Life Insurance Review: Bajaj Life Flexi Income Goals
Bajaj Allianz Life has launched a new life insurance-cum-savings policy called Bajaj Life Flexi Income Goals. The policy is an endowment plan which means it rewards a maturity benefit if the policyholder survives the policy term. In case the insured dies during the policy term, the life insurance cover within the policy pays a death benefit. It is also a participating policy; this means the...
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  • Unlimited Cover with Bajaj Health Infinity Plan: Is It Worth It?
    Last week, we published an article discussing health insurance policies that offer a very high sum insured (SI) cover at a reasonable rate. We find that other insurers are also bringing this concept of ‘high cover at affordable rate’ in their new product offerings.
     
    Bajaj Allianz General Insurance offers a relatively new product—Health Infinity—which claims to have unlimited SI...
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  • Why not give insurance cover for mental illness: SC to Centre, IRDA
    Amid the raging debate over the death of Bollywood actor Sushant Singh Rajput, who is alleged to have been depressed before his apparently died by suicide on June 14, Supreme Court on Tuesday issued notice to the Centre and Insurance Regulatory and Development Authority (IRDA) on a PIL seeking direction to all insurance companies to extend medical insurance for treatment of mental illness.
     
    A bench comprising Justices Rohinton Fali Nariman, Navin Sinha and B.R. Gavai issued the notice and sought replies from the Centre and IRDA.
     
    The PIL filed by advocate Gaurav Kumar Bansal argues that despite Section 21 of Mental Health Care Act 2017 specifically stating it, followed by an IRDA order in August 2018, none of the insurance companies are complying with it.
     
    The petitoner has urged the apex court to direct the Centre, IRDA to issue direction to all insurance companies to extend medical insurance for treatment of mental illness.
     
    The PIL relied upon the definition of mental illness under the law.
     
    The petiton contended that despite Sec 21 (4) of Mental Health Act stating it, followed by August 2018 IRDA order, the insurance companies are not complying, and there is no provision yet to extend medical insurance for treatment of mental illness.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    COMMENTS

    Ramesh Popat

    3 weeks ago

    Very right! its more serious, may a times, than any other permissible treatment.

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