SBI research report bats for nil GST on insurance premiums
Taxing insurance premiums at 18 per cent at a time when insurance penetration in the country is merely 4.2 per cent is, perhaps, not the best way forward. Instead, the…
IDBI Bank to sell entire stake in life insurance arm to JV partner
IDBI Bank will offload its balance 25 per cent stake in Ageas Federal Life Insurance Company (AFLI) to Ageas Insurance International NV. The board of directors has approved to sell…
Health insurance to cover 89 lakh families in Bihar
The state government will provide annual health insurance of Rs5 lakh to the poor families not covered under Pradhan Mantri Jan Arogya Yojana (PM-JAY). The new scheme, christened Mukhyamantri Jan…
Resolute announces the launch of its Family Health Design tools
Resolute, an integrated digital health & wellness service offering virtual care, precision wellness, and doctor-led programs for the whole family announces the launch of its family health design tools. Resolute’s…
Nova Benefits rolls out same-sex corporate health insurance cover for companies
Nova Benefits, an employee wellness platform centred on corporate health insurance, has announced the roll-out of LGBTQIA+ or same-sex corporate health insurance cover for companies, said a statement. The firm…
Covid-related health insurance claims doubled in FY22 due to Delta variant
Covid-19 cases may have eased in recent months and the third wave was not as severe as expected, but Covid related health insurance claims surged this fiscal, possibly led by…
Public awareness needed for health insurance
Health insurance awareness must be increased to help India overcome a poor global ranking in patient safety, said KIMSHEALTH Chairman and Managing Director, MI Sahadulla. Even while improving its personalised…
Insurers seek revision in premium for health products
Some Non-life Insurers, which had not revised rates during the pandemic, have now sought a revision in pricing to keep up with medical inflation. The regulator allows insurers to revise…
ICICI Lombard mobile app to provide health vitals
ICICI Lombard General Insurance is making available to all its app users a face scan diagnostic feature that provides within minutes vitals such as blood pressure, oxygen saturation, heart rate,…
IRDAI to relook at regulations to widen insurance penetration and give insurers more flexibility
The Insurance Regulatory and Development Authority of India (IRDAI) will relook at regulations, capital requirements and introduce new products to widen the penetration and give insurers more flexibility in their…