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Healthy result: The removal of GST has made health insurance premiums about 18% cheaper for individual buyers. | Photo Credit: Getty Images/iStockphoto When the government announced a 0% GST on retail health insurance premiums on September 22, it was welcomed as a move that would make protection more affordable. But in the weeks since, it…
Image for representation only | Photo Credit: Getty Image/iStockphoto Among the many moving parts of a hospitalisation insurance policy is a key intermediary — the Third Party Administrator (Health Services), or TPA. TPAs handle claims management on behalf of insurers. Earlier, such work was done by the claims departments of the insurance companies, well-versed in…
Since its inception in July 2017, GST at the rate of 18% is levied on premium paid towards health insurance. (Image used for representation purpose only) | Photo Credit: Getty Images/iStock Photo Terming the GST Council’s decision to exempt insurance premium from the indirect tax as a landmark move, insurers said this will help make…
All individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST, Finance Minister Nirmala Sitharaman on September 3, 2025. (Representational image) | Photo Credit: Getty Images/iStock Photo Insurance stocks were in heavy demand on Thursday (September 4, 2025), with Star Health surging over 9%, as life insurance…
The Hyderabad district administration has brought orphaned children living in registered Child Care Institutions (CCIs) under the ambit of the Rajiv Aarogyasri Health Scheme. Until now, children residing in CCIs were excluded from the benefits of the Aarogyasri Health Insurance Scheme, leaving them vulnerable to critical illnesses without access to free secondary and tertiary care….
