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…
How Artificial Intelligence Controls Your Health Insurance Coverage: Over the last decade, artificial intelligence (AI) has dramatically reshaped multiple industries, and health insurance is no exception. Unlike doctors or hospitals that use AI to diagnose illnesses, predict outcomes, or tailor treatment plans, health insurance companies are deploying AI in a far more consequential way: to…
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…
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,…
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…
