Make sure that the waiting period on pre-existing diseases does not exceed two years. Avoid policies that come with room rent and ICU capping, suggests Sanjay Kumar Singh.
'The retail industry is still growing in double digits.'
Purchase health insurance at an early age, before you incur a disease, as this makes access to health insurance difficult and raises the premium significantly.
'Pick a sum insured that realistically covers major hospitalisation costs in your city.'
Do you have health insurance/mediclaim queries? Rakesh Kaul, chief distribution officer, Edelweiss General Insurance, will answer your queries.
The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at the Business Standard BFSI Insight Summit 2025.
Some of these plans will weigh on your pocket. The increase in premium could also be large as you grow older.
Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. The events cumulatively slowed growth rate to single digits from the high teens seen earlier.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries on HEALTH insurance and AUTO insurance.
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH insurance and AUTO insurance.
Ashish Mehrotra, MD and CEO, Max Bupa Health Insurance, explains the changes we can expect in health insurance this year.
Some products offer terrorism cover as part of the base offering, while in others it is an optional cover.
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.
'A 25 year old buying a high-value policy now will be well covered even in his 40s.'
Aslam Hunani presents some of the frequently asked questions about health insurance in India.
The most common mistake is investing without assessing suitability and long-term implications.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries on HEALTH and AUTO insurance.
Join us for an online chat with health insurance expert Anil Rego between 2 pm and 3 pm on Wednesday, October 7.
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.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
The Centre has proposed exempting life and health insurance policies for individuals from GST, Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary said on Wednesday. Currently, health and life insurance premium attracts 18 per cent GST.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Govt could cut the GST rate payable every time someone buys a health insurance product; or it could also provide a larger income tax set off for those who buy a health insurance product
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
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.
These plans are suited for individuals and families with regular OPD needs -- those managing chronic illnesses and families with young children or elderly members.
Health insurance expert Anil Rego in an online chat with readers answers health insurance queries.
'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.'
National Insurance Company is going to come out with a new health policy for those above 60.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
There are few lapses in the healthy insurance proposals.
The Supreme Court has directed the Centre to explore providing insurance covers to defence cadets who suffer injuries or disabilities during training, emphasizing the need to support these 'braveheart cadets'.
Prime Minister Narendra Modi accused the TMC government in West Bengal of patronizing infiltration, leading to demographic changes and riots. He reassured refugees and promised action against illegal migration if the BJP comes to power.
While insurance companies are yet to finalise the premiums, there are chances that group health premiums could see an increase.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
You will lose out on discounts and have to pay a higher premium.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
'The kind of reach it has with so many bank branches even in the remotest part of the country, it is one channel which will play a very important role in vision of insurance for all.'
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