Tag: Health Insurance

Life insurers’ new business premium rose 21% in Sept to ₹48,780 crore

October 8, 2026 admin

Life insurers in India posted 21% year-on-year (YoY) increase in new business premium (NBP) for September at ₹48,780.55 crore. The higher mobilisation came even as number of policies/scheme sold declined YoY at 21.93 lakh (22.06 lakh). In August too, the policies and schemes sold were lower yet their NBP rose 33% YoY to ₹41,197.78 crore….

Business

Bajaj General Insurance unveils health cover for families with pets

August 26, 2026 admin

Bajaj expands health cover to include pets (For illustration) | Photo Credit: Reuters Bajaj General Insurance has launched ‘My Family Complete’, a health insurance plan that expands the definition of family to include pet dogs and cats. The plan aims to address fragmented health protection by bringing human family members and pets under a single…

Business

Think before you don’t renew your policy!

August 16, 2026 admin

Representative image. | Photo Credit: Getty Images/iStockphotos She was insured for 11 years with not a single hospitalisation claim but no premium discount in appreciation of a profitable customer was forthcoming. So, my friend did not renew her hospitalisation policy. Mistake. One because she did not have a fallback policy. But, more so because, in…

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Med cover inadequate and not affordable

June 28, 2026 admin

Representative image. | Photo Credit: Getty Images/iStockphotos How much hospitalisation insurance is enough? For the average city living middle class family ₹5 lakh looks woefully inadequate because which city hospital even has ₹5,000 rooms? Because, with the sub limit of 1% of sum insured (SI) on room rent, you will be dipping into your pocket…

Business

Health is wealth and both wear away

June 7, 2026 admin

Catch 22: As much as 15% premium rise in a year is quite a shocker. | Photo Credit: Getty Images/iStockphoto Health is wealth and conversely, ill-health is erosion of wealth. Conventional wisdom says this is where health insurance comes in. Until health insurance itself becomes a large drain on the pocket, ironically. Things have been…

Business

When art wilts under the sun

February 28, 2026 admin

During the Tamil months of Chithirai and Vaikasi (April to June), temple festivals gather momentum across Tamil Nadu. On festival days, village squares and temple grounds slowly fill up even as the sun beats down mercilessly through the afternoon. By evening, performances of song, dance, drama, and ritual begin; people drop in, stay awhile, applaud, and move…

Nation

How tax break is reshaping health insurance choices

November 17, 2025 admin

Healthy result: The removal of GST has made health insurance premiums about 18% cheaper for individual buyers. | Photo Credit: Getty Images/iStockphoto When the government announced a 0% GST on retail health insurance premiums on September 22, it was welcomed as a move that would make protection more affordable. But in the weeks since, it…

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TPA tangle in health insurance

November 9, 2025 admin

Image for representation only | Photo Credit: Getty Image/iStockphoto Among the many moving parts of a hospitalisation insurance policy is a key intermediary — the Third Party Administrator (Health Services), or TPA. TPAs handle claims management on behalf of insurers. Earlier, such work was done by the claims departments of the insurance companies, well-versed in…

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Exemption of GST from life and health insurance premium to make products affordable: Insurers

September 4, 2025 admin

Since its inception in July 2017, GST at the rate of 18% is levied on premium paid towards health insurance. (Image used for representation purpose only) | Photo Credit: Getty Images/iStock Photo Terming the GST Council’s decision to exempt insurance premium from the indirect tax as a landmark move, insurers said this will help make…

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Insurance stocks in limelight; Star Health up over 9% as life, health insurance exempt from GST

September 4, 2025 admin

All individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST, Finance Minister Nirmala Sitharaman on September 3, 2025. (Representational image) | Photo Credit: Getty Images/iStock Photo Insurance stocks were in heavy demand on Thursday (September 4, 2025), with Star Health surging over 9%, as life insurance…

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