policybazaar

“The idea behind two-hour hospitalisation coverage is that all medically necessary procedures admissible under the policy will be covered, irrespective of the duration of the hospital stay,” says Mayank Bathwal, CEO, Aditya Birla Health Insurance

Ageas, a Belgian insurer, is prioritizing growth in India, aiming for a top-10 life insurance position and remaining open to inorganic opportunities. The company emphasizes a localized operational model and sees significant potential in India's evolving insurance market, particularly in protection and retirement segments.

Customisation is the buzzword in health insurance as add-ons offer flexibility, but it may also lead to confusion

Insurance may cover some post-hospitalisation expenses, but long-term rehab and caregiving often require a separate healthcare corpus

Singapore sovereign fund Temasek is picking up close to 8% stake of Intel Capital, the investment arm of tech major Intel, in insurance web aggregator policybazaar.com for around Rs 110 crore.

policybazaar parent PB Fintech has approved a resolution to raise up to Rs 6,500 crore, or $870 million, via an initial public offering, making it the fifth Indian startup to initiate proceedings to list on the national bourses.

EtechAces Marketing and Consulting, the operator of online insurance selling platform policybazaar and lending marketplace PaisaBazaar, said it will create 4,000 jobs in J&K and Ladakh — over 12 months. Roughly 95% of the new jobs will be in the customer advisory function and the rest would be around corporate and tech functions with each seat costing around Rs 1 lakh, the company said.

The country’s largest web aggregator policybazaar on Friday received approval from IRDAI to operate as an insurance broker. While policybazaar is one of the largest online distributors of health, motor and term life insurance the broking licence allows it go far beyond its present operations.

Rules were designed to preserve continuity when policyholders change cover. In practice, medical screening, limits on benefit transfers and post-claim disputes can turn what should be a straightforward move into a fraught exercise

Health insurance portability aimed to ease policyholder transitions, but challenges persist. Insurers still underwrite, leading to potential rejections based on age, health, or claims history. While regulations offer some protection, consumers must navigate these complexities carefully to ensure continuity.

Representatives of SoftBank Group Corp will step down from the boards of digital payments firm Paytm and the parent of online insurance aggregator policybazaar, a person with direct knowledge of the matter said.

SoftBank Group-backed online insurance aggregator policybazaar has filed for an initial public offering of up to Rs 6,018 crore ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months.

EtechAces Marketing and Consulting, which runs policybazaar and PaisaBazaar, is expected to be valued at $1 billion after the investment, catapulting the Indian company into the unicorn club.