The rising cost has a cataclysmic effect on economically weaker sections to whom even a marginal increase in the premium makes it inaccessible to purchase, says minister.

West Bengal CM Mamata Banerjee requested Union Finance Minister Nirmala Sitharaman to review the “anti-people taxation policies” and withdraw GST on life and health insurance premiums.

The BJP promised to extend the Ayushman Bharat coverage to people aged 70 and above during polls, but the 2024 Budget is silent on that, says an expert.

The co-payment and deductible clauses in a health insurance plan allow the policyholder to reduce the premium by sharing the claim amount based on a fixed percentage or amount.

Senior citizens are prone to age-related medical conditions, so health insurance is a must. However, the icing on the cake is the tax benefits that come with it.

Health is wealth; the older you get, the more meaningful this proverb becomes. Even if you have a huge wealth for retirement, it's meaningless if you are unhealthy. So, how do you remain healthy in old age?