News
GST cut lifts life insurance premium to record Rs 4. 6 lakh crore in FY26
6+ hour, 55+ min 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…...
GST rejig helps life insurers' new business premium surge 40% in December
3+ mon, 1+ week 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 to…...
GST exemption boosts life insurance sales 21% in Oct-Nov 2025, margins face ITC hit
3+ mon, 2+ week ago (447+ words) GST Recent News - 2026, Insurance Industry News India's private life insurers saw a 21 percent year-on-year growth in October'November 2025 volumes after the goods and services tax (GST) exemption revived demand. However, the non-availability of Input Tax Credit (ITC) will cause insurers 200-300 bps…...