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GST Council likely to decide on tax relief for life & health insurance at Dec 21 meet The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance.  The council, chaired by Union Finance Minister Nirmala Sitharaman, may also take up the issue of rationalising GST rates on a number of goods consumed by the common man such as bottled drinking water and notebooks for students, to bring them under the 5 per cent slab from 12 per cent ...
GST Council likely to decide on tax relief for life & health insurance at Dec 21 meet
GST Council likely to decide on tax relief for life & health insurance at Dec 21 meet
Source: IANS
2024-11-19 10:03:15 am
LIC`s entry into health insurance to significantly boost its market share The Life Insurance Corporation of India (LIC) is expected to enter the health insurance industry in 2025 by acquiring a stake in a standalone health insurance entity, that could significantly boost the market share of country’s largest insurer, according to a report on Friday.  According to GlobalData, India’s health insurance industry is expected to grow at a compound annual growth rate (CAGR) of 12.5 per cent from 1.3 lakh crore in 2024 to Rs 2.1 lakh crore in 2028, in t...
LIC`s entry into health insurance to significantly boost its market share
LIC`s entry into health insurance to significantly boost its market share
Source: IANS
2024-11-15 06:00:35 pm
Government collects 8% more in GST on health insurance premium in FY24 The government has collected Rs 8,262.94 crore towards the Goods and Services Tax (GST) on health insurance premium in 2023-24 fiscal year (FY24) as against Rs 7,638 crore GST mopped up in the 2022-23, higher by 8.18% year on year. Besides, in 2023-24, Rs 1,484.36 crore was collected on account of GST on health reinsurance premium as against Rs 963 crore in 2022-23 fiscal, remarking growth of 54.13% In the 2021-22 financial year, GST of Rs 5,354 crore was mobilised from health insurance pr...
Government collects 8% more in GST on health insurance premium in FY24
Government collects 8% more in GST on health insurance premium in FY24
Source: Accord Fintech
2024-08-06 03:20:30 pm
Suryoday Small Finance Bank signs MoU with Magma HDI General Insurance for Health Insurance offering Suryoday Small Finance Bank, one of the fastest-growing small finance banks in India and Magma HDI General Insurance Company, a prominent player in India’s general insurance sector , have entered into a Corporate Agency Agreement to offer health insurance to Suryoday Bank’s Commercial Vehicle Loan customers. This strategic collaboration aims to bridge the health insurance accessibility gap by leveraging Suryoday Bank’s extensive reach across urban as well as r...
Suryoday Small Finance Bank signs MoU with Magma HDI General Insurance for Health Insurance offering
Suryoday Small Finance Bank signs MoU with Magma HDI General Insurance for Health Insurance offering
Source: PR Agency
2024-04-02 04:15:15 pm
Health Insurance Sector Update - SAHIs: Securing the population By Motilal Oswal Financial Services Ltd SAHIs: Securing the population About 5x-8x industry size achievable by FY30! * Significant room for growth…: Health insurance has emerged as the largest segment in the Indian general insurance industry, with premiums of INR907b/INR736b in FY23/ FY22. During FY19-FY23, the industry posted a 19% CAGR. However, notwithstanding such robust growth, we observe that only 4% of the population is covered under retail health insurance plans. * …with multiple triggers: The key pre...
Health Insurance Sector Update - SAHIs: Securing the population By Motilal Oswal Financial Services Ltd
Health Insurance Sector Update - SAHIs: Securing the population By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-01-17 12:34:53 pm
``Muskaan``: `A Smile for All` - Universal Sompo General Insurance Unveils Revolutionary Health Insurance Product with a Societal Cause Universal Sompo General Insurance proudly unveils "Muskaan," a ground-breaking health insurance policy meticulously crafted with an aim to engender positive social impact and empower domestic workers and staff. Acknowledging the immense contribution that domestic workers make to the society and understanding their nuanced needs, Universal Sompo has created a customized product designed to meet their specific requirements. Muskaan is a specialized health insurance product that offers...
``Muskaan``: `A Smile for All` - Universal Sompo General Insurance Unveils Revolutionary Health Insurance Product with a Societal Cause
``Muskaan``: `A Smile for All` - Universal Sompo General Insurance Unveils Revolutionary Health Insurance Product with a Societal Cause
Source: PR Agency
2023-12-07 09:09:02 am