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Remove 18% GST on life, medical insurance premium: Gadkari to Sitharaman

Union Minister of Road Transport and Highways Nitin Gadkari has requested Finance Minister Nirmala Sitharaman to withdraw the 18 per cent goods and services tax (GST) on life and medical insurance......

Bihar polls or Trump tariffs?: Oppn on GST reforms

Senior Congress leader and Rajya Sabha MP P Chidambaram has welcomed the Centre's recent GST rationalisation and rate cuts but criticised the move as being "8 years too late". IMAGE: Finance......

Is Health Insurance Tax Relief Coming?

Full exemption for all health insurance premiums and reinsurance or a reduction in the GST rate from 18% to 5% on health insurance services is likely. Illustration: Uttam Ghosh/Rediff.com ......

GST rejig helps life insurers' NBP surge 40% in December

The life insurance industry recorded nearly 40 per cent year-on-year (Y-o-Y) growth in new business premiums (NBP), aided by the rationalisation of goods and services tax (GST) on individual life......

Commission structure in life insurance sector may change

The committee formed under the Life Insurance Council to review the commission structure in the life insurance sector has recommended capping distributor commissions or deferring them to ease......

Life insurers may face VNB margin squeeze

The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life and health insurance from 18 per cent to nil is may weigh on the profits of......