Since its inception in July 2017, GST at the rate of 18% is levied on premium paid towards health insurance. (Image used for representation purpose only) | Photo Credit: Getty Images/iStock Photo Terming the GST Council’s decision to exempt insurance premium from the indirect tax as a landmark move, insurers said this will help make […]
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All individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST, Finance Minister Nirmala Sitharaman on September 3, 2025. (Representational image) | Photo Credit: Getty Images/iStock Photo Insurance stocks were in heavy demand on Thursday (September 4, 2025), with Star Health surging over 9%, as life insurance […]
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India is a diverse country, with different people demanding different outcomes from the same product. The insurance landscape is constantly transforming to cater to these evolving demands. The health insurance industry, which traditionally followed a standard approach to products, is also reinventing itself by innovating as per dynamic consumer needs. Keeping customer-centricity as the focal […]
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Recently, the new IRDAI Chairman Debasish Panda had said it was time life insurers re-entered the health vertical Recently, the new IRDAI Chairman Debasish Panda had said it was time life insurers re-entered the health vertical Insurance behemoth Life Insurance Corporation (LIC) is keen to re-enter the mediclaim segment as and when the regulator provides […]
Continue ReadingAll four public sector insurers incurred losses of ₹26,364 crore in the health insurance portfolio for the last five years due to higher claims in group policies, a CAG report said. “The losses of the health insurance business of PSU insurers either wiped out/decreased the profits of other lines of business or increased the overall […]
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