Search For "gst exemption"
Private Life Insurers record 20% growth in individual APE: Report
Updated : 4 days, 6 hours ago IST
Private life insurers reported robust 20.2 per cent year-on-year (YoY) growth in individual Annualized Premium Equivalent (APE) as the industry continues to see significant expansion. According to a Nuvama report, for FY26TD, the market share for private insurers in the individual APE segmen
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GST exemption boosts health insurance coverage, average sum insured jumps
Updated : 2 months, 2 weeks ago IST
The report said that after the removal of GST, the average health insurance cover increased from Rs 14.5 lakh in the pre-GST period to Rs 19 lakh in the post-GST period. This indicates that people are now choosing higher levels of health coverage, as insurance has become more affordable.<
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Private players dominate life insurance market, general insurance premium
Updated : 2 months, 4 weeks ago IST
From FY15 onwards, growth resumed as insurers adapted to the new regulatory environment and diversified their product mix and channels. Private sector Annual Premium Equivalent (APE) recovered to Rs 250 billion in FY15 and increased steadily to Rs 286 billion in FY16, Rs 349 billion in FY17
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Health insurance sector reports strong growth in November driven by GST ex
Updated : 3 months, 1 week ago IST
The health insurance industry continued to post strong growth in November, supported by a pickup in demand for health insurance policies following the GST exemption announced by the government, highlighted a recent report by Nuvama.
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Life Insurance industry posts 21% annual growth despite slowdown in Oct du
Updated : 4 months ago IST
The life insurance industry witnessed a decline in new business premiums (NBP) in October 2025, primarily due to the recent Goods and Services Tax (GST) exemption on life insurance premiums.
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Star Health Reports 21% YoY Profit Growth to ₹518 Cr; COR Improves by 170
Updated : 4 months, 2 weeks ago IST
Chennai (Tamil Nadu) [India], October 29: Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India's largest standalone retail health insurer, announced its financial results for the half year ended September 30, 2025 (H1FY26). The Company posted a Profit After Tax (PAT)
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Festive cheer, nil GST on health and life boost insurance payments by 35%
Updated : 4 months, 4 weeks ago IST
The festive season coupled with the government's recent decision to make health insurance GST-free has provided a strong boost to India's insurance market.
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Exemption of GST on life insurance: How your premiums get cheaper from Sep
Updated : 5 months, 1 week ago IST
New Delhi [India], October 1: Life insurance is one of the most important ways to secure your family's financial future. Upto September 21, 2025, every policyholder had to pay an extra 18% GST on premiums, making protection plans costlier than the base premium. That changes from September 22
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GST exemption on insurance will make protection affordable, attractive for
Updated : 5 months, 1 week ago IST
The Goods and Services Tax (GST) exemption on health and life insurance will make protection affordable, accessible and attractive for Indian families.
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Indian pharma sector to log 7-9% growth in FY26 despite US headwinds: ICRA
Updated : 5 months, 1 week ago IST
India's pharmaceutical industry is set to record healthy revenue growth of 7-9 per cent in FY26, even as challenges in the United States market continue to weigh on performance, noted rating agency ICRA in its latest sector outlook.
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Life insurance companies dismiss GST exemption concerns, see limited impac
Updated : 5 months, 1 week ago IST
Life insurance companies have dismissed concerns over the impact of Goods and Services Tax (GST) exemption on input tax credit, saying they have strategies in place to manage the situation.
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GST exemption may hit insurers in short term, but long-term gains likely:
Updated : 5 months, 1 week ago IST
Insurance companies are expected to face a setback in the short run following the GST Council's recent exemption on GST, as it could lead to the loss of input tax credit eligibility, said industry experts and executives, adding that the companies, however, will benefit in the long term.
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