of Policyholders' Interests 2024,' covers a wide range of topics, including e-insurance policies, claim settlement timelines of both life and health insurance policies, and the rights of policyholders with multiple health insurance policies. Key points from the circular that you must know as a policyholder
No-claim bonus in health insurance: All you need to know
The article explored the impact of pollution and other factors on health, and how health insurance with a no-claim bonus can help. The no-claim bonus increases coverage or reduces premiums for claim-free years. It detailed cumulative bonuses, premium discounts, and conditions for retaining bonuses even after filing claims while emphasizing considerations when choosing an insurance provider.
33 major health insurers live on new national claims exchange; policyholders to get claims settled quicker on NHCX
The National Health Claims Exchange (NHCX) is a centralized platform developed by the government to streamline insurance claims processing. 33 health insurance companies have joined this platform, which aims to provide real-time claim status updates and enhance transparency in the process.
Faster health insurance claim settlement via single-window platform NHCX begins; how it will help policyholders
Health insurance rule change: The National Health Claims Exchange (NHCX) portal is set to simplify, accelerate, standardise the health insurance claim settlement process through the seamless exchange of information and documents between hospitals and insurance companies. For the the health insurance policyholders, the NHCX platform will speed up the claim settlement process so the waiting time to get discharged from the hospital will be reduced. What is going to change for health insurance policyholders?
10 reasons why your health insurance claim can get rejected and how to avoid it
Health insurance offers financial relief, but claim rejections can arise from incorrect info, waiting periods, non-disclosure, expired policies, missed documents, claim deadlines, intimation, sum insured limits, cashless treatments, network hospitals, policy terms, accurate medical info, and timely renewal. Awareness helps avoid financial burdens and smoother claim processing.
Is your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them
While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by asking the right questions during policy selection, carefully reviewing policy documents, and conducting thorough research. This article explores common health insurance claim rejection scenarios and explains how to avoid them.
6 questions to ask while buying a health insurance policy to avoid claim rejections later
How to buy the right health insurance policy that will pay for your claims on time? You can avert claim rejections by asking the important questions at the time of buying health insurance and reading the policy details and fine print carefully. Ask these questions while purchasing a health plan or at the time of filling a proposal form.
6 recent health insurance claim rule changes every policyholder should know
Insurers will have to clear a health insurance claim within three hours of receiving it from the hospital during discharge. Irdai has also given a window of one hour for clearing cashless claim requests at the time of admission. All you need to know about the recent health insurance claim norm changes by the insurance regulator.
Up to Rs 10 lakh relief in train accident: How a 45 paisa IRCTC travel insurance can be a huge help for your family in case of death or disability
IRCTC travel insurance: Do you know that IRCTC offers an optional travel insurance policy at just 45 paisa premium per passenger. This policy offers coverage up to Rs 10 lakh in cases of death and permanent disability. God forbid if you perish in a train accident, atleast your family will get the required financial assistance.
NHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders
The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
Cashless claims to be cleared in 3 hours
Irdai has also mandated the insurer to decide on the cashless authorisation within one hour of receipt of the request.
Health insurance premiums can be reduced if you don’t make a claim, policy cancellations to be less costly and more: 5 rule changes
Health insurance rule changes: To make health insurance policy more inclusive, flexible and customer-friendly, IRDAI has recently released a master circular on health insurance business. The regulator introduces new measures regarding cancellation charges, standardising no-claim bonus, and increasing claim settlement transparency. ET Wealth Online explores how these regulations empower policyholders and improve their health insurance experience.
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