Healthcare

How health insurance industry can offer relevant products for Gen Y and Gen Z

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How health insurance industry can offer relevant products for Gen Y and Gen Z

In India, health insurance remains optional and the healthcare system is divided into public and private sector, with free healthcare services available only at government facilities under the public sector. Industry estimates reveal that the health insurance market is significantly underpenetrated, with nearly 40 million people lacking any health cover. Lack of awareness, affordability issues … Read more

Healthcare in Retirement: How to insure yourself amid rising medical costs

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Healthcare in Retirement: How to insure yourself amid rising medical costs

Medical inflation ranges from 15% to 45% compared with normal inflation of 6-8% per annum. With more people falling prey to lifestyle diseases, retirees have to deal with the astronomical costs of medical treatment for not only themselves but their spouses as well. Spending on the healthcare sector has increased tremendously in the past few … Read more

’Budget 2024 erases healthcare from national priority’

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’Budget 2024 erases healthcare from national priority’

The Union budget for 2024-25 is surprisingly silent on health, said Prof K Srinath Reddy, a leading public health expert and former president of the Public Health Foundation of India (PHFI) on Wednesday.  While infrastructure and employment are undoubtedly vital for India’s development, he said, it was as if the budget wished to erase any … Read more

Allow tax deduction for health insurance in the new regime, says ICAI chief

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Allow tax deduction for health insurance in the new regime, says ICAI chief

Taxpayers are expecting stab-rate changes and higher deductions in the old tax regime ahead of the 31 July deadline for filing income tax returns, but Ranjeet Kumar Agarwal, president of the Institute of Chartered Accountants of India believes the old tax regime could be discontinued in phases. While he is not in favour of offering … Read more

Prashant Jain’s AIF returns 58% in its first year, with little help from SMID caps

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Prashant Jain’s AIF returns 58% in its first year, with little help from SMID caps

Former HDFC AMC chief Prashant Jain’s 3P India Equity Fund 1 has comfortably beaten the Nifty 50 index in its first year, despite largely ignoring small and mid cap stocks. According to the latest data, as of 28 June, the category-3 alternative investment fund (AIF) delivered a 58.4% return since it was launched in May … Read more

Is a 40-50% hike in annual health insurance premium on renewal possible?

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Is a 40-50% hike in annual health insurance premium on renewal possible?

Is there a limit on how much insurance companies can increase renewal premiums by? As individuals age, could they face a 40-50% hike in premiums? —Name withheld on request. Unfortunately, there’s currently no cap on health insurance premium increases in India. This, indeed, can be a burden, particularly for older individuals. While premiums can rise … Read more

5 key reasons health insurance is crucial for young adults’ future security

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5 key reasons health insurance is crucial for young adults' future security

The new to health individuals, represented by young adults and Gen Z, are today demonstrating a forward-thinking and practical approach to financial matters, understanding the importance of long-term financial well-being. Amid their daily personal and work responsibilities, taking care of their health has become a top priority. As a financially savvier younger generation they see … Read more

The AI doctor will see you…eventually

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The AI doctor will see you…eventually

There is already evidence that AI systems can enhance diagnostic accuracy and disease tracking, improve the prediction of patients’ outcomes and suggest better treatments. It can also boost efficiency in hospitals and surgeries by taking on tasks such as medical transcription and monitoring patients, and by streamlining administration. It may already be speeding the time … Read more

Mother’s Day 2024: Top 5 crucial reasons why mothers shouldn’t overlook health insurance

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Mother’s Day 2024: Top 5 crucial reasons why mothers shouldn't overlook health insurance

As a mother, your love knows no bounds when it comes to taking care of your family. From nurturing your children to supporting your spouse, you juggle multiple roles effortlessly. However, amidst the daily hustle, it’s crucial not to overlook your own health and well-being. One of the most effective ways to safeguard yourself and … Read more

Lok Sabha polls 2024 and Indian stock market: IT, Auto among top 5 picks for this season

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Lok Sabha polls 2024 and Indian stock market: IT, Auto among top 5 picks for this season

There are definite data points and trends that investors can look at to chart out their equity map during India’s moves in the elections. “Irrespective of election outcome, markets have delivered double digit returns during the election year,” says Feroze Azeez, Deputy CEO, Anand Rathi Wealth. View Full Image Nifty Before and After Lok Sabha … Read more