The Goods and Services Tax (GST) could be eliminated for term life insurance and health insurance for seniors.

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India stands on the brink of a significant transformation regarding the tax implications of term life insurance premiums and health insurance premiums for senior citizens. The GST Council is considering the possibility of exempting these essential categories from the Goods and Services Tax. This change could result in substantial savings for millions and encourage greater … Read more

Why Do Most Indians buy for Health Insurance Coverage of ₹5 Lakh or Less? Why are Health Insurance Premium high In India?

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In India, a large number of private health insurance policyholders are witnessing a concerning trend—rising premium costs coupled with an increasing number of claim rejections. 18% GST levied on premiums add to it, prompting many to forego policy renewals altogether. Healthcare remains one of the most significant expenses for individuals in India. With medical inflation … Read more

Licentiate exam helps in building a career in the Insurance Industry in India

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Upon certification, candidates can pursue various roles in the insurance industry, including Assistant Administrative Officer, Insurance Surveyor, Risk Manager, Underwriter, Claims Adjuster, Actuary, Insurance Consultant, and more. Potential employers include numerous Life Insurance and Non-Life Insurance companies across the country. The Insurance Institute of India (III) offers exams that certify and train candidates in different … Read more

Jobs in Health Insurance Claims

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Job description A Health Insurance Claims Job typically involves processing, evaluating, and managing claims made by policyholders under their health insurance policies. People in this role work with healthcare providers, policyholders, and insurance companies to ensure that claims are accurately processed, payments are made, and services are covered according to policy terms. Here’s a breakdown … Read more

Banking Exams in India

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Banks play an important role in the economic development and growth of any country. It converts savings into investments therefore leading to capital formation and economic development. To run this banking sector workforce is required. Ours is a country with a booming young population seeking employment in reputed organizations. People have always shown interest and … Read more

Financial Planning for Doctors: Key Considerations

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Doctors face distinct financial challenges and opportunities throughout their careers. Given the demanding nature of their profession and the extensive education required, effective financial planning is crucial for securing a stable financial future. This article provides a step-by-step guide to help doctors navigate the complexities of financial planning. 1. Emergency funds Unexpected financial emergencies can … Read more