Naval Goel

🛡️ Maximise Your Health Security with Comprehensive Insurance Plans in India! 🛡️ Discover the key health insurance plans tailored for every need: 1. 🏥 Hospitalisation Benefits - Get coverage for medical and hospitalization costs without cash benefits. Includes options like maternity and specific day care procedures. 2. 👨‍👩‍👧‍👦 Family Floater Health Insurance- A single plan covering the entire family, maximising the utility of the sum insured. 3. 👴Senior Citizen Health Insurance- Specialised plans ensuring health protection for seniors, with coverage extending up to the age of 65. 4. 🤰Maternity Benefits- Covers all maternity-related expenses, ensuring care from pregnancy to postnatal. 5. 🚑Critical Disease-Specific Plans- Financial protection against severe illnesses like cancer and heart disease. 6. 💸Hospital Daily Cash Benefits- Defined daily cash benefits for each day of hospitalisation to help manage incidental expenses. Choose the right plan to safeguard your health and peace of mind. Let’s connect 📞+91 93161 33444 to explore the best options for you and your family! #HealthInsurance #FamilyHealth #SeniorCare #MaternityCare #CriticalIllness #Healthcare

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Interviewed Mr. Asit Rath, the MD & CEO of Aviva India today. A very interesting conversation on changing the insurance industry landscape in India 👇 A. Why insurance along with investments? Why not unbundle? He answered that they're doing away with the heavy upfront commissions. Their expense ratio on AUM for ULIPs is around 1.35%, which is less than that of most regular mutual funds. The average time a customer stays in their policies is for about 15+ years, whereas 73%+ of redemptions of regular mutual funds come within 2 years. He believes that it is more about time and insurance products are designed in a way to keep investors disciplined (surrender norms). B. Innovation in products They're coming with products that give customers Smart Watch, AI powered, Nutrition Diet, BP Monitor, Smart Scale along with a minuscule term insurance premium. It will help customers track their daily steps, sleep schedule and lead a healthy life. --------------------------------- I questioned about various other issues and he answered about insurance mis-selling and how it should be tackled by the industry as a whole. Asit is a really humble person and it was a very insightful conversation. Will share the snippets of the interview on YouTube shortly and the transcript in the fourth edition of the magazine. Stay tuned! Disclaimer: Not an investment advice or my personal recommendation.

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OPD coverage can reduce the large ticket hospitalisation claims being received/ handled by Insurers in the country. May be India is an exceptional country where the importance of OPD and Family Doctor (General Physician) is not being apprecaited. My views on BT Money Today (on Aug 07, 2024) will result in beginning of new era in Indian Health Insurance industry . The views are: If OPD (Outpatient Department) services are allowed liberally by insurers then individuals can visit doctors (family doctor or general physician), take necessary medications, and receive treatment without the need for hospitalization. Read the full article also available on https://lnkd.in/gUpmEVYU & https://lnkd.in/gHt-w_ug #OPDinsurancecoverage #OPDhealthinsurnace #healthinsurnacecompanies #increaseinsurancecoverage #hospitalisationIndia #healthinsuranceindia

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When some 25 years ago private insurers with foreign partners were allowed to enter India, everyone thought that the government-owned companies in life and general insurance would crumble. But two-and-a-half decades on, LIC stands tall, undiminished. It may not be a hyperbole to say that it has completely dominated the life insurance business. 25 years on, LIC has greater marketshare than 20+ private life insurers (with global partners) put together! And this consistent success is attributable to consistent effort and competence. LIC made investments in technology and people. They innovated with products, distribution and strategies. They matched their aggressive customer acquisition with a healthy, often-better-than-competition's Claims Settlement Ratio and customer service. Some public institutions are simply marvellous. Another is India Post. Some other day on it.. Meanwhile, raise a toast to LIC! #LIC #LifeInsuranceCorporation #Lifeinsurance #PublicSector #Competence #Competition

