News
GST rejig helps life insurers' new business premium surge 40% in December
1+ day, 36+ min ago (373+ words) GST Recent News - 2026 According to the Life Insurance Council data, the life insurance industry reported NBP of "42,150.8 crore in December, up 39.5 per cent from "30,218.71 crore in the year-ago period. State-owned Life Insurance Corporation (LIC) saw premiums surge 57.45 per cent Y-o-Y to…...
Input tax credit loss to weigh on life insurers' profitability in Q3FY26
1+ day, 2+ hour ago (470+ words) GST Recent News - 2026, Insurance Industry News The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life and health insurance from 18 per cent to nil is likely to weigh on the…...
GST exemption boosts life insurance sales 21% in Oct-Nov 2025, margins face ITC hit
6+ day, 23+ hour ago (447+ words) GST Recent News - 2026, Insurance Industry News India's private life insurers saw a 21 percent year-on-year growth in October'November 2025 volumes after the goods and services tax (GST) exemption revived demand. However, the non-availability of Input Tax Credit (ITC) will cause insurers 200-300 bps…...