Thousands who took out entry-level health insurance plans to avoid penalties are now overpaying for cover

The warning comes on the 10th anniversary of the system that penalises those over the age of 35 taking out health cover for the first time. Known as lifetime community rating, it was introduced 10 years ago this month. It put in place penalties for those …

South Korea: Fraudulent health insurance claims by foreigners on the rise

The number of fraudulent health insurance claims by foreign nationals and overseas Koreans increased by 30% in 2024. Data from the National Health Insurance Service (NHIS) has revealed that 17,087 individuals were involved in fraudulent claims in 2024, up …

Health insurance contribution without the president's signature

What’s really undermining health insurance?

A few days ago, famous Bangladeshi cricketer Tamim Iqbal suffered a major heart attack during a match. Around the same time, Bollywood actor Saif Ali Khan was attacked in his own residence. These incidents are stark reminders that life can change in an …

FBI Issues New Warning Over Health Insurance Scams

The FBI has issued an alert about the growing threat of discount medical insurance scams which have resulted in millions of dollars in losses for unsuspecting consumers. Fraudsters typically target individuals seeking more affordable health care plans, and …

Report: 43% of Nigerian women want better health insurance 

A national survey has found that over two in five (43.4%) working women across diverse industries and regions in Nigeria demand improved and comprehensive health insurance that encompasses fertility treatments, breast cancer care, and menopause support, …

Asthma And Health Insurance: What Patients Should Know Before Choosing A Policy

Hospitalisation, however, is a different story. If an asthma attack leads to hospital admission, say, for oxygen support or emergency treatment, it is generally covered, provided the waiting period is over. “Hospitalisations are included under most …

The adoption of GenAI is set to reshape the insurance value chain – Boston Consulting Group’s Paul Brenchley

He discussed how insurers can leverage GenAI, especially in building new O2O channels to stay competitive in a digital-first world. The insurance industry is undergoing rapid change, with digital disruptors, evolving customer expectations, and global …

Fake health insurance

🚨 Fake health insurance: Scammers are offering “discounted” medical plans that don’t actually cover anything but your steady descent into rage headaches. Red flags? Pressure to act fast or promises of free services that sneak in extra fees. PSA: Look up …

Insurance tips for high school and college graduates

Graduating from high school or college is a major milestone and comes with new responsibilities, including managing insurance needs. Whether driving a car, renting an apartment, or planning for your health, understanding basic insurance coverage is …