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Exemption of GST from life health premium to make insurance products affordable Insurers

by AIP Online Bureau | Sep 5, 2025 | Workplace/Employee Benefits

New Delhi: Terming the GST Council’s decision to exempt insurance premiums from the indirect tax as a landmark move, insurers said this will help make products more affordable and expand insurance penetration. Announcing the outcome of the 56th GST Council...

Insurance stocks in limelight as life and health insurance exempt from GST

by AIP Online Bureau | Sep 4, 2025 | Health, Indian News, Life

Shares of Star Health and Allied Insurance Company skyrocketed 9.35 per cent, Niva Bupa Health Insurance Company zoomed 9 per cent, ICICI Prudential Life Insurance Company jumped 5.70 per cent, ICICI Lombard General Insurance Company rallied 5 per cent, Life Insurance...
New India to pass on maximum benefit of 18% GST exemption to retail Health Insurance customers

New India to pass on maximum benefit of 18% GST exemption to retail Health Insurance customers

by AIP Online Bureau | Sep 4, 2025 | Health, Indian News, Life, Non-Life, Policy

“As India’s most trusted insurance partner, New India Assurance takes pride in passing on maximum benefit accruing out of this  exemption to our valued customers. NIA commits to put in all  possible efforts to make Viksit Bharat 2047  a reality,...

OAK Global launches dedicated retro Syndicate at Lloyd’s

by AIP Online Bureau | Sep 3, 2025 | International News, Non-Life, Reinsurance, Risk Management

The newly formed syndicate has received in principle approval to assume business incepting 1st January 2026, targeting approximately $75 million GWP in its first year London: OAK Global today announces that it will be launching a new strategic business unit, OAK...
Small cars, bikes up to 350 cc to get cheaper as GST reforms kick in

Small cars, bikes up to 350 cc to get cheaper as GST reforms kick in

by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Indian News, Policy

GST rates on small cars and motorcycles up to 350 cc, three-wheelers, buses, trucks, and ambulances has been reduced from 28 percent to 18 percent. New Delhi: Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday approved a complete...
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