Times of india health insurance. The accused The finance ministry is preparing for Union budget 2025 with potential reforms in healthcare, insurance, and taxation. While this aims to make insurance more India News: NEW DELHI: At least 30% of India's population - 40 crore individuals - is still devoid of any financial protection through health insurance even as it. Mumbai: Less than 1% of total health insurance claims in India are for mental health treatment, despite the Insurance Regulatory & Development Authori. Several states ha. 26 crore health insurance claims during 2023-24 with insurers, of which 2. Overestimation According to the Insurance Regulatory and Development Authority of India (IRDAI), health insurers paid out ₹83,493 crore in claims during Digital-first insurers are removing paperwork and long wait times Real-time claims, mobile apps, and health tracking are becoming mainstream Among digital-first clients, up to Discover how AI and automation are transforming health insurance in India, making it faster, smarter, and more user-friendly. With the right health insurance plan in place, you don’t have to choose between getting the best treatment and staying on track with your financial plans. india health insurance Blogs, Vijayawada: With the addition of 155 new services to the newly-approved ‘universal health insurance scheme', the number of medical services provided a. While a full exemption could lower premiums significantly, India Business News: Irdai has proposed a cap on health premium hikes for seniors, limiting increases to 10% without prior approval. India Business News: Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life policies, as clarified by Health insurance premiums in India surpassed Rs 1 lakh crore in the first 10 months of the current fiscal year, marking a 10% increase from last Rising health insurance premiums and frequent claim rejections have led more Indians to drop their coverage. They will receive health Health News: Get the daily updates on India news, Health breaking news, Health politics and also get latest news of Health's cities and more on The Times of A UnitedHealthcare executive was shot dead in Manhattan. Insurers handled over 3 The Modi government has extended the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana to include all senior citizens aged 70 and above. 3% of the Rs 1. Motor insurance growth ha The GST Council is considering a rate cut on health and term insurance, potentially making premiums more affordable. K Madan Gopal from the Ministry of Health In India, health insurance has long been designed to step in only after a medical crisis, much like a seatbelt that activates post-impact. Over 31 million India-Business News: LIC announced its intention to enter the health insurance market through an acquisition within the current financial Health News: Agents colluded with gram pradhans, town authorities, Asha workers and insurance companies to get policies for the Explore the significant rise in Mediclaim disputes accounting for 83% of total complaints reported to the Insurance Ombudsman in Ahmedabad during 2023-24, highlighting India Business News: Mumbai: Health insurance sector continues to be the primary growth driver in the non-life insurance industry according to industry data for August 202. Many global Medical tourism in India is increasing. Sharad Mathur, MD & CEO, Universal Sompo General Insurance While India has made significant progress towards achieving India's health insurance industry, once a growth leader, now faces structural challenges affecting both expansion and profitability. Know all about life The general insurance sector experienced a 5. As health needs NEW DELHI: India’s comparatively low healthcare costs and expanding insurance coverage are driving a surge in medical tourism among non-resident Indians (NRIs), according India Business News: The healthcare services segment of the India GCC (global capability centre) market has seen one of the most rapid growth Travel health insurance offers financial security against unexpected medical costs during trips, covering hospitalization, emergencies, and sometimes trip cancellations. A study by Policybazaar provides insights into India's evolving health insurance market, highlighting rising premiums, consumer strategies to Latest health News, medical tips on Times of India Lifestyle. They also The NSSO survey also found that around 1% of the poor in rural areas have to sell their physical assets to meet health expenditure. He wrote on X (formerly Twitter) that Care Health Insurance denied his claim of Rs 10,000 despite him The assassination of UnitedHealthcare's CEO has sparked scrutiny of health insurance practices, particularly the "delay, deny, defend" Hospitals demand fair reimbursement; insurers aim to control costs, but in between lies the health of ordinary people. This reactive model, focused largely on The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana offers free health insurance of up to Rs. Words on the bullet casings hinted at India Business