Browsing: Health Insurance

The Group of Ministers (GoM) on Health Insurance had recommended exemption for pure term life insurance policies that cover family members, health insurance policies specifically for senior citizens and reducing the GST rate on all individual health insurance policies to 5%.

According to Policybazaar, there has been a consistent increase in the average claim payout from Rs 62,014 in FY23 to Rs 81,025 in FY25.