Among the series of Cabinet decisions announced last week, the one to extend the Ayushman Bharat health insurance scheme to all citizens aged 70 and above, irrespective of their income, was the one that grabbed the most headlines. The Pradhan Mantri Jan Arogya Yojana currently provides a ₹500,000 health coverage for the poorest 40% of … Read more
The Union government has extended the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY), which covers all citizens above the age of 70 years, irrespective of their income. This extension is aimed at providing health insurance coverage to ₹5 lakh per family per year to approximately 4.5 million families, benefiting around six million senior … Read more
The number of women buying term insurance plans in India has increased by 80 percent in the last two years, according to PoliticsBazaaThe latest data from R was released on Tuesday. This increase reflects greater financial awareness and inclusion among women. The analysis also highlights a growing preference for plans with greater coverage, with women … Read more
3 minutes reading time Last update: September 10, 2024 | 21:15 IS Financial services conglomerate Shriram Group plans to list its general insurance division first, followed by the life insurance company, Shriram Finance Executive Vice President Umesh Revankar said on Tuesday. The Chennai-based company’s two subsidiaries, Shriram General Insurance and Shriram Life Insurance, are likely … Read more
Illustration: Ajay Mohanty 2 minutes reading time Last update: September 5, 2024 | 20:28 IS The Insurance Regulatory and Development Authority of India (Irdai) on Thursday asked insurance companies to enable their IT systems to interact with Digilocker, enabling policyholders to use the service effectively. In its Master Circular on Protection of Interests of Policyholders … Read more
The new “Special Care Gold” policy offers personalized medical coverage for people with disabilities. | Representative image 2 minutes reading time Last update: September 5, 2024 | 1:27 PM IS Star Health and Allied Insurance, a health insurance company, has introduced a Braille insurance policy, the company said in a statement. This initiative aims to … Read more
Various media reports suggest that the 54th GST Council meeting will discuss the possibility of removing the 18% GST on term life insurance premiums. Various stakeholders in the insurance industry have been advocating for such removal for a long time. The 54th meeting of the Goods and Services Tax (GST) Council is scheduled to be … Read more
PMJJBY currently has over 200 million subscribers, while enrollments under the PMSBY scheme stand at 453.6 million | Photo: Shutterstock 3 minutes reading time Last update: September 2, 2024 | 10:24 am IS The central government is planning to increase the amount covered under two of its flagship insurance schemes – Pradhan Mantri Jeevan Jyoti … Read more
Aviva’s UK-based spokesperson said: “We do not comment on speculation or ongoing legal matters” | Representational An Indian tax agency has found that British insurer Aviva violated local regulations limiting commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to … Read more
Health insurance premiums in India are expected to rise as intense heat, incessant rains and dirty air trigger a range of illnesses, industry executives said. According to a UN report released in July, heatwaves this year have killed more than 100 people and left more than 40,000 in India. A Lancet study released the same … Read more
