by AIP Online Bureau | Nov 19, 2024 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation, Risk Management
Insurance premium growth forecast in real terms TotalNon-lifeLife 2024F2025– 2026F2024F2025–2026F2024F2025–2026FWorld 4.6%2.6%4.3%2.3%5.0%3.0%Advanced markets All4.1%2.0%4.3%1.9%4.0%2.0%North...
by AIP Online Bureau | Oct 19, 2024 | Health, Indian News, Life, Non-Life
The GoM to decide on the GST rate on life and health insurance met on Saturday and decided to exempt GST on premiums paid for health insurance with coverage of Rs 5 lakh for individuals other than senior citizens. New Delhi: Goods and services tax (GST) on term life...
by AIP Online Bureau | Oct 6, 2024 | Indian News, Life, Regulation
BC Patnaik, Member, Life, IRDAI Recently, Patnaik, who retired as a managing director of LIC in March 2023, has been selected as the director, National Insurance Academy(NIA) , Pune and is expected to take over his new academic assignment in mid Nov...
by AIP Online Bureau | Sep 26, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy, Regulation
A final call by the council on taxation of insurance premiums is likely to be taken in the next meeting in November, based on the GoM report New Delhi: The ministerial panel to decide on lowering goods and services tax (GST) on health and life insurance premiums will...
by AIP Online Bureau | Sep 9, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy
The council has recommended to constitute a Group of Ministers (GoM) to holistically look into the issues pertaining to GST on the life insurance and health insurance.The GoM members are Bihar, UP, West Bengal, Karnataka, Kerala, Rajasthan, Andhra Pradesh, Meghalaya,...
