Health Insurance

GoM Favors Scrapping GST on Health Insurance Premiums August 21, 2025 A ministerial panel has backed the Centre’s proposal to exempt life and health insurance premiums from the current 18% GST. The plan will be placed before the GST Council in September for a final decision.

GST on Health May Be Cut or Scrapped in Diwali Reform Push August 19, 2025 The government is preparing to lower the GST burden on health and term life insurance as part of a Diwali reform package. Prime Minister Modi confirmed next-generation GST reforms are on the way, while the GST Council has tasked a panel with recommending changes.

Medi Assist Gains Global Investor Backing After INR 578 Cr Stake Sale August 13, 2025 Medi Assist gains a stronger institutional footing as Citigroup, Goldman Sachs, and others acquire stakes in a ₹578 crore deal, marking Bessemer India’s complete exit.

Star Health & Medi Assist Launches AI-Led Claims Platform June 25, 2025 Star Health has partnered with Medi Assist to enhance claims processing through the AI-powered MAtrix platform, enabling faster decisions, better fraud control, and improved customer engagement.

Bajaj Allianz Launches First-of-Its-Kind State-Wise Health Policies June 20, 2025 Bajaj Allianz General Insurance has launched a state-wise health insurance product tailored to regional medical needs and treatment costs. The policies are available across 25 states and 5 UTs, offering flexible coverage, wellness-linked discounts, and cashless treatment. This initiative marks a shift from one-size-fits-all policies to more localised healthcare financial protection in India.

Over 81 Lakh Treated Under TN’s CM Health Insurance Scheme in 4 Years June 16, 2025 Tamil Nadu’s Chief Minister’s Health Insurance Scheme has provided free treatment to over 81 lakh citizens in the past four years. Significant initiatives include nutrition kits, doorstep healthcare, and vision care for children. The state’s IMR has dropped to 8, and it has won 545 awards for healthcare excellence.

ICICI Lombard Ramps Up Bets on Health Insurance, Eyes Strategic Buyouts to Fix Market Share Gap April 28, 2025 ICICI Lombard has ramped up its investments in the health insurance segment and indicated plans to explore strategic buyouts as it moves to address its underwhelming market share in retail health.

TATA AIG Rolls Out MediCare Select, Targets 35% Growth in Tier 2 & 3 Markets April 17, 2025 TATA AIG launches MediCare Select, expanding its hospital network and introducing new-age health insurance benefits.

UK’s Prudential Plc Partners with HCL Group to Launch Health Insurance Venture in India March 21, 2025 UK-based Prudential Plc has announced a strategic joint venture with Vama Sundari Investments, a promoter company of HCL Group, to launch a standalone health insurance business in India. The collaboration aims to align with the Indian government's "Insurance for All by 2047" vision, addressing the increasing demand for healthcare coverage in the country.

LIC Set to Enter Health Insurance Sector, Plans Major Acquisition, Says CEO Mohanty March 18, 2025 Life Insurance Corporation of India (LIC), the country’s largest state-owned insurer, is preparing to enter the health insurance market, with CEO Siddhartha Mohanty revealing that discussions are in advanced stages for the acquisition of a health insurer.

LIC in Talks to Acquire Stake in ManipalCigna Health Insurance: Report November 29, 2024 LIC is reportedly in talks to acquire a 50% stake in ManipalCigna Health Insurance, signaling a major move into the growing health insurance market in India.

GST on Life & Health Insurance: GoM Recommendations Awaited November 26, 2024 The GoM formed to address issues related to GST on life and health insurance will submit its recommendations to the GST Council upon completion of its review.