The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
A lowdown on some salient points that you must keep in mind when opting for a health insurance.
In a bid to woo villagers to benefit from the National Rural Employment Guarantee Scheme, the Orissa government on Tuesday decided to offer health insurance and a house under the Indira Awas Yojana to each labourer who completed 100 days work in a year, official sources said.
Addressing an event after launching the service, Shah said the rival ride-hailing platforms have reduced commission and are offering many other incentives, including free rides to customers, seeing the success of Bharat Taxi during the pilot operation.
Punjab Governor Gulab Chand Kataria emphasised the importance of Aadhaar in promoting good governance, transparency, and ease of living, highlighting its role in ensuring welfare benefits reach the intended recipients and strengthening the rural economy through Direct Benefit Transfer.
Government said on Thursday it is working on a scheme to provide health insurance to the poor, besides offering life and disability cover to one earning member of each economically weaker family.
Congress leader Rahul Gandhi has accused Kerala Chief Minister Pinarayi Vijayan of being 'afraid' of Prime Minister Narendra Modi, citing corruption allegations and a desire to protect his children.
Congress leader Rahul Gandhi has accused Kerala Chief Minister Pinarayi Vijayan of being 'afraid' of Prime Minister Narendra Modi, alleging corruption and a compromise of governance to protect his children.
'Money is not just about greed or accumulation. It gives you freedom, dignity and choice. And you have every right to all three.'
'Opt for a minimum cover of Rs 10 lakh to Rs 15 lakh, especially in urban and metro areas.'
Union Home Minister Amit Shah addressed rallies in Birbhum, West Bengal, promising to tackle corruption and infiltration if the BJP wins the upcoming elections. He criticised the TMC government and outlined welfare schemes for women, youth, and farmers.
Why one must take health insurance seriously to achieve the best in financial planning.
The government has decided to extend health insurance cover to sections such as rickshaw pullers, rag pickers, mine workers, sanitation workers, and auto rickshaw and taxi drivers.
The CBI has registered a new case against Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to the Life Insurance Corporation (LIC) of India.
ADAG's rivals are lobbying overtime to ensure that a company affiliated to the group, Mediassist India TPA Private Limited, is considered ineligible.
Congress leader Rahul Gandhi has accused Assam Chief Minister Himanta Biswa Sarma of corruption and land grabbing, promising action if the Congress party wins the upcoming elections in Assam. Gandhi also criticised the BJP's governance and economic policies.
To handle the sudden loss of cashless facility, patients should maintain an emergency fund or a short-term credit line to manage all or part of hospitalisation costs.
Make sure the rider adds value rather than just adding to cost.
Union Home Minister Amit Shah addressed poll rallies in West Bengal, promising to tackle corruption and illegal immigration if the BJP comes to power. He criticised the current TMC government and outlined the BJP's plans for the state.
Health care costs are rising exponentially and most people are under-insured.
Most first-time investors may be better served by diversified options such as flexicap or multi-cap funds, which already hold pharma and healthcare stocks.
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Canadian firm Manulife and Mahindra & Mahindra (M&M), an Indian automaker with interests in financial services, have signed an agreement to form a 50:50 life insurance joint venture (JV) with a total capital commitment of up to Rs 3,600 crore each totalling Rs 7,200 crore.
The DMK party in Tamil Nadu has released its manifesto for the upcoming Assembly elections, promising a range of welfare measures focused on women, education, and economic development, including financial assistance and job creation initiatives.
From a modest salary to Rs 1 crore, here's Ramalingam Kalirajan's smart compounding blueprint for young earners
Union Home Minister Amit Shah addressed poll rallies in West Bengal, attacking Mamata Banerjee's TMC and promising development if the BJP wins the state elections. He accused Banerjee of appeasement politics and vowed to prevent the construction of a Babri Masjid-like structure in Bengal.
In an unusual move, US President Barack Obama has apologised to millions of "scary" Americans whose health insurance plans have been cancelled as a result of his signature health law.
Companies in the fast-moving consumer goods (FMCG) sector are losing favour with equity investors, with their price-to-earnings (P/E) ratio declining to its lowest level in six years, now trading at 38.8 times trailing earnings.
To plug claims mismanagement, the Insurance Regulatory and Development Authority of India (Irdai) is bringing reforms in the mediclaim segment.
Purchase health insurance early while you are disease-free. 'It might become very difficult to get a comprehensive health cover for someone who has already had cancer.'
Indian IT services companies are set to significantly increase their acquisition spending to $6.5-7 billion this year, up from $5 billion last year, as they seek to boost revenue and capabilities in areas like Cloud, data, enterprise platforms, and AI amidst a challenging economic environment.
Despite initial pressure from the West Asia conflict, analysts are optimistic about the Indian hospital sector's outlook, citing strong demand drivers and ongoing expansion plans that are expected to fuel significant revenue growth over the next few years.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Rahul Gandhi intensified the Congress campaign in Kerala, alleging collusion between the LDF and BJP, citing corruption cases and the drug issue in the state. He also criticised the LDF government's handling of the Sabarimala gold loss and unemployment.
'The government is putting insurance in the same category as food, which is essential for life.' 'Now this is an opportunity for the sector to focus on the consumer.'
'As we get older, our health risks increase, and this makes health insurance significantly more expensive for seniors.'
Electors in the upcoming Brihanmumbai Municipal Corporation (BMC) polls will be required to present either a voter photo ID card or any one of the 12 alternative identity documents approved by the State Election Commission to cast their vote, officials said.
Health insurance claims are often denied due to exclusions in policy terms. Buyers frequently overlook the fine print or misinterpret clauses.
General insurers in India have started campaigns highlighting the benefits of buying a student's travel insurance in India, as opposed to buying one offered by the university abroad, says Tinesh Bhasin.
