NEW DELHI: Individual health and life insurance has been made GST free, finance minister Nirmala Sitharaman announced on Wednesday. It comes as a big relief as the rate has been brought down from 18%.
GST on individual life and health insurance policies may soon be exempt, with states backing the Centre’s proposal to bring tax on such premium payments down to ‘nil’ from the current 18 per cent.
In a report released yesterday, Fitch Ratings said that North American life insurance regulatory reforms to bolster supervision and transparency are supportive of credit. This came amid growing ...
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