Page 10 - Health Insurance

Key information about health insurance plans explained in single table

Premium, tenure, hospitalisation coverage rules put together for your convinience

Consumers can port their health insurance midway: Here is what they must do

Using the option could result in delays in claim settlements as new company will familiarise itself with your medical history

LIC eyes less than 50% stake in standalone health insurance company

State-owned insurer doesn't want operational control but wants to have a say in the management

Care Health Insurance shareholders approve Rashmi Saluja's reappointment

Kedaara Capital votes against Saluja's reappointment

Now, pregnant women can get maternity cover with just 3-month wait period

Health Booster Maternity Cover rider can be added to a base health policy and offers a waiting period of just three months, making it accessible for expectant mothers

Hospitalisation costs surge 11.35% in a year, heart ailments rising: Report

People younger than 18 becoming susceptible to respiratory conditions, says insurance company

Average health insurance claims size rises 11.35% YoY in FY24: ACKO Report

According to the report, men on an average claimed Rs 77,543 while women claimed Rs 69,553 (without maternity)

This health insurance add-on can save you up to 18% on extra medical costs!

For families facing medical emergencies, the financial strain of paying for consumables out of pocket can be overwhelming

Avoid partial payout: Buy health insurance cover with fewer sub-limits

If you feel unfairly treated, you can complain to the insurance ombudsman or switch to another provider

GST Council forms GoM to review tax rate on insurance; report by Oct 30

The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life insurance products and submit its report by October 30. Bihar Deputy Chief Minister Samrat Choudhary is the convenor of the GoM. The members of the panel include members from Uttar Pradesh, Rajasthan, West Bengal, Karnataka, Kerala, Andhra Pradesh, Goa, Gujarat, Meghalaya, Punjab, Tamil Nadu and Telangana. The 54th GST Council meeting on September 9 decided to set up a GoM to examine and review the present tax structure of GST on life and medical insurance. A final call by the Council on the taxation of insurance premiums is likely to be taken in the next meeting in November based on the GoM report. Currently, 18 per cent of Goods and Services Tax (GST) is levied on insurance premiums. The Terms of Reference (ToR) of the panel also include suggesting tax rate of health/medical insurance including individual, group, family floater and other medical ..

Centre brings elders over 70 years under ambit of Ayushman Bharat scheme

With this approval, all senior citizens aged 70 years and above, irrespective of their socio-economic status, would be eligible to avail themselves of the benefits of AB-PMJAY

Govt gives nod to Ayushman health insurance to all citizens aged 70, above

In a move that will benefit 4.5 crore families, the Union Cabinet on Wednesday approved health coverage to all senior citizens aged 70 years and above irrespective of income under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), Union minister Ashwini Vaishnaw said. The coverage aims to benefit six crore senior citizens from 4.5 crore families with Rs five lakh free health insurance cover. Eligible beneficiaries will be issued a new distinct card under the scheme, the government said.

GST cut on key cancer drugs set to boost patient coverage, say experts

Move is part of ongoing initiatives to reduce financial burden for cancer patients

54th GST Council meet: New GoM to look into rate on life, health insurance

GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens. Briefing reporters on the outcome of the 54th GST Council meeting, Sitharaman said it has decided to have a Group of Ministers (GoM) to look into the GST rate on life and health insurance. The GoM will be headed by Bihar Deputy Chief Minister Samrat Choudhary, who is currently heading the panel on GST rate rationalisation. Sitharaman said that new members would be joining the GoM to look into GST on health insurance. The GoM will be submitting its report by October end, she said. The issue of taxation of insurance premiums had figured in Parliament discussions with Opposition members demanding that health and life insurance premiums be exempt from the GST. Even Transport Minister Nitin Gadkari wrote to Sitharaman on the issue. Sitharaman in her reply to a discussion on the

GST Council moves closer to reducing GST on life, health insurance premiums

Shares of major insurance companies like Star Health, ICICI Lombard General Insurance, and Go Digit General Insurance traded in the red due to concerns over insurance premium GST rates

Usher in competition between EPF and NPS to boost formal job creation

The government needs to introduce competition between EPFO and NPS, and between ESIC and health insurance companies, while making contributions voluntary for low-paid workers

25 years of the Indian insurance industry: Here are the hits and misses

De-tariffing and portability are two milestones ahead of the Insurance Act amendment that made health insurance an independent line of business and raised FDI limits to 49%. The first of 2 part column

Star Health introduces braille insurance policy for visually impaired

The policy is designed to address the specific requirements of individuals with disabilities of 40% or more, including physical, sensory, or cognitive impairments

Mpox, dengue, Covid, & more: Does your health insurance cover outbreaks?

As outbreaks like Mpox increase, so do medical costs. But the question is: does your health insurance cover such diseases?

Is it a wise decision to bundle health and life cover plans?

Single policy reduces paperwork and simplifies premium payments