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Life Insurance

Wait for GST reduction on life, health insurance gets longer as GST Council’s Fitment committee turns down proposals

The committee of revenue officials from the Center and States attached to GST Council has turned down proposal to lower tax rate on premium related with all kind of insurance from life to health to third party. The committee, known as Fitment Committee, examines proposal… Read More »Wait for GST reduction on life, health insurance gets longer as GST Council’s Fitment committee turns down proposals

Report, BFSI News, ET BFSI

IRDAI is contemplating allowing Life Insurance companies to sell Health Insurance indemnity products, either only distribution or both manufacturing and distribution. The regulator IRDAI has cited the same is under consideration but no decision has been taken yet. According to a report by Motilal Oswal… Read More »Report, BFSI News, ET BFSI