Insurance

Balancing cost and coverage gets tricky when your family’s health needs are at different stages of life.

What insurance do gig workers or freelancers in India really need?

Without employer benefits, freelancers have to build their own safety net.

OPINION | Risk-based premium for deposit insurance provides banks with the right set of incentives

The move will reward safer banks with lower insurance cost and, thereby, foster a more robust banking system. On the flipside, increased cost burden on weaker banks may also make it harder for them to compete

Covered under CGHS scheme. Should you also buy a health insurance policy?

A health insurance policy offers cashless hospitalisation across thousands of hospitals across the country. This provides flexibility and convenience, especially during emergencies or when specialised care is needed

Insurance agents & associations likely to take up GST issue with IRDAI, Finance Ministry

While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental and United India have decided to absorb loss

CGHS rates revision 2025: Key changes in package rates and eligibility

In the first major overhaul of the scheme in 15 years, the Centre has revised the rates of nearly 2,000 medical procedures, accepting the industry's long-pending demand. The new rates will come into effect on October 13

World Heart Day: Health insurers now offering cover for pre-existing heart conditions from Day 1

Opting for a plan with Day-1 cover might increase monthly premiums but can save thousands in emergency treatment costs

Mobile protection plans explained: Coverage, claims and peace of mind

Screen and liquid damage protection is typically offered through extended warranties or insurance plans purchased from the retailer, manufacturer, or third-party providers

Visa rejection: Will your travel insurance policy cover trip cancellation expenses?

Specially-designed riders may protect you from losses on cancelled trips, but be aware of the restrictions and exclusions.

Is unlimited sum insured the best safeguard against rising hospital bills?

Even relatively large covers of Rs 20 to Rs 30 lakh can look inadequate over a 15- or 20-year horizon when medical inflation is consistently running in double digits

Minor car accident: Should you claim insurance or pay from pocket?

Even minor car accidents raise a big question: is it smarter to use your insurance or pay cash?

Health insurers offering 'Day-1' protection against diabetes for higher premiums

Most health insurance plans impose a 2–3 year waiting period for pre-existing diseases like diabetes. Some may offer early cover but at the cost of higher premiums or disease-specific co-payments.

Little sympathy for insurers now, they should offer innovative products: Sanjeev Sanyal on GST exemption

Sanjeev Sanyal said there is no pressure on the next generation of entrepreneurs to innovate. "I certainly don't think there is a case for protecting entrepreneurs who feel that they can sit and run family offices from Dubai. Why should we be protecting that?," the EAC-PM member said.

Why retaining employee-funded group health insurance add-ons makes sense despite no GST exemption

Group health covers offer several advantages over retail policies, including smoother claim settlement, no waiting period for pre-existing diseases, which are critical for employees' elderly parents, in particular.

Micro-covers turning 'push' insurance into 'pull' products, says Universal Sompo CEO

Regulators are also examining structural reforms such as monoline alongside composite licenses, which could reshape the way insurers operate in India, Mathur says

Bima Sugam's website launched, insurance platform to go live in phases

Aimed as a unified digital marketplace for life, general and health insurance, Bima Sugam’s features will be rolled out in phases, focusing on security, compliance and scalability.

9% of Aditya Birla Health Insurance customers got 6–100% premium refunds for staying active, says Mayank Bathwal

'The industry will likely grow 15–20% this year, and we at Aditya Birla Health are growing faster around 40%. But yes, if costs continue to rise at 12–14%, it will reflect in premiums,' said the CEO of Aditya Birla Health Insurance

GST rate cut buzz likely to have dampened insurance sales in August

Consumer deferrals on GST expectations, along with crop drag, high year-ago base, and seasonal headwinds, made August a rare weak month for insurers after three months of strong growth

GST cut likely to boost individual protection, but revival will be gradual, say analysts

The effect on volumes, product mix and profitability will depend on how distribution channels adjust, how insurers reprice to offset the loss of input tax credits, and whether employers push individual policies over group benefits.

Can unlimited health insurance eliminate the fear of falling short of coverage?

A clutch of health insurance companies are now offering health insurance policies without any cap on the sum insured. Can they end the anxiety around inadequate sum insured?

Health and term insurance go GST-free ahead of September 22 rollout

"Since underwriting and policy issuance often take time, customers can now buy their policy today without paying GST, with coverage beginning from 22nd September."

Finance ministry to meet hospitality, insurance, textile stakeholders this week on passing GST benefits to consumers

The meetings come in the wake of mixed reviews from certain sectors around the relief offered through GST reforms given the removal of input tax credit under the new rates.

GST on insurance: Policyholders have a lot to know post GST 2.0, here's why

Here’s everything policyholders need to know about the GST cut on future premiums and policy benefits

Can you lower your health insurance premiums by reducing the base sum insured?

Lowering the sum insured decreases the cost each year but raises the risk of underinsuring when medical costs strike.

Renewal premiums will also be exempt from GST from September 22: Kotak Life CEO Mahesh Balasubramanian

Individual companies may adjust rates based on their portfolio performance, but an industry-wide premium hike in the near term is unlikely, the Kotak Life managing director has said