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insurers

FM directs public sector general insurers to develop products tailored to new and emerging risks, including cyber fraud

admin07 mins

[ad_1] Finance and corporate affairs minister Nirmala Sitharaman has directed public-sector general insurance companies (PSGICs) to develop innovative insurance products tailored to new and emerging risks, including cyber fraud, and to diversify their product portfolio in line with evolving consumer needs in a bid to strengthen operations and generate profits. Three PSGICs–Oriental Insurance, United India…

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Planning, right financial products can help governments address potential risk of a disaster to budgets: CDRI’s Prothi

admin08 mins

[ad_1] Risk transfer instruments can offer cost-effective alternatives to measures aimed at mitigating significant long-term climate threats to the economy, said Amit Prothi, director general of the Coalition for Disaster Resilient Infrastructure (CDRI). CDRI, a multilateral organization based in New Delhi, was launched by Prime Minister Narendra Modi at the 2019 United Nations (UN) Climate…

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Can I ask insurers to get my medical check-up done?

admin07 mins

[ad_1] I hear many claims are rejected due to non-disclosure of pre-existing diseases. What if I insist on the insurance company doing my medical check-up? Do they accept such a request? —Name withheld on request  When it comes to health insurance, non-disclosure of pre-existing diseases is a leading cause of claim rejections. Understandably, you should…

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