Star Health CEO Advocates for 12% GST on Health Insurance
Anand Roy, CEO and Managing Director of Star Health and Allied Insurance, has voiced support for a reduction in the Goods and Services Tax (GST) on health insurance premiums from…
Rising Seasonal Illnesses Drive a Third of Health Insurance Claims in India
A Surge in Claims Due to Seasonal Diseases The health insurance sector in India is witnessing a significant rise in claims due to seasonal infectious diseases. According to recent data,…
MDIndia Health Insurance TPA Pvt. Ltd. Announces Major Expansion with New Offices
Strategic Expansion MDIndia Health Insurance TPA is enhancing its service network with a new office in Patna and two additional locations. This move underscores MDIndia's commitment to providing top-tier health…
GST on Health & Life Insurance Generates Rs 21,000 Crore in Three Years
Significant Revenue Collection The government informed Parliament that GST on health and life insurance brought in Rs 21,256 crore over the last three financial years, with Rs 8,263 crore collected…
SBI General Insurance: Reduction in Wait Time for Pre-Existing Diseases to Increase Costs
Premium Increase Expected SBI General Insurance's Chief Business Officer, Rakesh Kaul, announced that IRDAI's decision to reduce the waiting period for pre-existing diseases in health insurance from four years to…
ED Summons Directors of Care Health Insurance in Money Laundering Probe
Investigation Details The Enforcement Directorate (ED) has summoned three independent directors of Care Health Insurance, a subsidiary of Religare Enterprises, in a money laundering investigation. The case involves a complaint…
Star Health and Allied Insurance Reports Q1 Profit Increase
Star Health and Allied Insurance has reported a remarkable financial performance for the first quarter of 2024, with profits soaring by 1818.72% year-over-year (YOY). The company announced these impressive results…
New India Assurance Raises Health Insurance Premiums by 10%
New India Assurance, the country’s largest general insurer, has announced a 10% increase in premiums for certain health insurance products, effective November 11, 2024. This adjustment aligns with recent changes…
States told to link patient records to Ayushman Bharat health accounts
The central government has directed all state administrations to link the health records of beneficiaries enrolled under different health schemes with the Ayushman Bharat Health Account (ABHA) ID in a…
Ayushman Bharat Scheme Expanded for Senior Citizens
President Murmu Announces Free Medical Treatment for Those Over 70 President Murmu has announced an extension to the Ayushman Bharat scheme, providing free medical treatment for citizens over the age…