"The government of India is not considering revoking, amending or...
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AIIA signs MoU with GI Council to launch cashless ayurveda treatment across 32 insurance companies
The primary benefit of this MoU is the establishment of a cashless...
No insurers have revised premiums upward after GST relief announcement:Govt
The IRDAI collected prevailing premium rates as of September 3,...
World Suicide Prevention Day: Securing mental health
All age groups are affected by suicide and was the third leading cause of death among 15–29-year-olds globally in 2021, the last year for which data has been gathered by WHO More than 720,000 people commit suicide every year and many more attempt it. Now the head of...
Air pollution is on the rise, says UN weather agency
“Air quality respects no boundaries. The smoke and the pollution that issues from the wildfires in this record-breaking season in the Iberian Peninsula has been detected over Western Europe already [and]…can travel basically throughout the rest of the European...
Cardiovascular diseases cause one-third of all deaths in India: Govt report
A report by Registrar General of India said that overall cardiovascular disease remained the leading cause of death, claiming nearly 31 per cent of lives, followed by respiratory infections at 9.3 per cent, malignant and other neoplasms at 6.4 per cent, and...
GST exemption may hit insurers in short term, but long-term gains likely: Experts
"For term insurance, GST exemption could result in notable cost reduction, making them more affordable. On the other hand, insurers may lose eligibility for input tax credits. For ULIPs, these products contain a significant investment component; hence, the direct...
Insurance stocks in limelight as life and health insurance exempt from GST
Shares of Star Health and Allied Insurance Company skyrocketed 9.35 per cent, Niva Bupa Health Insurance Company zoomed 9 per cent, ICICI Prudential Life Insurance Company jumped 5.70 per cent, ICICI Lombard General Insurance Company rallied 5 per cent, Life Insurance...
New India to pass on maximum benefit of 18% GST exemption to retail Health Insurance customers
``As India’s most trusted insurance partner, New India Assurance takes pride in passing on maximum benefit accruing out of this exemption to our valued customers. NIA commits to put in all possible efforts to make Viksit Bharat 2047 a reality,...
18% GST on re/insurance premiums of retail Life and Health covers removed from Sept 22, insurers have to pass on benefits to customers: Sitharaman
``We have decided to remove 18 per cent GST from all individual Life and Health Insurance to make them affordable for common man and widen country' insurance coverage. The exemption on Health Insurance will also cover family floater. The reinsurance premium of these...
GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
The government had proposed completely exempting life and health insurance premium from Goods and Services Tax (GST), Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary had said earlier. Health and term insurance premiums may become cheaper if...
SC asks NGT to hear plea relating to noise levels at IGI airport
A bench comprising Justices BV Nagarathna and R Mahadevan passed the order while hearing an appeal challenging the NGT's decision refusing to issue further directions on noise pollution caused by the use of Runway No 29/11, which is used by over 50 per cent of flights...
Viral social media post on cashless denial of policyholder ‘baseless’: Niva Bupa
The LinkedIn post, from health insurance and investments advisor Avigyan Mitra, stated that the patient with a Rs 2.40 crore policy was allegedly denied a Rs 61 lakh cashless claim for the life-saving procedure. Stating the allegation being made against Niva Bupa...