While customers may be cheering the possibility of a zero GST regime for individuals in the health and life insurance segment, insurance companies are raising red flags. Insurers are citing structural challenges such as the inverted duty structure that could potentially leave them with unutilised input tax credits (ITCs). These ITCs cannot be utilised since
A Group of Ministers (GoM) on life and health insurance deliberated on the Centre’s proposal to remove levy of Goods and Services Tax (GST) on life and health insurance premiums for individuals from the current rate of 18 per cent, Bihar’s Deputy Chief Minister and GoM Convenor Samrat Choudhary said after the meeting Wednesday. State
How much general liability insurance do I need? How much general liability insurance you need depends on a number of factors, including your line of business, the location where you work, the size and income of your business, and your overall business risk. Many small business owners start with a $1 million policy because it’s
Once your family starts growing, so does the fine print. What felt like plenty of coverage when you were newly married or flying solo suddenly looks flimsy next to car seats, cribs, and orthodontist appointments. Whether you’re expecting your first baby or managing a full carpool schedule, it’s probably time to reevaluate your insurance. You’ll
Aviva has partnered with Tesco Insurance & Money Services to launch a new life insurance proposition for Tesco customers. The partnership combines Tesco’s brand reach and customer focus with Aviva’s underwriting expertise and reputation in protection. Cover will be available through a simple digital quote-and-apply service at tescoinsurance.com. The Aviva Life Insurance Plan for Tesco
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US private capital groups such as Apollo and KKR should expect challenges as they seek to expand in the European insurance sector, the chief executive of Zurich has warned. “I’m not sure that the same
Insurance Services Travel 84% of Travelers Say Insurance Is Worth It for Peace of Mind Fact Checked Aug 19, 2025 Principal Researcher Daniel Robinson Principal Researcher Daniel Robinson Daniel Robinson is a writer based in Greenville, N.C. with expertise in auto insurance, loans, warranty options and more. Away from the keyboard, Daniel spends time with
Mercury Insurance has triggered outrage across California by filing for a 6.9% average increase on homeowners’ policies, citing a controversial new wildfire modelling regulation introduced as part of the state’s Sustainable Insurance Strategy. The move marks the first time an insurer has relied on California’s newly approved catastrophe models to justify a premium hike —
The insurance industry is closely watching developments around the proposed goods and services tax (GST) rate cut on premium for health and life insurance policies and whether it would allow them to claim input tax credit. According to industry sources, any cut in the GST on insurance rates will have to be accompanied with input
This has long been a sticking point for all policyholders, especially for first-time buyers and pensioners. While the tax revision is reportedly still in the discussion stage, experts believe that if not a complete removal, GST rates even in the 5% range could result in sufficient savings for premium payers. “Reclassifying these products to the