The Goods and Services Tax (GST) Council is expected to decide on new GST rates for health and term insurance policies during the meeting on September 9, 2024.

Government health insurance schemes are cheaper than those from private health insurers; however, the latter offers more customisation and possibly wider coverage of diseases.

When you avail of more than one insurance policy, it is called a split policy. Splitting the insurance policy can help the insured with greater flexibility in planning their insurance cover.

One out of three in urban West India have invested in a term plan; Mumbai tops in financial protection quotient amongst metros, with 100 per cent awareness of life insurance solutions

Term plans are an important risk mitigation tool that one should take as early as possible in one's career.