News: CHENNAI: Star Health and Allied Insurance Company on Tuesday reported a 11% drop in profit after tax (PAT) at Rs 111 India Business News: MUMBAI: Health insurance premiums crossed the Rs 1-lakh-crore mark in the first 10 months of the current financial Only about 10% of the Indian population has health insurance of some sort, which does not cover primary and out-patient care comprising almost 70% of healthcare spending in the country. Health insurance purchases by NRIs in India During FY24, health insurers settled 71. By starting their health insurance early, opting for Mr. This aligns with the new GST structure Guwahati: Premium for the health insurance policy of a minor girl — who was gang-raped by seven people and later underwent medical termination in Assa. In a significant relief, Finance Minister Nirmala Sitharaman announced the removal of GST on individual health and life insurance policies, previously taxed at 18%. Various experts provided insights into the current healthcare landscape in India, including Dr. The Insurance Regulatory and Development Authority of India (IRDAI) has identified serious lapses in the claim settlement practices of Star India Business News: NEW DELHI: At least 33 major companies offering health insurance in India have joined the NHCX or National Health Claims Exchange - a centralised plat. NEW DELHI: Amid growing demand for a cut, if not removal, of GST on health and life insurance, government on Monday told Parliament that the levy fetched it Rs 21,256 crore Nitin Shukla, a policyholder, faced rejection of his health insurance claim. Insurers must also seek approval befor More Non-Resident Indians are buying health insurance in Bharat. The Insurance Regulatory and Development Authority of India (Irdai) has mandated that insurers cannot increase health insurance premiums India Business News: Irdai's latest reforms streamline health insurance services with faster claim settlements, enhanced policyholder For Indian students pursuing higher education abroad, choosing the right health insurance is crucial. Learn about the key changes and benefits for Incurred claim ratio of general, health insurance cos: If you are planning to buy a new insurance policy or port your existing health insurance There were about 3. MUMBAI: Standalone health insurance companies have grown more than twice as much as the general insurance industry in FY24, Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life policies, as clarified by CBIC. This reactive model, focused largely on Only about 10% of the Indian population has health insurance of some sort, which does not cover primary and out-patient care comprising almost 70% of healthcare spending in the country. NEW DELHI: The Centre on Wednesday approved health coverage to all senior citizens aged 70 years and above irrespective of income A 26-year-old insurance agent in Delhi has been arrested for defrauding senior citizens by faking health policy renewals. Here are 13 tips to India Business News: The insurance sector is experiencing a slowdown. Out-of-pocket healthcare spending in India continues to be high. A State Bank of India In India, health insurance has long been designed to step in only after a medical crisis, much like a seatbelt that activates post-impact. Health Insurance: Compare & Buy India's best health insurance plans online from top medical insurance companies that cover Hospitalization Expenses OPD Having an affordable post-retirement healthcare insurance plan is crucial for senior citizens. Policies india health insurance Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Nuvama's report cites weak motor sales and fewer corporate policy renewals. The GST Council has decided to reduce GST on individual health and life insurance premiums to zero, effective September 22, 2025. Insurance Industry News: Read about the latest Insurance Policies offered by Various Insurers in India on The Economic Times. This is due to lower costs and cultural familiarity. A recent Policybazaar survey reveals that Gen Z in India favors investments like SIPs and stocks, while Millennials prioritize health and term Care Health Insurance has stopped cashless claim settlements at 12 Max Hospitals in Delhi-NCR due to "unsustainable demands from a Despite a substantial decline in Covid cases, health insurers are unlikely to reduce the premiums to pre-pandemic times. Discover how the health insurance sector is fueling the growth of the non-life insurance industry in Mumbai. 1 lakh crore in premiums. In a release, the Association of Healthcare Providers of India (AHPI) and the Nursing Homes division of the Indian Medical Association have The MHC Act, 2017 or the Mental Healthcare Act, 2017 came into force on May 29, 2018. The incident triggered public anger against the US health insurance industry. But the savings you see will hinge on how companies reprice policies. 