BUSINESS
GST on insurance: Policyholders have a lot to know post GST 2.0, here's why
Here’s everything policyholders need to know about the GST cut on future premiums and policy benefits
BUSINESS
Despite life insurers’ premium growth of 6% in August, policy sales drop 9%
Premium income for private insurers climbed 10.84 percent to Rs 65,410.42 crore during the period under review, up from Rs 59,013.14 crore last year. LIC, on the other hand, posted a modest 3.02 percent growth, collecting Rs 98,051.09 crore compared to Rs 95,180.63 crore a year ago
BUSINESS
Insurance forum likely to seek clarity on input tax credit and GST exemption from IRDAI, Centre
Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period
COMPANIES
Bima Sugam to launch digital insurance marketplace this year; governance structure still unclear
The initiative is supported by an authorised capital of Rs 500 crore and a paid-up capital of Rs 310 crore, with shareholding spread widely across life, general, and health insurers
BUSINESS
GST 2.0: Insurers approach govt to seek clarity on ITC treatment
Insurers, who had initially lobbied for GST to be charged at a 0% rate instead of an exemption, have sought clarification on whether insurance companies can claim input tax credit at an entity level
BUSINESS
GST cuts to boost demand but won’t trigger credit growth as banks remain cautious over tariffs
Despite the GST relief and the upcoming festive season, lenders are exercising caution, with analysts expecting credit growth to remain largely unchanged amid trade-related uncertainties.
BUSINESS
GST relief on health premiums may nudge insurers, companies to revisit India Inc’s employee benefits
With the GST Council continuing to levy 18 percent tax on group health policies, employers may scale back group coverage and shift toward allowances for individual insurance coverage plans.
BUSINESS
Insurers expect surge in small-ticket policies after GST cut, bet on higher adoption with affordable premiums
Lower entry costs will encourage first-time buyers to consider insurance policies both in life and general plans, and wider adoption and a large customer base is where we see real growth and potential, say industry leaders.
BUSINESS
Bima Sugam likely to go through another phase of adjustments as governance, funding issues linger
The platform, originally planned for launch in early 2024, is now expected to be delayed by 12-18 months from the original timeline, sources said
BUSINESS
Hospitals vs insurers: All you need to know about the ongoing tiff
What started as a localised issued between Bajaj Allianz and AHPI, has turned out to become a health insurance sector issue with more players latching on to problem
BUSINESS
Foreign reinsurers’ share expected to cross 50% in FY26 as domestic incumbents see market share drop
With overseas players rapidly expanding their footprint, domestic incumbents such as GIC Re maybe seeing their market share erode, due to regulatory changes, competitive pricing, and the burden of unprofitable crop insurance
BUSINESS
E20 rollout sparks insurance worries over mileage, engine damage; insurers say cover could be denied
Older E10 cars most at risk as insurers warn claims could be rejected over E20-related damage, industry executive says most existing fleet is E10-compliant
EXPLAINERS
How Aadhaar is emerging as a soft target for insurance fraud
Multiple police investigations conducted in several parts of the country over the past week have reportedly uncovered organised scam networks manipulating Aadhaar data to make bogus claims
BUSINESS
Health loss ratios up between 200-300 bps for general insurers in Q1FY26 amid claims spike
ICICI Lombard, Star Health, Niva Bupa, and New India Assurance were among the insurers that reported a deterioration in claims metrics
BUSINESS
Group non-single premiums plunge over 50% for second consecutive year
Sustained drop in group non-single premiums highlights challenges in corporate renewal business
BUSINESS
IndusInd Bank Chairman Sunil Mehta says bank’s focus to be on retail growth, secured lending, home loans after lapses
Mehta says that tensions between the US and China could have a cascading impact on India despite its largely domestic economic orientation
BUSINESS
PSU general insurers gain ground as private peers retreat from loss-heavy segments
If PSUs can keep combined ratios stable while sustaining higher premium mobilisation, the shift could become structural; if not, it will likely revert as private capital re-enters at repriced levels, analysts point out
BUSINESS
SBI regains home loan crown, outpaces HDFC Bank by Rs 8,000 crore to top the housing segment
SBI’s home loan portfolio for Q1 FY26 stood at Rs 8.51 lakh crore as of June 30, 2025, marking a robust 15.05 percent year-on-year growth
BUSINESS
No deal signed for health insurance yet, says LIC CEO R Doraiswamy
There is a delay in the deal, as we would like to observe the evolving health insurance market closely before making any definitive move, says Doraiswamy
BUSINESS
Banks may turn more cautious lending to the textiles sector after tariffs
While signs of stress in the textile sector had begun surfacing even before the tariff announcement, the tariff hikes could further dent order books, compress margins and put jobs at risk, leading to tightening of bank credit to the industry.
BUSINESS
Average daily surplus liquidity under RBI’s LAF doubled to Rs 3 lakh crore in four months
The sharp increase in the liquidity can be attributed to the durable liquidity infusion since start of this year by the RBI through various instruments such as open market operations (OMOs) purchases of governments securities and USD/INR buy-sell swap auctions.
BUSINESS
No major inflation risk seen if Russian oil imports fall, says RBI Guv Sanjay Malhotra
Crude oil is a key factor in inflation, but impact depends on sourcing mix, global prices and government response, says Deputy Governor Poonam Gupta
BUSINESS
RBI Governor clarifies UPI stance: Costs exist but who pays remains unclear
RBI Governor Sanjay Malhotra clarified, "I never said UPI cannot be free forever. The question, I believe, was whether charges like MDR would be passed on to consumers. I responded by saying that there are costs involved."
BUSINESS
Surplus liquidity helps better transmission of rate cuts in bond, credit market, says RBI governor
Between February and June 2025, the weighted average lending rate of scheduled commercial banks fell by 71 basis points for fresh rupee loans, of which 55 bps was directly due to the repo rate cut
