CBDT issues guidelines on withdrawing tax break on fat insurance policies

[ad_1] New Delhi: The Central Board of Direct Taxes (CBDT) on Wednesday issued a set of detailed guidelines on the withdrawal of tax benefits on fat insurance policies which was announced in this year’s union budget. The detailed 17-page guidelines posted on the tax authority’s website explained the changes introduced in the Income Tax Act … Read more

Dr Shetty’s Narayana group to enter health insurance business – ET HealthWorld

[ad_1] For its insurance foray, Narayana Health incorporated a wholly owned subsidiary called Narayana Health Integrated Care MUMBAI: Cardiac surgeon Dr Devi Shetty’s Narayana Health group has sought a license from Irdai for a health insurance business. The group has set up Narayana One Health, and roped in insurance industry veteran Ravi Vishwanath to lead … Read more

Reliance insurance bags contract for Meghalaya universal health insurance scheme – ET HealthWorld

[ad_1] New Delhi: Reliance General Insurance Company Ltd on Tuesday said they have been awarded the contract for the implementation of Meghalaya’s health insurance for citizens. The RGICL will be implementing the Megha Health Insurance Scheme and the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana phase 6. “The contract is awarded after a competitive bidding … Read more

Prudential plans health insurance venture in India – ET HealthWorld

[ad_1] Mumbai: London-based Prudential is looking to set up a health insurance venture in India. The company, which is in a partnership with ICICI Bank for its life insurance and asset management business, may need to look for another partner as the latter has a non-life venture — ICICI Lombard General Insurance. There are five … Read more

The Biden administration proposes new rules to push insurers to boost mental health coverage – ET HealthWorld

[ad_1] Washington – President Joe Biden on Tuesday announced that his administration is moving forward with new rules meant to push insurance companies to increase their coverage of mental health treatments. The new regulations, which still need to go through a public comment period, would require insurers to study whether their customers have equal access … Read more

Individuals with pre-existing conditions must know this when buying health plans

[ad_1] Health Insurance: Healthcare costs are skyrocketing significantly. And, this is when health insurance comes in handy. The financial security of an individual is protected by having health insurance. With the ever-rising instances of diseases, health insurance today is a necessity. However, there are several things one needs to keep in mind at the time … Read more

PhonePe launches health insurance platform that allows monthly premium payments – ET HealthWorld

[ad_1] New Delhi: PhonePe Insurance Broking Services on Tuesday announced the launch of health insurance plans that will for the first time in India offer monthly subscriptions, a move that can reduce the burden of one-time payments for the citizens amid price pressures. The health insurance plans, in partnership with leading insurers, are introducing UPI … Read more

Motor insurance: A new add-on cover for private car owners. Know features

[ad_1] Bajaj Allianz General Insurance has launched a new motor insurance offering called V-Pay. The add-on cover is only for private car owners, not for commercial vehicles. Under this add-on, the insuree can report multiple minor paint chips and/or scratches anytime during the policy period. Mechanical and electrical breakdowns that are not a result of … Read more

Insurer slammed for ‘minimum hosp beds’ rule – ET HealthWorld

[ad_1] Surat: Flaying an insurer for rejecting the mediclaim for knee replacement over ‘minimum beds in hospital’ rules, the Navsari District Consumer Disputes Redressal Commission has ordered the company to pay the entire Rs 4.38 lakh hospital bill of a patient. The commission also slammed the state-run Oriental Insurance for misinterpreting its rules and adopting … Read more

Best health insurance for diabetes secures your health and wealth – ET HealthWorld

[ad_1] As lifestyle diseases are on the rise, many people nowadays live at risk of developing diabetes. Diabetes is a metabolic disease characterised by the blood glucose (blood sugar) level. Research findings indicate that diabetes is one of the key causes of blindness, kidney failure, heart attack, stroke, etc. According to the World Health Organisation … Read more