GST cut lifts life insurance premium to record Rs 4.6 lakh crore in FY26
The life insurance industry reported a three-fold jump in growth, with new business premium (NBP) rising 16% year-on-year to a […]
Insurance Industry News
GST waiver, tax benefits push up entry-level health insurance cover sizes
The size of entry-level health insurance covers has been rising in the current financial year, driven largely by the waiver
One in three policyholders did not benefit from GST cut on insurance premiums, survey says
Despite the Union government’s decision to reduce Goods and Services Tax (GST) on life and health insurance premiums to 0%
Star Health Insurance sees 50% increase in new policy demand post GST cut on health insurance
Chennai-based Star Health Insurance has seen a strong surge in demand post the removal of Goods and Service Tax (GST)
Has 18% GST exemption on insurance reduced premiums? Govt answers in Parliament
The Indian government confirmed on Wednesday that a recent GST exemption for insurance had lowered costs for policyholders. The GST
Systematix sees life insurance sector to gain post-GST cut; check top picks
India’s life insurance industry offers a long-term growth opportunity, supported by low penetration, a large protection gap and favourable demographics,
LIC takes ₹1,400 crore hit from loss of GST-linked input tax credit
Life Insurance Corp. (LIC) has taken a hit of ₹1,400 crore due to the loss of input tax credit after
No GST On Life And Health Insurance Premiums After Council Nod: Govt
The government has exempted GST on all individual life and health insurance policies, including family floater plans, following a recommendation
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
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
