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News
Banks Shift Life Insurance Sales After Relaxation of Regulations
1+ mon, 2+ week ago (566+ words) Following the relaxation of bancassurance sales limits by financial authorities, the landscape of life insurance sales at major banks has changed. In the first half of this year, non-affiliated insurers surpassed affiliated ones at Shinhan Bank and Hana Bank, which…...
Life insurance growth hampered by inflation and taxes
2+ mon, 1+ week ago (14+ words) Daily FT Thursday Jul 02, 2026...
GST Removed on Term Insurance: What It Actually Means for Your Premium in 2026
3+ mon, 1+ week ago (1508+ words) The GST Council removed this tax on individual insurance products, including term plans, ULIPs, endowment policies, and health insurance. Experts described it as removing the "tax on tragedy." The change applies to both new buyers and existing policyholders renewing their…...
Microcaptive Investing In Life Insurance Gets 40% Penalty In Kadau
4+ mon, 3+ day ago (531+ words) We now rejoin the Kadau microcaptive case already in progress. This case was last discussed in my article, IRS Wins Two More Microcaptive Tax Shelter Cases In Kadau And CFM (Aug. 12, 2025). There, the U.S. Tax Court held that a risk-pooled captive…...
The jury is out on tax breaks for the insurance industry: Global lessons for Jamaica
4+ mon, 4+ day ago (429+ words) Shocks induced by climate change and other events were also a prominent concern when the International Monetary Fund's managing director spoke with a Gleaner reporter after its Spring Meetings. Jamaica, she said, should work to move the economy to a…...
Deepak Parekh sees slowdown in life insurance after tax regime change
4+ mon, 1+ week ago (249+ words) CNBC TV18 The issuance of new life insurance policies in India has declined following the removal of tax deduction benefits under the new tax regime, according to a report by news agency ANI quoting former HDFC Chairman Deepak Parekh.Parekh said…...
7IM reacts to CGT reductions with expanded income model offering
4+ mon, 3+ week ago (320+ words) 7IM has expanded its income model offering following reductions to capital gains tax (CGT) thresholds and broader changes to the financial planning landscape. Its proposition now spans six risk profiles – cautious, moderately cautious, balanced, moderately adventurous, adventurous and adventurous plus – enabling…...
Insurance Body Calls For Changes To EU Tax Reform Plans - Law360 Tax Authority
5+ mon, 3+ day ago (86+ words) Insurance Body Calls For Changes To EU Tax Reform Plans Law360 Insurance Body Calls For Changes To EU Tax Reform Plans By Alex Davidson · April 9, 2026, 3:40 PM BST Recent Articles By Alex Get instant access to the one-stop news source for business…...
APRA finalises changes to capital rules for annuities and longevity products
5+ mon, 1+ week ago (140+ words) The context: The key change is the introduction of an option for insurers to use an advanced illiquidity premium (AILP) when determining capital requirements for longevity products. APRA said the new approach better reflects the long‑term nature of these…...
Life insurance sales surge in wake of Reeves’ inheritance tax shake-up
5+ mon, 3+ week ago (581+ words) Mary McDougall and Emma Dunkley in London The number of British people taking out life insurance has significantly increased over the past year, insurers and wealth managers said, following recent changes that increase the burden of inheritance tax bills. Whole-of-life…...