News
Mis-selling: RBI gets serious; issues draft norms banning third-party bundling, dark patterns
3+ hour, 3+ min ago (382+ words) MUMBAI: Within days of announcing to come out with a'stricter'direction to curb'the rising menace of'mis-selling of financial products, mostly insurance and mutual funds, the Reserve Bank has issued a draft direction proposing tighter norms on marketing and sale of financial…...
A look at the major changes proposed in the Insurance (Amendment) Bill
1+ mon, 3+ week ago (567+ words) The government is set to table the "Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025" in the Lok Sabha on Monday. The bill is a comprehensive legislative proposal aimed at significantly reforming India's insurance sector. The Bill proposes amendments…...
Kerala's NRI insurance scheme a model for others, says insurance firm head
4+ mon, 2+ week ago (299+ words) THIRUVANANTHAPURAM: The state government's newly launched NRI insurance scheme is a pioneering initiative that could serve as a model for other states, said Girija Subramanian, the CMD of New India Assurance, the official insurance provider for the scheme introduced by…...
Insurers see better days ahead with zero GST on life, health, personal accident and travel insurance
4+ mon, 2+ week ago (300+ words) MUMBAI: Insurers, who have changed their systems to pass on the benefits of the GST exemption to new customers (including those porting in to a new insurer) of life, health, personal accident and travel insurance policies, are expecting better affordability…...
Why insurance industry isn't happy about ‘nil’ GST proposal
5+ mon, 2+ week ago (274+ words) The Group of Ministers (GoM) on insurance is in favour of scrapping GST on premium paid for buying individual health and life insurance. This should bring a lot of relief to insurance buyers as currently 18% GST is levied on such…...
Zero tax on life and health insurance likely in new GST regime
5+ mon, 3+ week ago (394+ words) Most states have agreed to a zero tax on individual health and life insurance premiums" currently taxed at 18%"under the proposed Goods and Services Tax (GST) reform agenda, Bihar Deputy Chief Minister Samrat Choudhary said after a meeting of the…...
Private hospitals seek 1 per cent interest on delayed Ayushman scheme reimbursements
7+ mon, 1+ week ago (249+ words) NEW DELHI: Over two months after its formal launch, the Ayushman Bharat scheme is struggling to gain traction among the city's private hospitals. Major healthcare institutions such as Fortis, Gangaram, Max, Apollo, and BLK continue to stay away from the…...
MEDISEP govt insurance scheme to continue in present form till new deal
7+ mon, 3+ week ago (234+ words) THIRUVANANTHAPURAM: The MEDISEP insurance scheme for government employees and pensioners will continue in its current format for the time being. The government's agreement with Oriental Insurance, which ends on June 30, 2025, has been extended until a new arrangement is finalised. Recently,…...
Health Insurance EMIs: Key Factors to Consider Before Choosing an Instalment Plan
10+ mon, 2+ week ago (648+ words) IntroductionHealth problems and healthcare costs are rising rapidly, putting financial pressure on many. This is where having health insurance coverage can make ... Health problems and healthcare costs are rising rapidly, putting financial pressure on many. This is where having health…...