Tag: life insurance
Cost of health, life insurance to come down if GST Council decides to reduce taxes on premium: FM
Finance Minister Nirmala Sitharaman on Monday said the cost of insurance to the policy holder is expected to come down if the GST Council recommends…
GST Council forms GoM to review tax rate on health, life insurance; report by Oct 30
New Delhi: The GST Council on Sunday constituted a 13-member Group of Ministers (GoM) to suggest GST rate on premiums of various health and life…
GST Council decides to form new GoM for health insurance premium
The much-anticipated announcement regarding a potential reduction in the Goods and Services Tax (GST) on health insurance premiums has been postponed to November meeting. In…
GST exemption: GST on insurance premiums: Karnataka in favour of exemption on products used by working class
Karnataka is expected to pitch for GST exemption on health and life insurance only on such products used by the working and lower middle classes…
Our business from policies above Rs 5 lakh is down by 10%: Kamlesh Rao, Aditya Birla Sun Life Insurance
Traditional plans with premiums above Rs 5 lakh have taken a hit, but the category still comprises the bulk of sales. Meanwhile, ABSLI is renewing…
25% urban Indians have no life insurance, GenZ least secure financially: Survey
Despite high awareness, term plan ownership is low among urban Indians, shows a Max Life Insurance survey. The Max Life Insurance India Protection Quotient 6…
50% of complaints against pvt life insurance companies in 22-23 were unfair business practice grievances: IRDAI
Fifty percent of total grievances lodged against private life insurers in 2022-23 were complaints about unfair business practices, according to the IRDAI’s annual report for…
input tax credit: GST Council likely to clarify premium on life insurance
(This story originally appeared in on Oct 09, 2023) NEW DELHI: The GST Council will soon provide clarity on input tax credit for life insurers,…
Sahara India’s life insurance business to be transferred to SBI Life
India’s insurance regulator has identified SBI Life Insurance Company Limited (SBI Life), which is one of the largest life insurers in the country, as the…
Life insurance stocks good bets now: 5 stocks with up to 37% upside potential
Budget proposals restricting tax benefits for non-Ulip insurance policies and increase in benefits in the new tax regime have heightened price volatility of insurance stocks….