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News
Life insurance application activity increased in May year-over-year
3+ mon, 2+ day ago (455+ words) JavaScript is disabled in your browser. In order visualise this page, please follow these steps. Although month to month, the number of life insurance applications reported to MIB Group Inc. have decreased, the company says this is a common seasonal…...
Generali Central Life Insurance appoints Shobit Gupta as Chief Investment Officer – (Re)in Asia
4+ mon, 2+ week ago (211+ words) Emerging risks | Growth Opportunities | APAC Insurance Generali Central Life Insurance has appointed Shobit Gupta as its Chief Investment Officer, strengthening its senior leadership team as the insurer focuses on long‑term growth and financial stability. Gupta brings more than 25 years…...
GST cut lifts life insurance premium to record Rs 4.6 lakh crore in FY26
4+ mon, 2+ week ago (550+ words) GST Recent News - 2026, Insurance Industry News The life insurance industry reported a three-fold jump in growth, with new business premium (NBP) rising 16% year-on-year to a record ₹4.60 lakh crore in FY26. The growth was primarily driven by the Goods and Services Tax…...
India Life Insurers Hit Record Premiums After GST Exemption
4+ mon, 3+ week ago (286+ words) Whalesbook Record Premiums Fueled by GST Relief India's life insurance industry has set a new record, with New Business Premium (NBP) reaching â¹4.60 lakh crore in fiscal year 2026 This marks a significant 16% increase year-on-year, signaling a strong return to double-digit…...
Life insurers log 16% premium growth in FY26 on GST relief, shift to high-margin products
4+ mon, 3+ week ago (323+ words) The Economic Times Mumbai: The life insurance industry reported a 16% increase in total new business premium income in FY26, aided by growth in regular premium products after the GST exemption announced in September 2025.A favourable base effect further boosted the growth…...
Non-life insurers log 9.3% premium growth in FY26 amid GST relief
5+ mon, 4+ day ago (78+ words) Health insurance growth and GST rate cuts drive premium expansion, even as accounting changes and crop insurance decline weigh on overall industry growth Non-life insurers log 9.3% premium growth in FY26 amid GST relief Health insurance growth and GST rate cuts drive…...
Health insurance premiums hit ₹1.17 lakh crore in FY25; GST removal boosts life insurance demand significantly
5+ mon, 1+ week ago (355+ words) Several factors have enabled this growth: In practice, this growth shows a change in how we approach financial planning. Many times, individuals now see insurance as an important part of long-term stability. The planned GST removal on insurance premiums is…...
Life Insurance Corporation of India faces GST demand of Rs 62,31,166 for FY 2019-20
6+ mon, 4+ day ago (149+ words) Business Upturn Life Insurance Corporation of India (LIC) has received a demand order from the Deputy Commissioner of State Taxes and Excise, Parwanoo, Himachal Pradesh, for Goods and Service Tax (GST), interest, and penalty amounting to ₹62,31,166 for the financial year 2019-20. The…...
GST rejig helps life insurers' new business premium surge 40% in December
8+ mon, 21+ hour 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…...