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🚨 Niva Bupa Health Insurance, one of the largest and fastest-growing standalone retail health insurers (SAHI) in India, gets SEBI's approval for its IPO – discover more on FindMyIPO.com! #NivaBupaIPO #HealthInsurer #SEBINews #MarketBuzz #IPOUpdate #InvestmentOpportunities #FindMyIPO #BSE #NSE #IPOAlert

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Understanding IRDA's Recent Changes in Health Insurance Policies. In its continuous efforts to improve the health insurance landscape, the Insurance Regulatory and Development Authority of India has announced significant changes that will impact policyholders across the country. These changes aim to streamline processes, enhance transparency, and ensure fair treatment of policyholders. Let's delve into the key changes introduced by IRDA and how they may affect you: 1. Reduction in Pre-Existing Disease (PED) Waiting Period: One of the notable changes introduced by IRDA is the reduction in the waiting period for pre-existing diseases (PED) from 48 months to 36 months. This reduction will enable policyholders to access coverage for pre-existing conditions sooner, providing them with timely financial support for their healthcare needs. 2. No Age Restriction for Elderly Individuals Subject to Medical Underwriting: IRDA has also removed age restrictions for elderly individuals applying for health insurance, subject to medical underwriting. This change ensures that senior citizens have the opportunity to secure adequate health insurance coverage without facing age-related barriers, thereby promoting inclusivity and access to healthcare. 3. Decrease in Moratorium Period for Claims Involving Pre-Existing Illness: Additionally, IRDA has revised the moratorium period for claims related to pre-existing illnesses. Earlier, insurers could contest claims for non-disclosure of pre-existing illnesses only after eight years. With the new guidelines, such claims are deemed incontestable after a period of five years. This change provides policyholders with greater clarity and certainty regarding the admissibility of their claims, enhancing trust and transparency in the insurance ecosystem. These recent changes by IRDA highlight the regulator's commitment to safeguarding the interests of policyholders and promoting a more efficient and consumer-centric health insurance sector. As a policyholder, it is crucial to stay informed about these developments and understand how they may impact your insurance coverage and claims experience. Stay tuned for more updates and insights on the evolving landscape of health insurance in India. For further information and guidance on navigating these changes, consult with our experts on www.insurancedekho.com. #InsuranceDekho #HealthInsurance #IRDA #SeniorCitizen #Healthcare #LoyaltyMemorandum #Preexistingillness #InsurancePolicy

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Highlights⚡️ about Go Digit General Insurance's IPO: - Go Digit General Insurance, an InsurTech unicorn, has launched its initial public offering (IPO) to raise funds. - The IPO aims to strengthen the company's solvency ratio and capital reserves, supporting growth and expansion plans. - It includes an offer-for-sale of up to 54,766,392 equity shares and a fresh issuance worth Rs 1,125 crore. - The company offers a wide range of general insurance products, focusing on technology and customer-centric solutions. - Notable investors, including Canada’s Fairfax Group and celebrity couple Virat Kohli and Anushka Sharma, are expected to retain their investment. - Despite a penalty by the IRDAI for non-disclosure of share conversion ratio changes, the IPO received approval from SEBI in March. - The IPO is set with a price band of ₹258-272 per equity share and will be open from May 15 to May 17. - The share allocation is structured with 75% for QIBs, 15% for NIIs, and 10% for retail investors. - Go Digit General Insurance plans to utilize the net proceeds to fund business operations and support proposed projects. #Insurance #Insurtech #IPO #InsuranceIndustry

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Go Digit IPO to open on May 15; Check Details Go Digit General Insurance, a prominent insurtech startup in India, is gearing up for its initial public offering (IPO) in May 2024. Backed by celebrities Virat Kohli and Anushka Sharma, the company has captured significant interest in the Indian financial market. #GoDigit #sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #ipoupdate #iponews #ipobuz #ipoapply

