GST on Health Insurance Premiums: In a much-anticipated move, the central government is considering a proposal to reduce the GST on health and term insurance premiums from the current 18% to just 5%. This landmark decision could be finalized in the upcoming GST Council meeting, expected before the Monsoon Session of Parliament 2025. If implemented,…
Bajaj Allianz Launches State-Wise Health Insurance Plans: Bajaj Allianz General Insurance has made a game-changing move in the Indian health insurance sector by introducing state-wise customised health insurance plans, tailored to the cultural, linguistic, and healthcare needs of residents across the country. This is the first-of-its-kind initiative in India where health insurance policies are not…
Impact of Climate Change on Insurance: Climate change is no longer a distant threat—it is a present-day reality affecting individuals, communities, and industries globally. In India, the insurance sector is facing increased pressure due to a rise in extreme weather events such as Cyclone Amphan, the devastating floods in Assam and Kerala, and the intense…
Caring for Your Parents from Afar: Living away from your ageing parents is a deeply emotional experience, especially for Non-Resident Indians (NRIs). While video calls, messages, and occasional visits help bridge the emotional gap, one crucial aspect that often keeps NRIs worried is their parents’ healthcare needs. With age, medical requirements become more frequent and…
New Law on Social Insurance 2025: The Vietnamese government has introduced a transformative piece of legislation—the Law on Social Insurance (2025)—which will officially come into force on July 1, 2025. This law is a vital reform aiming to enhance long-term social security, increase benefits for insured individuals, and expand coverage to new groups of workers….
Health Insurance: Health insurance has evolved into a necessity rather than a luxury in today’s world, especially given the unpredictable nature of medical emergencies. With rising healthcare costs, even a minor hospitalization can severely impact your savings if you’re not adequately insured. Yet, despite being critical, health insurance remains one of the most misunderstood financial…
Role of Surveyors Report in Insurance Claim Assessment in India: In India’s insurance ecosystem, the role of a surveyor’s report is critical to ensuring a transparent and just evaluation of claims made by policyholders. Governed primarily by the Insurance Act, 1938, along with the IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015, the assessment of…
Policybazaar Monthly Mode Car Insurance Policy: In a move aimed at enhancing convenience and flexibility for vehicle owners across India, Policybazaar has launched a new monthly mode car insurance policy. This innovative policy is specifically designed to break the traditional mold of yearly premiums and offer short-term solutions for customers looking to manage their finances…
How to Avoid Insurance Claim Rejections: Insurance claims are designed to provide financial protection when unexpected challenges arise. Whether it’s a medical emergency, vehicle damage, or property loss, policyholders rely on insurance companies to cover their expenses. However, many claims get rejected due to various reasons, leaving individuals in a stressful financial situation. The frustration…