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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...
Future Trends: Tech-Driven Life & Annuities Insurance

Future Trends: Tech-Driven Life & Annuities Insurance

by AIP Online Bureau | Aug 22, 2025 | Articles, Eco/Invest/Demography, Life, Pension & Social Security, Technology

Intelligent platforms now analyze vast volumes of policyholder, advisor, and market data to inform pricing, product configurations, and engagement strategies. This intelligence enables micro-targeted solutions — not only tailored to individual policyholders, but also...
Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India

Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India

by AIP Online Bureau | Jul 18, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation, Reinsurance

Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V. on Friday entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance...
Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report

Indian insurance market expands by 10.6% to $145 billion in 2024, Allianz report

by AIP Online Bureau | May 27, 2025 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Reinsurance

While China (+7.8% p.a.) will continue to dominate the region in absolute terms, the real growth champion over the next decade is likely to be India (+10.5% p.a.) Mumbai: With a total premium income of USD 145 billion in 2024 , the Indian insurance market has showed...
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