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What Medical Tests are Required for Term Insurance?

Many term insurance providers ask policyholders to go through medical tests before buying term plans. These tests are done to assess the health of the policyholder so that the insurance company can determine the risk profile. The premium of the term plan as well as the sum assured and policy period are also decided as per this information. Read on to learn about the tests required.

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Proposed Budget Reforms: Lower GST and Enhanced Tax Exemptions for Health and Retirement Insurance

In the upcoming budget, the insurance sector has asked the government to consider a few reforms, including a reduction in GST rates on insurance premiums and a change in tax exemptions on health insurance. These changes are intended to make insurance more affordable and accessible to the larger population while addressing India's increasing healthcare and retirement challenges.

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