by AIP Online Bureau | Dec 20, 2024 | Eco/Invest/Demography, Health, Indian News, Life, Non-Life, Policy
A final decision of the insurance taxation under GST is likely on Saturday as most states are in favour of lowering taxes on premium. New Delhi: The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance...
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 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 | Nov 12, 2024 | Indian News, Life, Non-Life, Reinsurance
N Ramaswamy, CMD, GIC Re Though the largest Indian reinsurer has cut down its gross premium by 21 per cent to Rs 8,413 crore in the reporting quarter, it has improved its combined ratio, underwriting losses and incurred claims during the period “Our continuous...
by AIP Online Bureau | Nov 12, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
In a note worthy trend, seven stand alone health insurers have now captured 11.58 per cent of the market share in the general insurance industry in the first seven months of the current fiscal. It was 10.20 per cent in the corresponding period of the last fiscal...
