Last Updated:September 03, 2025, 23:56 IST ‘All individual health insurance, along with reinsurance thereof; and all individual life insurance, along with reinsurance thereof, have been exempt from GST,’ as per a release. Finance Minister Nirmala Sitharaman announces GST 2.0, after the 56th meeting of the GST Council. The GST Council, chaired by Union Finance Minister
Many businesses have seen their labour costs rise thanks to the rate of employer national insurance being increased in last year’s Budget. Some retailers have blamed the tax hike for the decision to raise prices in shops, which they say has allowed them to partly mitigate the impact. The national minimum wage also increased in
New Delhi [India] September 3 (ANI): Health and term insurance premiums may become cheaper if the Goods and Services Tax (GST) Council approves rate cuts at its meeting, which began here on Wednesday. However, according to a report by HSBC Securities and Capital Markets (India), insurance companies are likely to face short-term pressure on profitability
The 56th meeting of the GST Council, starting today, is expected to take up one of the most significant reform proposals in recent years — a complete exemption of GST on life and health insurance. If the proposal is approved, this could be announced as the Modi government’s promised ‘Diwali gift’ to the people of
Self-storage users are paying as much as nine times more for their insurance than they need to – as experts warn that customers are getting ripped off by hundreds of pounds a year in excessively high premiums. There has been a boom in demand for self-storage units – with the number of sites offering the
(This story was updated to add new information.) Eight Florida property insurers are going to have to cough up more than $2 million in fines for misconduct because they didn’t follow required procedures for paying storm victims for damages after hurricanes Ian and Idalia took their tolls. And there may be more fines coming, according
Younger drivers experienced a 3% rise in the three months to July, even though quoted premiums for the market as a whole fell 1.4% in the same period, according to the research from Consumer Intelligence. Its data indicated less competition being shown from telematics providers. These providers monitor drivers’ behaviour and can help younger motorists
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Subaru BRZ auto insurance at a glance: Average auto insurance rate for a 40-year-old driver: $2,504 a year Cheapest insurance companies for Subaru BRZ auto insurance: USAA*, Geico, Erie Lowest-cost state for BRZ insurance:
Young investors with a higher risk appetite are better off with a combination of term insurance and equity funds. Illustration: Uttam Ghosh/Rediff Life insurers are increasingly shifting towards participating (par) products to reduce balance sheet risk and cope with intense price competition in the non-par segment. As these products gain prominence, investors must assess
Credit life insurance offers peace of mind during uncertain times, but it only works if you know about it. If you ever took out a loan, signed up for store credit, or financed a car or cellphone, chances are you already have a little-known but potentially life-saving insurance policy, without even realising it. Chris Coetzee,