health insurance

Transforming Sex Work: Belgium Law Grants Sex Workers Health Insurance, Pensions, and Legal Protections

01 Dec 2024

The nation has made history as Belgium becomes the first country globally to introduce a wide legal framework that provides full employment rights for sex workers. This historic legislation is just following up on the decriminalisation of sex work, a move that took place last year in 2022. Sex workers...

Cabinet Sanctions ₹5 Lakh Health Insurance for Seniors Aged 70 and Over

12 Sep 2024

On Wednesday, the Union Cabinet, led by Prime Minister Narendra Modi, approved a significant expansion of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to include all citizens aged 70 and above. This move will provide health insurance coverage of up to ₹5 lakh per year to seniors, regardless...

What is Group Health Insurance and how is it beneficial for small businesses?

16 Aug 2024

There are different type of insurance policies available for individuals as well as for groups that provides certain benefits for the insured people as well as a beneficiary with financial security and health benefits. Group Health Insurance is continuously getting recognised among small businesses considering the immense benefits associated with...

IRDAI Sets 3-Hour Time Limit For Cashless Claims Approval In Health Insurance

30 May 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced significant changes to the regulatory norms governing health insurance policies. Issuing a comprehensive Master Circular on Health Insurance Products, the IRDAI has repealed 55 previous circulars. Under the new guidelines, the IRDAI mandates that insurers must grant final authorization...

Outlook on India’s Health Insurance in the next decade

27 May 2024

As India strides towards becoming the third-largest global economy by 2030, the health of its citizens emerges as a pivotal factor in achieving this ambition. Dr. S Prakash, MD & CEO of Galaxy Health and Allied Insurance Co Ltd, underscores the significance of ensuring the well-being of the populace through...

What Is Section 80D for Medical and Health Insurance | Explained

17 May 2024

One of the most valuable investments you can make is ensuring the well-being of yourself and your loved ones. To secure your finances against any health emergencies or issues, it is advisable to consider a health insurance policy. Health insurance provides financial assistance for quality treatment, making it an essential...

People above 65 too can buy Health Insurance: IRDAI

21 Apr 2024

Started from 1st April 2024, the Insurance and Development Authority of India (IRDAI), had recently announced that people above the age of 65 can now buy the insurance. In the old rule, people till 65 years of age were allowed to purchase new insurance policies. However, with new rule, the...

IRDAI eliminates age restrictions on health insurance purchase

20 Apr 2024

As of April 1, 2024, the Insurance Regulatory and Development Authority of India (IRDAI) has abolished the age limit for purchasing health insurance policies, signaling a significant change in India's insurance domain. Previously, there existed a restriction where individuals aged above 65 years couldn't acquire new health insurance policies. However,...