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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…
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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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…
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…
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…
Everyone who is 70 years old and above can get the national health insurance scheme New Delhi: In a move that will help 4.5 crore families, the Union Cabinet on Wednesday approved health coverage to all senior citizens aged 70 years and above irrespective of their income under the Ayushman Bharat Pradhan Mantri Jan Arogya…
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More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the expectations of stakeholders from the first budget of the Modi 3.0 government. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23,…
Read More “Budget 2024: Insurers expect more tax benefits for health insurance in Union budget” »
The finance minister is likely to lay out the government’s economic agenda in the budget. New Delhi: More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders’ expectations from the first budget of the Modi 3.0 government. Finance…
Read More “Insurers Expect More Tax Benefits For Health Insurance” »
Earlier, people were restricted to purchasing new insurance policies only until 65. (Representational) New Delhi: The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However,…
Read More “People Above 65 Can Also Buy Health Insurance Now” »
