Public Health Insurance

TMC requests govt to withdraw GST on health, medical insurance premiums

Trinamool Congress (TMC) leader Sudip Bandyopadhyay on Friday urged the government to withdraw the 18 per cent GST on life and medical insurance premiums. His demand comes amid several opposition leaders supporting senior BJP leader and Union Road Transport Minister Nitin Gadkari request to Finance Minister Nirmala Sitharaman to withdraw the Goods and Services Tax (GST) on the premiums. Soon after the Question Hour in the Lok Sabha, Bandyopadhyay raised the issue, saying taxing insurance premium is "anti-people". The government must withdraw it, the Kolkata Uttar MP said and the demand was backed members of the opposition INDIA bloc parties in the Lower House of Parliament. "The 18 per cent GST charged over life insurance premiums and medical insurance should be withdrawn. This GST is anti-people, it is adversely affecting the people of India," Bandyopadhyay said. "This proposal should be rolled back," he said. MPs from INDIA bloc parties TMC and DMK walked out of the House, alle

Irdai removes age limit of 65 yrs for buying health insurance policies

With a view to widen the market and foster adequate protection from healthcare expenses, insurance regulator IRDAI has removed the age limit of 65 years for individuals buying health insurance policies. This marks a significant departure from the conventional constraints that limited individuals in securing comprehensive coverage. By abolishing the maximum age restriction on purchasing health insurance plans, the Insurance Regulatory and Development Authority of India (IRDAI) aims to foster a more inclusive and accessible healthcare ecosystem, ensuring adequate protection against unforeseen medical expenses. As per the earlier guidelines, individuals were allowed to purchase a new insurance policy only till the age of 65. However, with the recent amendment, which has been effective from April 1, anyone, regardless of age, is eligible to buy a new health insurance policy. In a recent gazette notification, IRDAI said, "insurers shall ensure that they offer health insurance products t

Balancing Personal and Parental Well-being: Strategic Planning for Health Insurance

Having a private health insurance plan is more important than ever. With healthcare costs skyrocketing, having a medical insurance policy is like having a safety net for you and your loved ones,

Anganwadi workers, helpers to be covered under Ayushman Bharat: Govt

The Ministry of Women and Child Development has said that all Anganwadi Workers and Helpers across the country will get the benefits of the public health insurance scheme Ayushman Bharat

Health insurance: Govt to discuss 24-hr hospitalisation rule with Irdai

President of NCDRC, Justice Amreshwar Prasap Sahi, said that some district forums have innovated and ordered insurance cos to clear claims even when hospitalisation was less than 24 hrs

Disclose lifestyle, health conditions to avoid denial of insurance claim

Know your policy: Understand its exclusions, sub-limits, and waiting periods

Irdai tonic for health insurance: A regulator for hospitals and doctors

By asking health insurers to access a national list of doctors, the regulator hopes to encourage them to offer more flexible policies outside of the hospital network

Port and combine your base health policy with a top-up to prune cost

Features like recharge and guaranteed no-claim bonus enhance the cost-effectiveness of health insurance policies

Compensation to blame: Amendments to strengthen law on industrial accidents

Proposed amendments to the Public Liability Insurance Act may end the high level of non-compliance among companies

Labour ministry takes up concerns on mandatory health covers with FinMin

CII seeks clarification on coverage amount, wants medical insurance made compulsory only for those not covered under corporate group policy or ESIC

Irdai rejects general insurers' call for blanket easing of solvency margins

However, it said specific cases would be considered on merit

Buying insurance? Read this before you do

It's easy to purchase a life insurance policy in just a few clicks. But how does it work? Here is everything you need to know about shopping for one

Here's why public health insurance could help, even if you don't want it

The private sector is forced to improve its game to retain customers, so more people benefit than just those who directly use the public services