Budget expectations: The upcoming Union Budget for 2025, scheduled to be announced on February 1, is anticipated to bring forth reforms to bolster the expansion and reach of the insurance industry in India. Given the sector’s upward trajectory in recent times, industry experts are optimistic about initiatives that could promote financial inclusivity and stability. Insurers … Read more
The decision to reduce tax rates on life and health insurance premiums was postponed by the GST Council during their 55th meeting on Saturday. Officials stated that additional technical details needed to be addressed, and therefore, the Group of Ministers (GoM) was assigned the task of further discussions. Bihar Deputy Chief Minister Samrat Chaudhary emphasized … Read more
The health insurance industry has grown in the last few years as more and more people are learning about the rising healthcare costs, disease awareness leading them to buy health insurance policies for themselves and their family members. These factors encourage individuals to purchase more health insurance, and the health insurance market is experiencing significant … Read more
The Central government, under the leadership of Prime Minister Narendra Modi, has extended the coverage of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) to include senior citizens above the age of 70. These beneficiaries will now receive an additional Rs 5 lakh in health insurance coverage. The government has also made PM-JAY available … Read more
The health cards for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) will be available from 2025. Ayushman Bharat is a significant healthcare initiative designed to achieve comprehensive health coverage, with a specific focus on rural and marginalised populations. The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) stands as the most extensive … Read more
The Union Cabinet’s recent decision to extend health coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to all senior citizens aged 70 and above is set to benefit 60 million senior citizens. However, the private sector hospitals and industry bodies have raised concerns about the programme’s long-term sustainability and its potential … Read more
The Centre’s move to expand the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) to cover citizens aged 70 years on Wednesday is a significant shift in India’s public healthcare landscape. By removing income-level restrictions, the scheme aims to offer much-needed health coverage to senior citizens, addressing their growing healthcare needs in the face … Read more
Budget 2024-25: Before each Budget, the allocation of funds and tax incentives for various sectors become prominent topics of discussion. Leading up to this year’s comprehensive Budget, experts and industry insiders have emphasized the need to increase the healthcare spending as a percentage of GDP. This would enhance accessibility, affordability, and most importantly, the overall … Read more
Union Budget 2024: Indian insurance firms have been expecting various tax exemptions from the Central government in the upcoming Union Budget to improve the appeal and accessibility of insurance products, thus encouraging wider adoption across the country. Insurers specialising in life coverage are advocating for tax relief on annuities and a reduction in the goods and … Read more
Lucknow: Health-tech company Docplix has raised Rs 1.2 crore in Bridge Round led by Inflection Point Ventures. The funds raised will be utilised for product development, AI integration, and market expansion. This will involve enhancing their EHR system, incorporating advanced AI capabilities to improve decision support and patient care, and expanding their market reach to … Read more