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Exciting news from Mumbai's State Health Assurance Society (SHAS)! They're expanding their universal healthcare scheme, MJPJAY, in a big way. The number of medical procedures covered is increasing from 996 to 1,356, and they've added a whopping 900 new empanelled slots, boosting the total hospitals on board from 1,000 to 1,900. This expansion comes as part of the government's push to make healthcare more accessible across the city. Over the past five years, surgeries under the scheme have surged by 70%, from 6.03 lakh in 2019-20 to an impressive 10.25 lakh in 2023-24. It's a clear sign that more people are receiving the critical medical care they need, thanks to these initiatives. The government is actively encouraging new hospitals to join the scheme, ensuring even broader coverage and better healthcare outcomes for Mumbai residents. This is fantastic progress towards a healthier, more inclusive healthcare system for all. Let's hope this momentum continues to benefit everyone in our community!  This article explains its all #healthinsurance #mumbai #govtinitiative

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Cyber security + compliance = Vitamins Cyber insurance = painkiller Get painkillers from experts only, get Mitigata™

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💡 Did you know? Niva Bupa & Swiggy 🛵🍔 would have done this before their IPO launch! 🚀 While it’s exciting to see Niva Bupa & Swiggy go public 📈, did you know that before a company begins its roadshows for a security offering, having a Public Offering of Securities Insurance Policy is a must? Here’s how this insurance helps: ⚖️ Investor Lawsuits: Protects against misleading statements or omissions in the IPO prospectus filing 📑. 🏛️ Regulatory Compliance: Covers costs related to investigations or penalties by regulatory bodies 🕵️‍♂️. 🌐 Reputation Management: Provides coverage to handle reputational damage caused by claims or lawsuits 💼. 🧐 Situations where IPO insurance is crucial: For instance, If a company's prospectus contains misleading information, and investors file a lawsuit claiming this caused a decline in share price 📉 and financial losses 💸, the Public Offering of Securities Insurance Policy steps in to cover defense costs and compensatory damages. #IPOInsurance 🛡️ #SwiggyIPO 🚴 #NivaBupaIPO 💊 #Insurance 📋

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Unlocking the Potential of GIFT City: A Paradigm Shift for Indian Insurers and NRIs For Indian Insurers: GIFT City (Gujarat International Finance Tec-City) is poised to be a game-changer for Indian insurers. As a strategic hub, GIFT City provides a robust platform for insurers to cater to a global clientele, specifically targeting NRIs and foreign nationals. The recent directives from the International Financial Services Centres Authority (IFSCA) have streamlined the process, allowing insurers to set up operations with minimal regulatory hurdles. This expansion presents a unique opportunity for Indian insurers to increase their market share and diversify their portfolio. By offering competitive and innovative insurance products, insurers can tap into the vast and lucrative NRI market, enhancing their revenue streams and positioning themselves as global players in the insurance sector. For NRIs and Indian Expats: GIFT City offers NRIs and Indian expats a seamless and efficient avenue to optimize their inward remittances. By investing directly in US dollars within GIFT City, they can bypass the complexities of currency conversion and benefit from attractive tax incentives. This approach not only simplifies the investment process but also enhances potential returns. For instance, an NRI investing $10,000 directly in GIFT City stands to gain better returns compared to converting dollars to INR and then investing in India. This strategic move ensures that their investments are not eroded by currency conversion losses, thereby maximizing their financial gains. This innovative approach leverages the strategic advantages of GIFT City, making it a win-win situation for both Indian insurers and the global NRI community. #NRI #IndianExpats #Remmitance #InsuranceIndustry #BenefitsforExpats Anand Rajan Nischal Buch Kajal Chhaparwal Sandeep Sagar Verma VIPIN JAIN Satyendra Shrivastava Sachin Maheshwari (ACTP - ICF) Abhay Tewari FIA, FIAI, CFA Chetan Trivedi Manu Ibrahim Amit M. Rushabh Gandhi Anup Rau Siddhartha Mohanty Tarun Chugh Asit Rath Ashish Vohra Kamlesh Rao Anil Wadhwani Interested to learn how we can help your business go global? Reach us at info@benefits4expats.com. Visit our website: www.benefitsforexpats.com https://lnkd.in/gjMNYBth

