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...
by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life
“We have decided to remove 18 per cent GST from all individual Life and Health Insurance to make them affordable for common man and widen country’ insurance coverage. The exemption on Health Insurance will also cover family floater. The reinsurance premium...
by AIP Online Bureau | Sep 3, 2025 | Data, Eco/Invest/Demography, Life
Key insights revealed by a study initiated by Insurance Awareness Committee (IAC-Life) in collaboration with IMRB Kantar • 100% awareness of life insurance among respondents • 70% of non-policyholders intend to invest in life insurance within the next 3–6 months • 63%...
by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Policy, Workplace/Employee Benefits
The government had proposed completely exempting life and health insurance premium from Goods and Services Tax (GST), Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary had said earlier. Health and term insurance premiums may become cheaper if...
by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Gallagher Re estimated that the private insurance market and public insurance entities covered at least USD84B38 in losses from natural perils in 2025 HY, increasing from USD61B39 as originally reported for 2024 HY. This represents the costliest H1 for the industry...
