GST reform drives record surge in Policybazaar’s insurance traffic
The implementation of nil Goods and Services Tax (GST) rates on individual health and life insurance premiums has led to […]
Insurance Industry News
GST Exemption to be a Drag on Life Insurers Q2FY26 Profitability
The recent GST exemption on life insurance premium is likely to impact the profitability of insurers for the July-September 2025
Government must go beyond GST reforms to deepen insurance penetration: IBAI
The Insurance Brokers Association of India (IBAI) has urged the Ministry of Finance to adopt additional measures beyond the recent
Multi-line general, health insurers log muted growth after GST revamp
Post the implementation of Goods and Services Tax (GST) reforms, multi-line general and health insurers recorded 1.94 per cent and
Insurance agents & associations likely to take up GST issue with IRDAI, Finance Ministry
Agents and industry associations are likely to take up the GST-related Input Tax Credit (ITC) issue with IRDAI and the
Input Tax Credit issue: Insurers to charge 18% GST on agents’ commission
Two weeks after the government reduced the Goods and Services Tax (GST) on health insurance premiums from 18 per cent
Insurers cut agent fees by 18% to offset input tax credit loss
Following the complete removal of 18 percent GST on retail life, health and accident cover insurance policies, some leading private
Post GST cut, insurance enquiries surge 61% in last week of September
The waiver of the Good and Services Tax (GST) on individual life and health insurance appears to be generating a greater interest
Private life insurers cut distributors’ commission to absorb adverse impact of GST waiver on insurance
As they pass on the Goods and Services Tax (GST) benefit to policyholders, private life insurers appear to have shifted
Insurers in talks to reduce distributor commissions following health insurance GST exemption
Insurance companies are in discussions to reduce the commissions paid to distributors, including web aggregators, banks and individual agents, following
