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...
by AIP Online Bureau | Aug 19, 2025 | Articles, Eco/Invest/Demography, Non-Life, Policy
Rakesh Jain, CEO, Reliance General Insurance A key concern is the inverted duty structure, which leads to accumulation of unutilised input tax credits, as insurers are unable to offset taxes paid on many input services that attract higher GST rates. This mismatch...
by AIP Online Bureau | Jul 23, 2025 | Indian News, Regulation
“Applicable to all insurers (except reinsurers) with more than three years of operations, the framework mandates the appointment of an internal insurance ombudsman to address complaints involving claims up to Rs 50 lakh,” it said. New Delhi: Irdai on...
by AIP Online Bureau | Jul 17, 2025 | Indian News, Non-Life, Reinsurance, Risk Management, Technology
Led by Tanmay Gore, director of Intersys India, located in Mumbai, will address a key challenge in the market: the difficulty of assessing and pricing cyber risk for organisations that often lack dedicated IT security resources Mumbai: London based Cyber security and...
by AIP Online Bureau | Jul 15, 2025 | Indian News, Non-Life, Regulation, Reinsurance, Risk Management, Technology
“As part of enforcement function, to decide on the violations observed as regards the provisions of Insurance Act and Regulations issued there under, with respect to certain Insurers/Insurance Intermediaries, panels of Whole-Time Members were formed,”...
