Versuchen GOLD - Frei
HEALTH INSURANCE WON'T COVER TRUE COST OF AGEING
Mint Kolkata
|May 08, 2026
Most recent conversations around Bima Sugam, the Insurance Regulatory and Development Authority (Irdai) -backed digital insurance marketplace, have focused on access—simpler purchases, standardized products, and possibly lower costs through zero-commission policies.
If executed well, this could reduce friction in buying and managing insurance. But for households dealing with ageing parents, this addresses only part of the financial reality. The more relevant question is not whether insurance is easier to buy, but whether it meaningfully covers the cost of ageing.
India is at an inflexion point. The Longitudinal Ageing Study of India (LASD said about 12% of the population is elderly, projected to rise to 319 million by 2050. This demographic shift will influence how families plan and allocate resources. Health insurance is central to household finance. The Irdai reports insurers settled 32.6 million health insurance claims worth ₹94,248 crore in 2024-25. Health insurance is now the largest non-life insurance segment, accounting for over 40% of premiums.
Diese Geschichte stammt aus der May 08, 2026-Ausgabe von Mint Kolkata.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Kolkata
Mint Kolkata
Suspicious betting in Washington is on the rise—and authorities are playing catch-up
Regulators are seeking information from Kalshi and Polymarket over wagers tied to political events and military operations
5 mins
May 18, 2026
Mint Kolkata
Chemical fertilizer cutbacks could aid Indian exports
Chemical fertilizers in India are heavily subsidized and import-dependent.
3 mins
May 18, 2026
Mint Kolkata
Govt digitizes green nods for projects
The government has digitized the compliance process for environmental clearances linked to industrial expansion, in a move aimed at easing regulatory burdens and accelerating project approvals, said two officials aware of the development.
1 min
May 18, 2026
Mint Kolkata
Hero lines up capex of ₹1,500 cr for FY27
Two-wheeler market leader Hero MotoCorp has earmarked ₹1,500 crore capex for fiscal year 2027 (FY27) to double its scooter production capacity, according to chief executive officer Harshavardhan Chitale.
1 min
May 18, 2026
Mint Kolkata
Making ego an ally, not an adversary
Having an ego isn't necessarily bad as a leader—the key is to use it in proportion with openness and a sense of lightness
4 mins
May 18, 2026
Mint Kolkata
Paradox of thrift
Is Keynesian advice relevant to India’s economy? Austerity, Keynes warned, could worsen an economic slump.
1 min
May 18, 2026
Mint Kolkata
Monsoon advances towards Kerala
India’s weather office on Sunday said conditions are turning favourable for the further advance of the south-west monsoon over parts of the south-east Arabian Sea, south-west and south-east Bay of Bengal, the remaining areas of the Andaman Islands and Andaman Sea, and parts of the east-central Bay of Bengal over the next two to three days, even as large parts of north and central India brace for intensifying heatwave conditions.
1 min
May 18, 2026
Mint Kolkata
Reply to mails, and more career advice for new grads
From email etiquette to ditching the ‘Gen Z stare’, this is the survival guide for your first year at the workplace
3 mins
May 18, 2026
Mint Kolkata
Planning a baby? Understand the limits of Day-1 newborn coverage
Maternity plans are often more valuable for newborn protection than for delivery-related reimbursement alone
4 mins
May 18, 2026
Mint Kolkata
IRFC plans to secure ₹28K cr via ECBs: CMD
Indian Railway Finance Corp. (IRFC) plans to raise ₹24,000-28,000 crore (less than $3 billion) through external commercial borrowings in what would be one of the largest overseas borrowing programmes by a state-run firm in recent years, chairman and managing director Manoj Kumar Dubey said, even as the financial markets remain rattled by the war in West Asia.
1 min
May 18, 2026
Listen
Translate
Change font size