STI NEWS;"Health insurers found that in – house claim settlements are valuable"plus 1 more

Health insurers found that in – house claim settlements are valuable

Posted: 03 Nov 2011 05:10 AM PDT

A recent press report said that most of the insured were dissatisfied with the settlement of claims of medical insurance. This has made the health insurers to re – look their model of settling the claims. Earlier the Health insurers would outsource their claim settlements to Third Party Administrators (TPAs) in order to save costs as well as time and it would also help the insurance company to...

No more prepayment penalty – Cheer for home loan borrowers!

Posted: 03 Nov 2011 02:11 AM PDT

Two mulled over and announced decisions by the National Housing Board on Wednesday, 19th Oct, 2011, will bring cheer to the home loan borrowers this Diwali! The decisions are the following: NHB (National Housing Board) has barred the housing finance companies (HFCs) from charging prepayment penalty on floating rate home loans. In case of the fixed rate home loan, the prepayment penalty can be...

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