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September 4, 2025, 03:06 PM - 5 min read
One of the many outstanding decisions of the rationalisation is that GST has been exempted on individual life insurance, including term, ULIP, and endowment plans and reinsurance services. Currently, premium payment on such policies attracts an 18 per cent tax
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May 17, 2025, 06:07 PM - 2 min read
A survey has cast aspersions on the efficacy of health insurance in India, citing rising hospitalisation and medical costs
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June 11, 2024, 06:01 PM - 2 min read
According to IRDAI’s Master Circular on health insurance business, insurers must decide on cashless authorisation requests within one hour of receipt and grant final authorisation within three hours of receiving the discharge request from the hospital.
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May 28, 2024, 02:32 PM - 2 min read
LIC chairman Siddhartha Mohanty announced plans for LIC to enter the health insurance segment, potentially exploring inorganic growth opportunities, as expectations rise for composite licensing in the insurance sector following a parliamentary panel's recommendation.
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May 3, 2024, 01:36 PM - 2 min read
Identifying six major issues impacting policyholders, the survey highlighted concerns such as a lack of complete information about claim exclusions and eligibility criteria, confusion arising from complex contract language and technical terms, and claims being rejected due to pre-existing conditions.
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April 23, 2024, 06:08 PM - 2 min read
This development follows the pledge made by the ruling Bharatiya Janata Party (BJP) in its election manifesto, promising to include "everyone over the age of 70 years" under the government's Ayushman Bharat health insurance scheme.
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