MUMBAI: Regulator Irdai‘s decision to cut the waiting period for pre-existing diseases in health insurance from four years to three, starting from April 2024 will push up health insurance premiums, SBI General Insurance‘s chief business officer Rakesh Kaul said. The non-life arm of the country’s largest bank said that it has not decided how much … Read more
NEW DELHI: Transport minister Nitin Gadkari’s letter to finance minister Nirmala Sitharaman on reducing the GST on health and life insurance has struck a chord with most consumers, who have to shell out 18 per cent tax to cover their medical risk when quality healthcare is something that the Centre and states should have been … Read more
NEW DELHI: Amid growing demand for a cut, if not removal, of GST on health and life insurance, government on Monday told Parliament that the levy fetched it Rs 21,256 crore during the last three financial years, with Rs 8,263 being collected during 2023-24. Responding to a Parliament question, junior minister for finance Pankaj Chaudhary … Read more