by AIP Online Bureau | Mar 25, 2025 | Breaking News!, Indian News, Life, Regulation
Swaminathan S. Iyer, Member-designate, Life, IRDAI “The Appointments Committee of the Cabinet (ACC) has approved the Swaminathan to the post of Whole Time Member (Life), Insurance Regulatory and Development Authority of India (IRDAI) for a period of five years...
by AIP Online Bureau | Jan 14, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance, Risk Management
India’s insurance market projected to be the G20’s fastest-growing market over the next five years, with total premium volumes (life and non-life) up 7.3% in real terms on average each year. Growth underpinned by macroeconomic tailwinds, digitalisation progress and...
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...
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...
by AIP Online Bureau | Nov 25, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy
Minister of State for Finance Pankaj Chaudhary informed the House that revenue generated from GST on healthcare and life insurance services was Rs 8,263 crore and Rs 8,135 crore, respectively during fiscal 2023-24, as against Rs 7,638 crore and Rs 9,132 crore in the...