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Recently, I read an insightful article that highlighted the alarming trend of rising out-of-pocket healthcare costs in India. The ramifications are significant, as over 90 million Indians have healthcare costs that account for more than 10% of their entire household spending, and 31 million live in homes where health costs account for more than 25% of family expenses. Living a healthy lifestyle is essential in the modern world, especially considering the rising costs of healthcare. Adopting a wellness mindset that includes regular exercise, a healthy diet, and mental health services is not just advantageous but necessary. Putting your health first becomes a preventative step against future financial pressures as medical costs grow in India! If you’re looking to prioritise your health for a secure and healthy future, find the link in the comments for a quick consultation call from our expert advisors. #healthinsurance #rising #cost #healthy #insurance Source- Linkedin blog from Aman Gupta from SPAG, A FINN Partners Company

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Bima Sugam: Is this destined to be just another aggregator platform? How does this platform help in commoditizing insurance, i.e., making insurance products personalised, simpler, affordable, and digitally accessible for the end consumer? The proposed platform and the products are designed to be sold with the assistance of intermediaries, which could potentially increase the cost of insurance, limit reach, thus aligning the model with the current state. This approach raises concerns about the project's ability to inspire confidence in its effectiveness. However, by addressing these challenges, a purpose-driven platform has the potential to make insurance more inclusive and help bridge the protection gap in India. #insurance #insurtech #inclusiveinsurance #bridigingtheprotectiongap #innovation Insurance Regulatory and Development Authority of India B4E Insurtech | Insurance Infrastructure-as-a-Service

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Ditto😅 meets Ditto insurance founder : From Finshots to Ditto Insurance : How One Visionary is Simplifying Financial Literacy. Isn't it a heading for people to read ,now lets see what i experienced Recently , I happened to get a chance to meet Pawan Kumar Rai, the brilliant and highly successful co-founder of Ditto Insurance. This encounter was rather a unique one because, being called Ditto, it’s rather amusing to meet the founder of Ditto. From the co-founding of Finshots, which was an attempt to explain complicated financial news, to Ditto Insurance that is designed for millennials having as little as possible understanding of insurance, Pawan Sir’s story is really inspiring. During his tenure, Ditto is one of the very few organizations to embrace simplicity and clear language in what is considered a highly complex and obscure industry. The thing that impressed me the most about Pawan Sir was his ability to enhance the society’s concern by teaching common people about financial literacy. It is for this reason that his work in making policies easy to comprehend and affordable is one that has revolutionized the insurance industry in a way that is hard to articulate. The ethos of Ditto, using the ‘Golden Rule’ of treating customers as they themselves would wish to be treated by a family member is something that I and many who have availed ourselves with Ditto’s services support. Apart from being a successful businessman, Pawan Sir is also very dedicated to making work at Finshots and Ditto an enjoyable and pleasant experience. His management style of embracing people rather than resumes as a way of looking for passion and hard working individuals is quite a welcome mindset in today’s world. It was a great pleasure to get an opportunity to meet Pawan Sir who was an inspiring example of how the vision backed up by passion can change the industry and the consumers. He has better ideas on how to make a positive impact in society and his view on this has challenged me most in today’s society and I am honored to have been associated with him. What are your thoughts on simplifying complex industries for the everyday consumer? Share your experiences or insights ! #Entrepreneurship #Dittoinsurance #zerodha #finshots #finance #inspiration #Ditto #Leaders #Tech

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🌟 Explore the #NivaBupaHealthInsuranceIPO! Opening Nov 7th! 📅💼 Invest in a healthier future with shares priced from ₹70-₹74. Dive into the details of this ₹2,200 crore IPO opportunity! 🚀💸 #HealthInsuranceInvest #aftetrade #chalabshurukare

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