GST reduction on term, health insurance premiums: BIG decision – What sources say
Government has held a key meeting with insurance regulator and industry stakeholders on the issue of GST reduction on health […]
Insurance Industry News
Premiums to fall as Govt finalises GST cut from 18% to 12 % on Term Life and Health cover with input tax credit (ITC)
In a move, that would cheer the customers of the Indian insurance industry, the government has now almost finalised the
Top insurance players on edge as Rs 5,500-crore GST battle looms
Top insurers are preparing for a long-drawn legal battle with GST authorities over a potential tax liability that could exceed
Min panel may propose 5% GST with ITC benefit on term plans
A ministerial panel tasked by the Goods and Service Tax (GST) council to explore feasibility of levying taxes on insurance
Centre rethinks on GST waiver for insurance
The Centre may push back against a proposal to give goods and services tax (GST) exemption for certain insurance policies,
Life insurers oppose GST exemption on term insurance, flag input tax credit concerns
Life insurance companies have opposed a proposal to exempt term insurance premiums from goods and services tax (GST), saying the
Budget 2025: Insurance industry awaits big push with GST waiver on health cover, annuity plans
Insurance industry is awaiting a big push in the upcoming Union Budget 2025-26 by way of waiver of GST on
Ex-IRDAI member calls for removal of GST on premiums to make it affordable
The goods and services tax on insurance premiums should be removed since insurance is a necessity, and this would make
Insurers want GST to continue on term plans
At a time when the ministerial panel on GST rationalisation is seeking to ensure that the benefits of lower tax
Budget 2025: Insurance honchos seek tax incentives for policyholders, reduction in GST
Union Budget 2025 is expected to play an important role in shaping India’s insurance sector when the government has set