The Punjab Government is set to launch a ₹10 lakh cashless health insurance scheme, following the signing of an agreement with the United India Insurance Company (UIIC).

The Punjab Government is set to launch a ₹10 lakh cashless health insurance scheme, following the signing of an agreement with the United India Insurance Company (UIIC).

The Punjab government, led by Chief Minister Bhagwant Singh Mann, is set to launch a new health insurance scheme called ‘Mukh Mantri Sehat Yojna’ (MMSY) on January 15, 2026. The scheme aims to provide ₹10 lakh cashless health insurance cover to all...
The Punjab Government is set to launch a ₹10 lakh cashless health insurance scheme, following the signing of an agreement with the United India Insurance Company (UIIC).

On October 8, 2025, insurance agents and associations are likely to raise the issue of Goods and Services Tax (GST) with the Insurance Regulatory and Development Authority of India (IRDAI) and the Finance Ministry.

The insurance industry in India is facing a significant issue related to the Goods and Services Tax (GST) and Input Tax Credit (ITC). Private insurers have reduced distributor payouts by 15-18% to offset the loss of ITC, following the GST exemption on life and health...
The Punjab Government is set to launch a ₹10 lakh cashless health insurance scheme, following the signing of an agreement with the United India Insurance Company (UIIC).

The latest claim settlement ratio of health and general insurance companies was released by IRDA in 2025. According to the data, Navi and Acko have taken the lead, while Star Health and Zuno have fallen below the 90% mark.

The rising medical inflation has made it challenging for individuals to bear medical expenses without a comprehensive health insurance policy. In India, the Insurance Regulatory and Development Authority (IRDAI) releases an annual list of claim settlements by health...