IRDA nod for AllBank, other insurance plans
Insurance Regulatory and Development Authority (IRDA) has given in-principle clearance to the proposals of Allahabad Bank and Sompo, Japan to float a general insurance company and the IDBI-Fortis’ application for non-life companies. The regulator has also accepted the application from Shriram and Sanlam of South Africa for a non-life insurance venture, reports Our Bureau in […]
Don’t drop that auto insurance just yet
Drivers are getting mixed signals this week on what insurance to keep, what to add and how the law will be enforced.
If state lawmakers do nothing, a 36-year-old law that requires motorists to maintain $10,000 in personal injury protection, or PIP, will end Oct. 1. The law provides medical coverage to motorists regardless of who […]
Employers Reject Health Insurance Scheme
The Federation of Uganda Employers has opposed the proposed National Social Health Insurance Scheme in its current form.
The Government, through the Ministry of Health, is planning to introduce a mandatory health insurance to be covered by an 8% salary contribution, equally shared between the employers and employees in the formal sector.
The ministry wants to establish […]
States Decry Children’s Insurance Policy
State health officials are decrying new federal guidelines that require many children to be uninsured for a full year before they have access to government-subsidized coverage.
Waiting periods prevent families from dropping private insurance to get cheaper or better coverage for their kids through the State Children’s Health Insurance Program, or SCHIP.
But the vast […]