GST-cut led lower premiums aren’t enough to drive health insurance sector growth: Insurers

Mumbai: The recent exemption of retail health insurance from the goods and services tax regime has helped reduce premiums. But that alone is not enough to drive growth as the industry continues to battle issues such as high medical inflation, inadequate coverage, differentiated healthcare and claims experience, insurers said in a panel discussion at Mint’s…

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Why the insurance bill 2025 marks the industry’s biggest reform in decades

The bill seeks to amends three core laws—the Insurance Act, 1938; the LIC Act, 1956; and the IRDAI Act, 1999—to liberalise foreign investment, strengthen regulation, introduce new intermediaries, and accelerate insurance penetration in line with the government’s goal of ‘insurance for all by 2047’. It also aims to enhance protection for policyholders, which should boost…

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Why India’s foreign tourist numbers are set to disappoint in 2025

It is shaping up to be another difficult year for India’s tourism industry. Foreign tourist arrivals (FTAs) have struggled in the first nine months of the year and may once again fall short of pre-pandemic levels. The reasons are familiar—high costs compared with peer destinations, inadequate infrastructure, and lingering concerns around safety and security. This…

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