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IRDAI simplifies norms for senior citizens availing Immediate Annuity products from NPS proceeds

by AIP Online Bureau | Mar 3, 2023 | Indian News, Pension & Social Security, Regulation

The exit form of NPS will be treated as proposal form for purchasing annuity, thereby reducing the time and efforts of senior citizens as well as insurers. Hyderabad: In order to bring ease of living for senior citizens, the insurance regulator IRDAI has relaxed the...
70 pc of senior citizens didn’t have access to proper healthcare during Covid: Survey

70 pc of senior citizens didn’t have access to proper healthcare during Covid: Survey

by AIP Online Bureau | Jul 9, 2022 | Eco/Invest/Demography, Facts, Health, Non-Life, Pandemic, Technology

An ageing population in India, along with a growing middle class and enhanced life expectancy, is expected to boost the demand for allied health care services in India, Antara said. New Delhi: Around 70 per cent of senior citizens did not have access to proper...

BJD MP urges GST Council to reduce tax on health insurance from 18% to 5% for sr citizens

by AIP Online Bureau | Dec 23, 2021 | Health, Indian News, Non-Life, Pension & Social Security

“In order to provide relief to our senior citizens, it is necessary to reduce the existing GST rates on health insurance policies from 18 per cent to five per cent or exempt senior citizens from any GST on purchase of health insurance,” Patnaik said in the letter...
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