Insurance industry pitches for tax sops in Budget 2026-27, deductions under new tax regime, ITC anomaly fix
With Budget 2026 approaching, the insurance industry hopes for a hike in tax deductions, extension of tax benefits to the […]
Insurance Industry News
Budget 2026-27: Insurance industry bats for income tax relief for premiums
After the rationalisation of goods and services tax (GST) on insurance premiums, the insurance industry is now seeking enhanced income
Why Insurance Premiums Haven’t Fallen After GST Cut: Input Tax Credit Loss Blunts Consumer Gains
When the GST Council exempted individual health and term insurance policies from Goods and Services Tax (GST) with effect from
₹1 Crore Term Insurance Plans Get Cheaper: Understanding the Impact of GST Removal
The government’s decision to remove GST from term insurance premiums has made headlines in the financial sector. By removing the
Input tax credit loss to weigh on life insurers’ profitability in Q3FY26
The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life
GST exemption boosts life insurance sales 21% in Oct-Nov 2025, margins face ITC hit
India’s private life insurers saw a 21 percent year-on-year growth in October–November 2025 volumes after the goods and services tax
Average Health Insurance Cover Rises To Rs 19 Lakh After GST Removal
The average health insurance cover now stands at Rs 19 lakh, up 31 per cent after Goods and Services Tax
Post-GST Relief, Indians Opt For Bigger Health Covers And Longer Policies In 2025: Policybazaar Report
The average sum insured in India increased from Rs 14.5 lakh to Rs 19 lakh after GST removal on the
GST Exemption Boosts Health Insurance Coverage, Average Sum Insured Jumps 31%: Report
The government’s decision to exempt Goods and Services Tax (GST) on health insurance from 18 per cent to nil has
Insurance year-ender 2025: GST relief lifts demand, but cost pressures set the agenda for 2026
As 2025 draws to a close, India’s insurance sector is ending the year with steady premium growth, a sharper focus
