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GST Council exempts tax on insurers’ contributions to  Motor Vehicle Accident Fund, defers any decisions on life and health covers

GST Council exempts tax on insurers’ contributions to Motor Vehicle Accident Fund, defers any decisions on life and health covers

by AIP Online Bureau | Dec 21, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Policy

No decision was taken with regard to reduction in GST on insurance premiums as the GoM needed more time to study the issue. Many inputs are awaited including the one from insurance regulator IRDAI, Finance minister Nirmala Sitharaman “It was felt any decision on...

Autism a significant health burden in India: Study

by AIP Online Bureau | Dec 21, 2024 | Data, Eco/Invest/Demography, Health

The study showed that India had 708·1 case of ASD per 100, 000 persons in 2021. Of these, 483·7 were females, while 921·4 were males. About 140 per 100,000 persons suffered poor health and disability due to ASD in India in 2021 New Delhi: Autism spectrum disorder...
HC asks Maharashtra govt for details on expenditure on medical infrastructure, budgetary allocation

HC asks Maharashtra govt for details on expenditure on medical infrastructure, budgetary allocation

by AIP Online Bureau | Dec 15, 2024 | Eco/Invest/Demography, Health, Indian News, Policy

The court was hearing a bunch of petitions, including one initiated suo motu (on its own), raising concerns over the high number of deaths at government hospitals in Nanded and Chhatrapati Sambhajinagar districts last year Mumbai: The Bombay High Court on Saturday...
Health, life insurance premium to fall if GST Council decides to reduce taxes on premium: FM

Health, life insurance premium to fall if GST Council decides to reduce taxes on premium: FM

by AIP Online Bureau | Dec 2, 2024 | Health, Indian News, Life, Policy, Regulation

Nirmala Sitharaman, Finance Minister “…The matter of review of GST rates on life and health insurance is pending before the GoM. If a recommendation for a reduction in GST rate is made by the GST Council, the cost of insurance to the policy holder is expected to...
LIC explores picking up stakes in Manipal Cigna Health Insurance

LIC explores picking up stakes in Manipal Cigna Health Insurance

by AIP Online Bureau | Nov 27, 2024 | Health, Indian News, Policy

According to sources in the insurance industry, LIC’s choice of Manipal Cigna is purely on the basis of cheaper valuation among the old stand alone health insurance companies   New Delhi: Life insurance behemoth Life Insurance Corporation (LIC) is considering...
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