Health insurance costs will rise soon!
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Health insurance companies have proposed to increase the costs of health insurance with the government determined to enforce service tax on payments made by insurance companies to hospitals where policyholders had obtained cashless service in settlement of claims. The healthcare sector receives around Rs 6,000 crore by way of claims which are over 50% of the payments to the insured from the non life industry. Says Bhargav Dasgupta, MD & CEO, ICICI Lombard GIC,” The proposal to impose service ta...
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