Moneytoday

GST cut on life, health insurance likely; relief for policyholders may be around the corner

The GST Council is expected to announce a significant tax cut on life and health insurance premiums in its upcoming meeting. The move could lower costs for policyholders and boost insurance penetration across India.

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IRDAI announces final rules on surrender value from April 1. A quick guide for policyholders

A quick guide for policyholders From April 1, 2024, the surrender value is expected to remain the same or even lower if policies are surrendered up to a period of within three years, as per IRDAI.

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Budget 2024-25: Here is what experts expect for the insurance sector

One major expectation is higher government investment in the insurance sector. Higher budgetary allocation, they believe, will provide the sector with the requisite impetus

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