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GoM backs Centre’s proposal to scrap 12% and 28% GST slabs: Samrat Choudhary

GoM backs Centre’s proposal to scrap 12% and 28% GST slabs: Samrat Choudhary

by AIP Online Bureau | Aug 21, 2025 | Eco/Invest/Demography, Health, Indian News, Regulation

Samrat Choudhary,,Deputy Chief Minister,Bihar The GoM also reviewed the Centre’s suggestion to exempt GST on individual health and life insurance premiums. While most states supported the idea, they flagged the need for strict oversight to make sure insurance...
Govt proposes removing entire 18% GST on retail health and life insurance: Samrat Choudhary

Govt proposes removing entire 18% GST on retail health and life insurance: Samrat Choudhary

by AIP Online Bureau | Aug 20, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life

Finance Minister Nirmala Sitharaman chairs a meet of group of ministers(GoM) on GST rationilsation on Wednesday Bihar Deputy Chief Minister Samrat Choudhary said the Group of Ministers (GoM) on Goods and Services Tax (GST) will propose exempting health and life...
Centre pushes financial inclusion with insurance, health schemes for all

Centre pushes financial inclusion with insurance, health schemes for all

by AIP Online Bureau | Aug 18, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Pankaj Chaudhary,Minister of State for Finance According to the minister, to streamline access, the government has also launched a Jansuraksha portal with detailed information on the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima...

UK’s UIB group exits Indian re/insurance broking market, merges local JV with Edme

by AIP Online Bureau | Aug 11, 2025 | Indian News, Intermediaries, Reinsurance

The exact details of the deal has not been disclosed by either parties. UIB Group had a miniority stake in the Indian insurance broker with Indorama SPL Group and Lucas & Mayo Group as majority shareholders Mumbai: UK based UIB Group, one of the largest...
Nigeria insurance stocks gain most in almost 20 yrs on new law

Nigeria insurance stocks gain most in almost 20 yrs on new law

by AIP Online Bureau | Aug 11, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

The law, approved by Nigeria’s President Bola Tinubu, which makes insurance for property and other assets mandatory. encourages digitization and the creation of dedicated policyholder protection funds, is expected to transform the insurance industry in Africa’s most...
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