Life Insurance Sector
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Cancer Meds Get Cheaper: GST Council Slashes Tax On 33 Lifesaving Drugs
In what seems like a major public health push, the GST Council has cut GST on medicines, including 33 lifesaving drugs and 3 cancer/rare-disease medicines, to nil, and reduced GST on most other medicines and medical devices.
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Zero GST On Life & Health Insurance From September 22: Who Benefits And How?
From September 22, 2025, all individual life and health insurance premiums will attract 0% GST, down from 18%. Announced after the 56th GST Council meeting, this move cuts upfront costs, may widen coverage, and nudges households to buy adequate prote
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GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal
The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision, Commerce Minister Piyush Goyal said.
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"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
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"Had To Fill Gaps In LIC's Internal Systems Before IPO": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman today said that the there were gaps in the internal systems of the Life Insurance Corporation (LIC) before the public sector company's IPO.
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Long-Term Capital Gains Tax Not To Apply To ULIPs
A few days after Arun Jaitley on Thursday announced the re-introduction of long term capital gains on equity during the Budget speech, market indices have been consistently declining. However, the Budget has been positive for the insurance sector, claim experts. A report released by the Nomura says that the newly inducted capital gains tax will not...
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LIC Mutual Fund Launches Daily SIP Scheme For Investors
Under the plan, LIC MF is offering investors the option to invest in SIPs (systematic investment plans) with as low as Rs 300 per day which would be available in five equity schemes
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Sahara Gets Relief, Fresh Hearing Ordered On Transfer Of Insurance Unit
Irdai on July 28, 2017 had ordered the transfer of the life insurance portfolio of Sahara India Life to ICICI Prudential Life with a view to protect the interests of policyholders of the embattled life insurer.
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HDFC Life Set To Raise Exposure To Infrastructure Stocks
HDFC Standard Life Insurance is looking to invest more in the capital goods sectors that are expected to benefit from a major government push to build more homes and roads.
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ICICI Prudential Life Insurance Now Eyes IT, Pharma After Bet On Telecom Sector Pays Off
ICICI Pru Life's chief investment officer said he kept buying telecoms shares this year even as a bruising price war and plunging profits forced several other investors to cut their exposure to the sector.
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Insurance Bill: Congress in No Mood for Consensus, Say Sources
The Prime Minister met this morning with his senior-most ministers at his office at Parliament to discuss how to push through a major reform that would allow billions of dollars to flow into the insurance sector which is starved of funds and held back by over-regulation.
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Cabinet likely to approve pension, insurance bills: 10-point cheat sheet
The government is all set for its next round of big-ticket reforms; the Cabinet is expected to approve a proposal today to hike the cap on Foreign Direct Investment (FDI) in the insurance sector from 26 per cent to 49 per cent and to open up the pension sector to FDI. If okayed, these will be brought in Parliament in the Winter Session in December ...
-
Cancer Meds Get Cheaper: GST Council Slashes Tax On 33 Lifesaving Drugs
In what seems like a major public health push, the GST Council has cut GST on medicines, including 33 lifesaving drugs and 3 cancer/rare-disease medicines, to nil, and reduced GST on most other medicines and medical devices.
-
Zero GST On Life & Health Insurance From September 22: Who Benefits And How?
From September 22, 2025, all individual life and health insurance premiums will attract 0% GST, down from 18%. Announced after the 56th GST Council meeting, this move cuts upfront costs, may widen coverage, and nudges households to buy adequate prote
-
GST Changes Holistic, Coincidental Some Sectors Hit By Tariffs: Piyush Goyal
The rationalisation of Goods and Services Tax slabs - from four to two, and exemption of certain items, including premiums for health and life insurance - reflect a "holistic and well thought-out" decision, Commerce Minister Piyush Goyal said.
-
"India's Financial System Diverse, Driven By Rapid Economic Growth": IMF Report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance.
-
"Had To Fill Gaps In LIC's Internal Systems Before IPO": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman today said that the there were gaps in the internal systems of the Life Insurance Corporation (LIC) before the public sector company's IPO.
-
Long-Term Capital Gains Tax Not To Apply To ULIPs
A few days after Arun Jaitley on Thursday announced the re-introduction of long term capital gains on equity during the Budget speech, market indices have been consistently declining. However, the Budget has been positive for the insurance sector, claim experts. A report released by the Nomura says that the newly inducted capital gains tax will not...
-
LIC Mutual Fund Launches Daily SIP Scheme For Investors
Under the plan, LIC MF is offering investors the option to invest in SIPs (systematic investment plans) with as low as Rs 300 per day which would be available in five equity schemes
-
Sahara Gets Relief, Fresh Hearing Ordered On Transfer Of Insurance Unit
Irdai on July 28, 2017 had ordered the transfer of the life insurance portfolio of Sahara India Life to ICICI Prudential Life with a view to protect the interests of policyholders of the embattled life insurer.
-
HDFC Life Set To Raise Exposure To Infrastructure Stocks
HDFC Standard Life Insurance is looking to invest more in the capital goods sectors that are expected to benefit from a major government push to build more homes and roads.
-
ICICI Prudential Life Insurance Now Eyes IT, Pharma After Bet On Telecom Sector Pays Off
ICICI Pru Life's chief investment officer said he kept buying telecoms shares this year even as a bruising price war and plunging profits forced several other investors to cut their exposure to the sector.
-
Insurance Bill: Congress in No Mood for Consensus, Say Sources
The Prime Minister met this morning with his senior-most ministers at his office at Parliament to discuss how to push through a major reform that would allow billions of dollars to flow into the insurance sector which is starved of funds and held back by over-regulation.
-
Cabinet likely to approve pension, insurance bills: 10-point cheat sheet
The government is all set for its next round of big-ticket reforms; the Cabinet is expected to approve a proposal today to hike the cap on Foreign Direct Investment (FDI) in the insurance sector from 26 per cent to 49 per cent and to open up the pension sector to FDI. If okayed, these will be brought in Parliament in the Winter Session in December ...
