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Niva Bupa likely to file IPO DRHP with Sebi by early June to raise up to Rs 3,000 cr: CNBC-TV18

Niva Bupa is likely to raise nearly Rs 600-800 crore through fresh issuance of shares and the OFS size is likely to be between Rs 2,200-2,400 crore ....

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No, IRDAI has not eliminated any 65-year-age regulatory cap on issuing health policies to senior citizens. Here's what the norms mean

IRDAI skipped mention of the 65-year entry age provision in its regulations effective April 1, but this does not mean it has eliminated any ‘cap’ that existed until March 31. Contrary to the chatter, some insurers are actually reducing the maximum entry age under their regular health policies. Senior citizens who are rejoicing should watch out for this googly. ....

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Shorter wait for pre-existing illnesses, no disputes after five years of policy coverage: How new insurance rules will help policyholders

April onwards, claims that you make five years after buying your health policies will become incontestable as your insurer cannot reject them citing non-disclosure of health conditions at the time of policy purchase. ....

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GST on health insurance must be cut in Budget: Niva Bupa Health Insurance

GST on health insurance must be cut in Budget: Niva Bupa Health Insurance
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Income tax relief: Medical cost doubles in 5 years, will Budget 2024 increase Section 80D limit for health insurance?

Budget 2024: The cost of treatment for common ailments that require hospitalisation has more than doubled in five years. A Rs-10-lakh health insurance, which could cover a family of three to five years back, is not adequate to take care of the medical needs now. The tax deduction limit of Rs 25,000 will not typically cover the premium of a health insurance cover of Rs 20 lakh for a family of two or more today. The insurance industry wants Budget 2024 to hike the limit of Section 80D. This move will enhance affordability and motivate individuals to prioritise their familys health. Know what insurance industry wants from Finance Minister Niramala Sitharaman in Budget 2024. ....

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