GoM proposes exemption of health insurance premiums, term life cover from GST
Oct 20, 2024, at 05:27 am
New Delhi: The Group of Ministers (GoM) on GST rate rationalisation said on Saturday that health insurance premiums paid by senior citizens, and premiums paid on term life insurance will be exempted from GST, media reports said.
Govt health expenditure rises to 1.84% of GDP
Sep 26, 2024, at 06:08 pm
New Delhi: The share of government health expenditure in India’s GDP has risen from 1.13% in 2014-15 to 1.84% in 2021-22, according to the National Health Account (NHA) estimates for 2020-21 and 2021-22, released on Wednesday.
States fail to reach consensus on GST relief on health insurance premiums
Sep 04, 2024, at 11:06 pm
New Delhi: States remain divided over a proposal to exempt health insurance premiums from Goods and Services Tax (GST), with the Fitment Committee—comprising revenue officials from both state and Union governments—struggling to agree on this contentious issue, media reports said.
GST on health and life insurance premiums may be reduced: Report
Aug 08, 2024, at 10:44 pm
New Delhi/IBNS: The Goods and Services Tax (GST) rate on the premium paid on health and life insurance may be reduced as a proposal in this regard has been sent to the GST rate rationalisation committee, CNBC-Awaaz reported on Thursday (Aug 8) citing sources familiar with the development.
IRDAI sets 3-hour limit to settle cashless health claims
May 30, 2024, at 07:06 pm
Mumbai/IBNS: The Insurance Regulatory and Development Authority of India (IRDAI), an autonomous and statutory body under the jurisdiction of the Union Ministry of Finance, has released a new master circular on health insurance, in which it instructs insurers to decide on cashless authorisation within one hour of receiving a request.
IRDAI removes health insurance age limit, makes big changes in pre-existing disease policies
Apr 21, 2024, at 07:37 am
New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has ended the age limit, effective April 1, 2024, for buying health insurance policies, signalling a crucial change in India’s insurance sector.
ManipalCigna garners 38 per cent GWP growth in East India in financial year 22-23
Jan 17, 2024, at 04:02 pm
Health insurance company ManipalCigna has garnered 38 per cent gross written premium (GWP) growth in East India in the financial year 22-23.
Dec 09, 2023, at 02:42 pm
Aditya Birla Health Insurance Co. Limited ('ABHICL'), the health insurance arm of Aditya Birla Capital, on Thursday, announced the launch of ‘Activ One’ which the company promises to provide simplified and comprehensive healthcare solution, including 100 percent returns, to policyholders.
Star Health and Allied Insurance expands operation in Jammu & Kashmir
Aug 30, 2022, at 09:08 pm
Kolkata: Star Health and Allied Insurance Tuesday announced the expansion of its business and customer service in Jammu and Kashmir with five new branches in the region, according to an official release.
Jan 29, 2022, at 05:15 am
Kolkata: The Covid-19 pandemic has firmly asserted the importance of health insurance more than ever, the industry captains have said, demanding a GST rate cut on premium along with hike in tax exemption and giving infrastructure status to healthcare facilities in Union Budget 2022-23 in order to boost the penetration of health insurance in India.
Things to Consider When Deciding Health Insurance Plans
Oct 08, 2021, at 12:53 am
The pandemic has shown many consequences. One of which is not having enough funds to manage your medical emergencies, especially without health insurance plans. Sooner or later, people realized the importance of health insurance in their life. However, buying a new policy creates a stir in mind with so many options available. Comparison is a must, but what should be the parameters? Here is a complete guide to help you focus on a few specific points that need to be taken care of while purchasing health insurance plans.
SBI General Insurance launches 'Arogya Supreme' Health Insurance plan
Jul 08, 2021, at 08:28 pm
New Delhi/UNI: SBI General Insurance, one of India’s leading general insurers, has announced the launch of a comprehensive health insurance plan named ‘Arogya Supreme’ on Thursday.
May 19, 2021, at 01:37 am
Kolkata/IBNS: Efficient & timely insurance services to policy holders are the need of the hour, said Suresh Mathur, Executive Director, Health Insurance, Surveyors, IMF & Reinsurance, Insurance Regulatory & Development Authority of India (IRDAI).
Covid-19: IRDAI asks insurers to settle policyholders' claims on cashless basis
Apr 24, 2021, at 09:17 pm
New Delhi/IBNS: Insurance regulator IRDAI on Friday asked the insurers to settle the claims of policyholders on cashless basis after reports emerged that some hospitals demanded cash payments from Covid-19 patients.
Health insurance, micro-pension products to be available soon on WhatsApp
Dec 18, 2020, at 04:13 am
Mumbai/IBNS: Users of messaging app WhatsApp in India will have access to a string of “critical financial and livelihood services” for which talks are going on with leading banks and service providers.
Hike in health insurance premium hits India's middle class aid COVID-19 pandemic
Jun 21, 2020, at 08:42 pm
New Delhi/UNI: The Coronavirus pandemic has led to a steep hike in health insurance premium by 250-300 per cent, which poses a big challenge to the middle class families.
Why Should Mr. Srinivasan opts for a Health Insurance Policy?
Mar 07, 2017, at 01:47 am
Meet 45-year old Mr. RajanSrinivasan, a factory manager at a food processing unit in Delhi. He has amonthly income of approximately Rs 75,000 with the expenses of a 6-member family, including his wife, two teenage children, and aged parents.
HEALTH INSURANCE AND ITS MAJOR BENEFITS
Feb 07, 2017, at 04:32 am
Health insurance is an investment to protect yourself and your family. Contrary to the common belief, a medical insurance policy is not an expense. Your policy covers your hospital cost if you suffer from a health disorder. There are various plans to cover your health risk that are flexible and can be customized. It is important to understand why you need a medical insurance policy from a fundamental perspective first.