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GST exemption may hit insurers in short term, but long-term gains likely: Experts

by AIP Online Bureau | Sep 5, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life

“For term insurance, GST exemption could result in notable cost reduction, making them more affordable. On the other hand, insurers may lose eligibility for input tax credits. For ULIPs, these products contain a significant investment component; hence, the...
SC takes note of landslides, floods; seeks response of Centre, NDMA and affected states

SC takes note of landslides, floods; seeks response of Centre, NDMA and affected states

by AIP Online Bureau | Sep 5, 2025 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Policy

SC was responding to a plea alleging illegal felling of trees as a key reason for such disasters. New Delhi: Taking note of the unprecedented landslides and floods in states such as Himachal Pradesh and Uttarakhand, the Supreme Court on Thursday sought responses from...

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,...
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