In 2024–25, the average Indian wedding cost has risen to nearly...
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Indian Non-Life Insurance Industry:Poised for significant growth in FY2026 & beyond
Notwithstanding geopolitical tensions and external headwinds, the...
Frame no-fault compensation policy for serious adverse events after Covid vaccination: SC to Centre
The top court delivered its verdict on pleas, including the one...
Insurtech firm Turtlemint seeks IPO approval submits confidential papers to Sebi
Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint is designed to simplify the purchase and man agement of insurance policies. The firm has sold 1.6 crore policies through its network of over five lakh advisers. New Delhi: Turtlemint Fintech...
GST cut to uplift demands for 2-wheelers and PVs: Crisil
“With the GST cut fully passed on, vehicle prices are expected to drop 5-10 per cent (Rs 30,000–60,000 on small PVs; Rs 3,000–7,000 on two-wheelers),” said Anuj Sethi, Senior Director, Crisil Ratings. New Delhi: Two-wheelers and passenger vehicles (PVs), which...
Air pollution is on the rise, says UN weather agency
“Air quality respects no boundaries. The smoke and the pollution that issues from the wildfires in this record-breaking season in the Iberian Peninsula has been detected over Western Europe already [and]…can travel basically throughout the rest of the European...
Cardiovascular diseases cause one-third of all deaths in India: Govt report
A report by Registrar General of India said that overall cardiovascular disease remained the leading cause of death, claiming nearly 31 per cent of lives, followed by respiratory infections at 9.3 per cent, malignant and other neoplasms at 6.4 per cent, and...
GST exemption may hit insurers in short term, but long-term gains likely: Experts
"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 direct...
SC takes note of landslides, floods; seeks response of Centre, NDMA and affected states
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...
Small cars, bikes up to 350 cc to get cheaper as GST reforms kick in
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...
18% GST on re/insurance premiums of retail Life and Health covers removed from Sept 22, insurers have to pass on benefits to customers: Sitharaman
``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 of these...
Tamil Nadu among India’s most insurance-aware markets: IMRB Kantar
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%...
GST Council meet on rate reform begins; TDP supports, opposition bloc seeks revenue protection
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...