Rs 5 lakh health insurance under Ayushman Bharat for senior citizens above 70 years: Who is eligible, benefits, how to apply
Ayushman Bharat health insurance: The government has given the green light for health insurance to be provided for all individuals aged 70 and above, regardless of their income, as part of the flagship initiative known as Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). This information was conveyed through a Press Information Bureau press release dated September 12, 2024.
SBI Life Insurance fined Rs 1 crore for regulatory violations; Irdai asks insurer to adhere to rules to settle death claims
SBI Life Insurance has been fined Rs 1 crore by the Insurance Regulatory and Development Authority of India (Irdai) for violating regulations related to outsourcing, insurance web aggregators. The insurer was found to have engaged with web aggregators without clear agreements specifying services and fees, failed to report outsourcing payments, and repudiated claims beyond the three-year period.
5 reasons health insurance claims get rejected
Every health insurance plan has a waiting period and, if a claim is made during the waiting period, it will be rejected.
Relief for policyholders: Will 18% GST on term life insurance premium be removed in the GST meeting on September 9, 2024?
The upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decision, if implemented, would provide much-needed relief to insurance customers who have been burdened by the additional tax. The 18% GST levied on life and health insurance premiums has been a contentious issue for several years, with various stakeholders calling for its removal.
Term plans should be your first life insurance policy: Amit Jhingran, SBI Life Insurance
"Term plans should be the first choice for anyone to start the journey of life insurance coverage. These plans provide substantial coverage at an affordable price. By focusing on protection, consumers can secure their financial future without compromising affordability," says Amit Jhingran, SBI Life Insurance.
