CTI Raises Alarm Over Soaring Health Insurance Premiums: In a significant move aimed at highlighting the growing financial strain on the middle class and small traders, the Chamber of Trade and Industry (CTI) has raised a red flag over the sharp rise in health insurance premiums in India. CTI chairman Brijesh Goyal, in a letter…
The Hidden Traps in Health Insurance: Health insurance is often seen as a safety net, a vital shield against the rising cost of medical care. Yet, despite its importance, many individuals remain unaware of the finer details that can make or break a claim. While we diligently pay our premiums every year, few of us…
Full Disclosures Key to Hassle-Free Health Insurance Claims: In a landmark judgment that could reshape the landscape of health insurance claims in India, the Supreme Court has emphasized the necessity of full and honest disclosure while purchasing an insurance policy. The verdict came in response to an appeal filed by Life Insurance Corporation (LIC) of…
Health Insurance in Crisis: In recent years, health insurance—once seen as a safety net—has morphed into a complex, expensive, and sometimes unreliable product. Once marketed with emotionally resonant slogans like “Sar Utha Ke Jiyo”, insurance promised peace of mind, protection from life’s uncertainties, and dignity even in the face of adversity. However, in today’s volatile…
Health Insurance in India Must Be Inclusive: India’s health insurance landscape has seen rapid evolution, yet several disparities remain unresolved. Health insurance accounted for a massive ₹1.18 lakh crore premium in FY 2024-25, forming about 36% of India’s general insurance premium. But a closer look at the data shows troubling asymmetries—both in terms of premium…
