India’s life-insurance sector makes a strong rebound in Nov, LIC leads

December 12, 2025 12:58 PM

India’s life-insurance sector makes a strong rebound in Nov, LIC leads

India’s life-insurance sector made a strong rebound in November, with new-business premiums increasing by 23 per cent year-on-year to Rs 31,119.6 crore, according to a new report. The life-insurance industry continued its streak of double-digit monthly growth for the third consecutive month. The rebound was driven by a surge in individual non-single policies and robust performance across both individual and group segments. A favourable base effect and a smoother adjustment following the GST ...

PM Modi hails NextGen GST reforms as boost to ease of living, healthcare, and economic growth

September 4, 2025 10:26 PM

PM Modi hails NextGen GST reforms as boost to ease of living, healthcare, and economic growth

Prime Minister Narendra Modi on Thursday highlighted the transformative impact of the Government’s NextGen GST reforms, underscoring their role in enhancing ease of living, strengthening public health and nutrition, and supporting India’s middle class, MSMEs, and rural economy. Addressing the latest phase of the reform, PM Modi described the measures as a continuation of India’s decade-long commitment to bold economic reforms, including corporate tax reductions, GST implementation, and pe...

Next-gen GST reforms: Health, life insurance made tax-free, several medical essentials made cheaper

September 4, 2025 8:52 AM

Next-gen GST reforms: Health, life insurance made tax-free, several medical essentials made cheaper

The landmark next-generation GST reforms that were announced on Wednesday include significant relief to citizens in the healthcare and insurance sectors. One of the biggest announcements is the complete removal of GST on individual health and life insurance. Until now, they have attracted 18 per cent GST. With the new reform, they have been moved to the zero-tax bracket, making health and life insurance more affordable and accessible to a wider section of society. These reforms, cleared by the ...