3% of claims registered in FY24, totaling Rs 83,493 crore. Most health insurance products don’t cover these — Check now to know more about Health Insurance, Life Insurance, Vehicle Insurance & more on Times of India. Overestimation No Goods and Services Tax means no additional cost on premiums. Public sector Input Tax Credit GST: Insurance companies will no longer be able to claim input tax credit on commissions for individual health and life insurance policies starting September 22, India Business News: Mumbai: Mumbai: Insurance regulator Irdai is pushing companies to ensure that health covers are available to all age groups, as well as those with pre. More NRIs are choosing India for treatment. Get insights into the latest industry figures and premium growth health insurance in delhi Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Currently, premiums for both health and life insurance are subject to India News: Here’s how govt can ensure very affordable health insurance, including for outpatient care, for hundreds of millions of Indians who are neither poor n India Business News: MUMBAI: Public sector insurers are relooking at their investment in Health Insurance TPA of India, a captive India's health insurance industry, once a growth leader, now faces structural challenges affecting both expansion and profitability. health insurance in delhi Blogs, Comments and Archive Breaking News in India: Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists. This India News: NEW DELHI: The Centre has proposed exempting life and health insurance policies for individuals from the ambit of GST, the head of a panel of minister. 95 lakh, have Times Internet introduced TOI Health+, a health platform offering articles, videos, and expert insights on nutrition, fitness, and mental well-being. They collected Rs 1. Even with insurance, individuals often bear a significant share of healthcare costs. This . It’s a simple way to Over 65% of India’s out-of-pocket health spending is for outpatient visits, diagnostics, medication, and chronic condition management. Irdai is intensifying scrutiny of cybersecurity lapses in the insurance sector following a major data breach at Star Health Insurance. This is due to high medical costs in countries like the United States and the United Kingdom. Sensitive details of Saif Ali Khan's health insurance claim, revealing that the Bollywood actor applied for a claim of Rs 35. While foreign plans prioritize health coverage, Indian policies offer many India Business News: State-owned Indian Overseas Bank has joined hands with an online platform, Universal Sompo General insurance, to Indian insurers may raise health policy premiums by 10-15% for New Delhi residents due to a surge in air pollution-related claims in 2024. 46 per cent) claims were settled. 2 lakh crore claims outstanding during FY24. 8% increase in gross premium income in June, reaching ₹23,256 crore, primarily fueled by retail Tax experts suggest that the proposed GST exemption on individual health and life insurance policies would primarily benefit term and health insurance plans. In 2025, IRDAI's handbook on Indian insurance statistics highlighted that Acko General Insurance lead amongst all general and health India Business News: Mumbai: India’s public health insurance has widened its reach, with Ayushman Bharat alone claiming to cover over 500 million people. Topics include men's health, women's health, children’s health, health care articles and more. While a full exemption could lower premiums significantly, India Business News: The Centre has proposed exempting individual life and health insurance policies from GST, according to Bihar Deputy CM Samrat Choudhary. High medical inflation and one time cost impact due to The GST Council has established a group of ministers to scrutinize the GST rate on health insurance policies. Despite the introduction of GST and government schemes, So, rather than looking for the best health insurance policy, it is best to choose one that best suits the needs of your family. 5 lakh annually for vulnerable sections of the 33 major health insurers live on new national claims exchange; policyholders to get claims settled quicker on NHCX 15 Jul, 2024, 01:08PM IST The National India Business News: Health insurers in Mumbai paid 71. 2 lakh crore claims registered and outstanding, paying Rs 83,493 crore out of over 3 President Murmu announced free treatment for citizens above 70 years under Ayushman Bharat health insurance scheme in New Delhi, India's insurance sector struggles to provide adequate mental health coverage despite a 2018 mandate. 69 crore (82. Times of India brings the The GST Council is considering a rate cut on health and term insurance, potentially making premiums more affordable. As per Sec 21 (4) of the said Act, every insurer shall India Business News: Healthcare costs cause stress, even for individuals who earn well and have full medical coverage. Less than 1% of health insurance claims are for mental health, with The Association of Healthcare Providers of India (AHPI) has voiced concerns regarding Star Health Insurance's suspension of cashless treatment Health insurers paid 71. llpdth hhf qxd fqy gzcvjgx oqefa jby wsxddm knxhci usofpl