Finance minister Pranab Mukherjee on Monday said that public sector general insurance companies had not withdrawn cashless mediclaim facility. "The public sector general insurance companies have not, I am emphasising on, have not revised or withdrawn the facility of cashless treatment," he said in the Lok Sabha. Mr Mukherjee said that the insurance firms have only started rationalising empanelment of hospitals and the standardisation of rates and specified procedures followed by these hospitals. From July 1, public sector insurance companies had suspended about 150 hospitals from their list of preferred provider network (PPN) which provide cashless hospitalisation services to policy holders under the mediclaim scheme. Last week, insurance regulator Irda chairman J Harinarayan had expressed hope that hospitals and insurers will be able to arrive at a mutual solution.
What are the factors affect the changes in rate of Fixed Deposits? Fixed Deposits are now considered to be a very old fashioned method of saving, but still attract many investors since they have guaranteed returns at the end of the tenure of the investment at a decent interest rate. There are various factors that affect the rates of interest for a Fixed Deposit. Policies of the Reserve Bank of India - The several norms and restrictions posed by the Reserve Bank of India , in order to gain optimum control over credit and inflow and outflow of fund throughout the country. The repo rate changes, cash reserve ration tends to change and these changes affect the banking products like Fixed Deposits, loans etc. Recession - When unemployment in a country crosses the benchmark set Recession hits, and slowly the country faces an economic slow movement, affecting the purchasing power of the people in the country, forcing the Reserve Bank of India to release more funds in the financial marke...
