The Finance Minister has instructed insurers to innovate and develop new products that address emerging risks.

On October 8, 2025, insurance agents and associations are likely to raise the issue of Goods and Services Tax (GST) with the Insurance Regulatory and Development Authority of India (IRDAI) and the Finance Ministry.

by | Dec 30, 2025 | Aditya Birla, Care, ICICI Lombard, Insurance, LIC, New India Assurance, Niva Bupa, Tata AIA, United India Insurance

The insurance industry in India is facing a significant issue related to the Goods and Services Tax (GST) and Input Tax Credit (ITC). Private insurers have reduced distributor payouts by 15-18% to offset the loss of ITC, following the GST exemption on life and health...