Page 3 - Health Insurance

GST cut on insurance may not bring relief, premiums could rise 12-18 %

Nil-rated vs exempt GST status will decide if savings reach you, or if premiums quietly climb instead

Switching health policy? Seniors must secure written assurance on benefits

On receiving the policy document, check fine print to ensure the commitment has been fulfilled

Major reasons life insurance claims get rejected, decoded by experts

From missed disclosures to policy lapses, experts break down the biggest reasons for health claim rejections and share simple steps to keep your coverage dispute-free.

OPD insurance cover rises four-fold in 3 years: What are its benefits

Rising health care costs make OPD cover mainstream, with more Indians using it for doctor visits, tests and medicines

More senior citizens opt to port health insurance policies: Experts

Innovation, digital ease driving the shift, say insurers

GST cut on health insurance: Policyholders may use free-look period option

Policyholders may delay their insurance purchases using the free look period option to benefit from the nil GST on premiums, effective from September 22

Andhra cabinet clears universal health policy offering cover up to ₹25 lakh

The Andhra Pradesh cabinet headed by Chief Minister N Chandrababu Naidu on Thursday approved a proposal to invite tenders from insurance companies to extend universal health policy, which will offer healthcare services up to Rs 25 lakh, said Information and Public Relations Minister K Parthasarathy. Addressing a press conference at the Secretariat, he said over five crore people are expected to benefit from the universal policy. "The cabinet has approved the proposal prepared to invite tenders from insurance companies to extend universal health policy under Ayushman Bharat-PMJAY - Dr NTR Vaidya Seva scheme in hybrid mode," said Parthasarathy. As part of this initiative, the insurance company will extend Rs 2.5 lakh healthcare services while those extending up to Rs 25 lakh will be delivered by the Dr NTR Vaidya Seva Trust. Parthasarathy said the universal health scheme will approve a patient's treatment within six hours of getting admitted in a hospital and all related transactions

GST cut likely to defer insurance buying till new rates kick in

Experts expect spike in health and life insurance sales post-September 22, 2025, after GST exemption on individual policies takes effect, but many customers are likely to defer purchases until then

Patients to benefit from GST rate cut, but firms likely to face pressure

GST rationalisation lowers costs for medical consumables and high-end therapies, benefiting patients. However, pharma companies, particularly in biologics, may face margin pressure due to ITC loss

GST exemption on life, health policies: Lock in lower term premiums now

Enhance sum insured on base health policy, buy add-on cover

Insurance GST cut to zero: Save ₹2,700 annually on ₹15,000 premium

Zero GST Impact on Insurance: From October, GST on individual health and life insurance premiums drops from 18% to 0%; insurers weigh impact of lost input tax credit

Zero GST on health, life insurance: What the cut from 18% means for you

GST on health, life insurance: From September 22, 2025, individual health and life insurance premiums will no longer attract 18% GST, making policies more affordable for Indian households

GST relief aids insurers; HDFC Life, Star Health among winners, says JM Fin

While the market was anticipating a cut in GST rates for term and health policies, analysts at JM Financial said, the exemption on savings-oriented life products came as a positive surprise.

Think your gym injury is covered? Your health insurance may say no

Gym-related injuries are usually covered under health insurance, but exclusions around steroids, unsafe practices, and hazardous sports may lead to claim rejections

Insurance firm faces social media backlash over ₹61 lakh 'claim denial'

Niva Bupa issues clarification, says it hasn't rejected the claim

Star Health, CARE, Niva Bupa record most policyholder complaints in FY24

Policyholder grievances against health insurers jumped 21.7% in FY24, with Star Health leading by a wide margin, followed by CARE and Niva Bupa, Ombudsman data shows.

To avoid being caught in a financial scare, get a good health plan

Check out the best health insurance premiums, check out this table from Policybazaar to guard against expensive medical bills.

GST on life, health insurance may be scrapped as Centre pushes exemption

The Centre has proposed exempting life and health insurance premiums from the current 18% GST; the GoM will submit its report to the GST Council, which will take the final decision

Premium cost, add-ons: Things to know when taking parents' health insurance

Choosing health cover for parents? Experts explain premiums, riders and the pitfalls that can leave families underinsured

Insurers hopeful of reduction in GST on health and life premiums

Insurers hope for a reduction in GST on health and life insurance premiums, following PM Modi's announcement of GST relaxations, aiming to boost insurance penetration and make coverage more affordable