Astudy conducted by consumers’ rights organisation, Consumer Voice, has found that four out of every nine health insurance policyholders have faced problems while getting their insurance claims approved and settled. The survey was conducted across eight Indian cities, Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Ahmedabad and Lucknow, to find out whether or not the health insurance providers keep their promises and settle the policyholders’ claims. In all, 3,312 respondents participated.
The claims include those made with insurance providers and third party administrators (TPA). Out of this, 26% claimants say documentation is the toughest part, while 21.8% complaints relate to authorisation of claims. Close to 17% respondents rated ‘unjustified deduction by TPA in claim settlement’ as a major problem they have to deal with at the time of claim processing.
Astudy for DSP Blackrock conducted by Neilson reported that about 77% of working women in India depend on their father or spouse for making investment decisions for them. Of the 23% women who invest on their own, 18% are single working women.
“Most women are only informed of investment decisions already taken; or at best, are joint decision makers… Women are inclined towards safety and believe in long term investing. The main reason why women don’t take investment decisions is that they are safety oriented and reluctant to take risk,” the report noted.
Among working women, sole decision-makers in the urban areas stood at 24% while in the rural areas the number was 20%. Among non-working women, sole decision-making power was mainly with women in the metros.
Amidst stubborn escalation of prices in most of the real estate markets, HDFC chairman Deepak Parekh said the residential price escalation now seems to be a thing of the past. “My view is that real estate prices should come down, at least on the residential side. The days of prices shooting up have gone,” Mr Parekh told shareholders during HDFC’s annual general meeting. He also said that the commercial real estate segment has collapsed and prices of commercial properties are unlikely to rise.
“If you look at the general property scenario, commercial real estate has collapsed across the country,” he said, adding that the IT, retail and office space are in surplus.
“In smaller cities they (residential prices) have gone up but they are reasonably priced in Tier II and Tier III cities,” he said, adding that his company’s growth is coming from small towns now.