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Expanding Life and Health insurance can boost ASEAN growth, says a Study

Expanding Life and Health insurance can boost ASEAN growth, says a Study

by AIP Online Bureau | Sep 23, 2025 | Eco/Invest/Demography, Health, International News, Life, Non-Life, Policy

In partnership with PwC, the study evaluates the social and economic impact of insurance in six ASEAN countries: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. A 50 per cent growth in non-life insurance coverage is projected to yield up to 3.1...
‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday

‘GST bachat utsav’: Taxes on wide range of goods, services to be reduced starting Monday

by AIP Online Bureau | Sep 21, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy

Underlining that the mantra of ‘Nagarik Devobhava’ is clearly reflected in the Next Generation GST reforms, the PM highlighted that when the income tax relief and GST reductions are combined, the decisions taken over the past year will result in savings exceeding ₹2.5...

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,...
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

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

by AIP Online Bureau | Sep 3, 2025 | Eco/Invest/Demography, Health, Indian News, Life

“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...
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