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NEW DELHI: India’s gross Goods and Services Tax (GST) collection

Prime Minister Narendra Modi will begin his five-nation tour from

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NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month last year, according to

Prime Minister Narendra Modi will begin his five-nation tour from tomorrow. He will be visiting five countries in eight days, from July 2 to July 9, whereas his itinerary will

This is an AI-generated image, used for representational purposes only. In a move aimed at accelerating India’s innovation journey, the Union cabinet, chaired by Prime Minister Narendra Modi, approved the

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Drink loads of water – hydration is key. Don’t crash diet – losing weight too fast can make hair fall out. Mix things up – don’t just eat one or

Corridor map (Credit- MoRTH) NEW DELHI: The Union Cabinet has approved the construction of a 4-lane highway along the 46.7-km Paramakudi–Ramanathapuram section of National Highway-87 (NH-87) in Tamil Nadu, with

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NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month last year, according to

This is an AI-generated image, used for representational purposes only. In a move aimed at accelerating India’s innovation journey, the Union cabinet, chaired by Prime Minister Narendra Modi, approved the

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The new RailOne app will host all passenger services in one app. Indian Railways launches new ‘RailOne’ app: With an aim to bring more convenience to passengers, Indian Railways has

Market participants are awaiting commentary from the US Federal Reserve Chairperson for directional guidance. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in

Star Health urges lower costs for sustainability

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Star Health urges lower costs for sustainability

MUMBAI: The country’s largest standalone health insurer, Star Health and Allied Insurance, called for further reduction in distribution costs, including commissions, to make health insurance more sustainable. The company’s CEO, Anand Roy, said that while the current cap on management expenses stands at 35%, it should be reduced gradually by a percentage point every year. “We are among the few companies operating within the expense of management (EOM) limits,” Roy said, adding that “bringing this cap down over time is essential to bring down the cost of insurance.” He also called for GST waivers on health premiums for senior citizens and vulnerable groups and urged for greater regulation in healthcare delivery, which remains largely unregulated compared to the insurance sector.On medical inflation, Roy said that while the headline figure of 14%, which is always talked about in the industry, may not apply uniformly, it reflects the broad trend in the insured population. “For us, it may be closer to 8-10% depending on the hospital,” he said. He attributed rising costs to growing consumer preference for advanced treatments and high-end implants. Roy said moderate and regular hikes in premiums are inevitable but suggested discounts for customers maintaining good health as a way to keep premiums affordable. “Ideally, 2-3% of a family’s income should go towards health insurance,” he said, recommending higher allocations for those covering parents or in-laws.





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