Niva Bupa is a casualty of GST removal on individual health insurance because the removal of GST has significantly reduced the cost of health insurance for individuals, making Niva Bupa’s premiums less competitive. As a result, the company is facing a decline in sales and revenue, ultimately affecting its business operations and profitability. The removal of GST has led to a decrease in the premium amounts that individuals have to pay, making Niva Bupa’s offerings less appealing to customers who are now opting for more affordable options. This has put pressure on Niva Bupa to revisit its pricing strategy and restructure its products to remain competitive in the market.

Niva Bupa is a casualty of GST removal on individual health insurance because the removal of GST has significantly reduced the cost of health insurance for individuals, making Niva Bupa’s premiums less competitive. As a result, the company is facing a decline in sales and revenue, ultimately affecting its business operations and profitability. The removal of GST has led to a decrease in the premium amounts that individuals have to pay, making Niva Bupa’s offerings less appealing to customers who are now opting for more affordable options. This has put pressure on Niva Bupa to revisit its pricing strategy and restructure its products to remain competitive in the market.

by | Sep 21, 2025 | Insurance, Kotak Life, Niva Bupa, Star Health and Allied Insurance

The recent changes to the goods and services tax (GST) rate on insurance have put Niva Bupa Health Insurance Co. Ltd in a difficult position. The company must decide whether to remain competitive by not raising premiums, thereby sacrificing profit margin, or to become...
Niva Bupa is a casualty of GST removal on individual health insurance because the removal of GST has significantly reduced the cost of health insurance for individuals, making Niva Bupa’s premiums less competitive. As a result, the company is facing a decline in sales and revenue, ultimately affecting its business operations and profitability. The removal of GST has led to a decrease in the premium amounts that individuals have to pay, making Niva Bupa’s offerings less appealing to customers who are now opting for more affordable options. This has put pressure on Niva Bupa to revisit its pricing strategy and restructure its products to remain competitive in the market.

The Insurance Ombudsman has released a report revealing the top insurers with the maximum number of grievances. The report provides insight into the performance of insurance companies in terms of customer satisfaction and complaint resolution.Some key points from the report include: 1. The names of the top insurers with the maximum grievances have been disclosed, allowing consumers to make informed decisions when choosing an insurance provider. 2. The report highlights the types of grievances received by the ombudsman, including claims-related issues, policy servicing, and premium disputes. 3. The data provides a comparison of the grievance rates among different insurance companies, enabling customers to assess the quality of service offered by each insurer. 4. The Insurance Ombudsman’s report also outlines the steps taken to address and resolve the grievances, ensuring that customers’ concerns are heard and addressed. 5. The release of this information aims to promote transparency and accountability within the insurance industry, ultimately benefiting consumers by encouraging insurers to improve their services and reduce grievances.

by | Sep 16, 2025 | Care, Insurance, Niva Bupa, Star Health and Allied Insurance

The Insurance Ombudsman’s Annual Report for 2023-24 has revealed a significant increase in complaints against health insurance companies in India. The report shows that the total number of complaints against health insurers rose by 21.7% to 31,490 in FY 2023-24,...