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55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
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Have Many Traffic Fines? You May Have To Pay More For Vehicle Insurance
Delhi Lieutenant Governor VK Saxena has written to the Union Finance Minister Nirmala Sitharaman, asking her to link insurance premiums of vehicles to the number of traffic violations recorded against the vehicles.
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LIC Ordered To Pay Rs 50 Lakh For Covid Policy Premium Payer's Family
A district-level consumer disputes commission in Kerala has ordered Life Insurance Corporation (LIC), India's largest insurer, to pay Rs 50 lakh in compensation to the family of a policy premium payer who succumbed to COVID-19, citing the insurer's t
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At Key GST Meet, States Request Rate Cut On Health Insurance Premiums
Bihar Deputy Chief Minister Samrat Chaudhary was appointed as the convenor of the Group of Ministers on GST rate rationalisation.
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"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
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"Anti-People In Nature": Mamata Banerjee On Budget Move To Tax Insurance
West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people's ability to take care of their vital needs.
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"Tax On Life's Uncertainties": Nitin Gadkari's Letter To Nirmala Sitharaman
Amid criticism of Budget 2024 from several quarters, Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, requesting her to withdraw the GST imposed on premiums for life and medical insurance plans.
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Celebrated 'Dark Diwali' Due To Non-Payment Of Salaries, Claim Maharashtra Lecturers
A lecturer from the Government Women Polytechnic in Latur claimed he and his colleagues have not received salaries for the past eight months.
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New Guidelines For Tax Exemptions On High-Premium Life Insurance Policies
The Income Tax department has prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
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How To Calculate Income From Life Insurance Where Premium Exceeds Rs 5 Lakh, CBDT Explains
The Income Tax department on Wednesday prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
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RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
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Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
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Centre Unlikely To Withdraw Tax Plan On High-Value Life Insurance: Report
The move, which will come into effect for policies issued from April 1, has rattled insurers, with top company executives meeting Finance Minister Nirmala Sitharaman and finance ministry officials to petition them to reconsider the proposal.
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Life Insurance Maturity Sum With Over Rs 5 Lakh Premium To Be Taxed
An individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh, according to a Budget proposal presented on Wednesday.
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Medibank Data Breach: Personal Information of Australian Health Insurer's Customers Posted to the Dark Web
Medibank data was posted to a forum on the dark web, weeks after a data breach at the biggest health insurance firm in Australia. The leaked data includes the names, addresses and birthdates of several customers and Medibank expects more data to be released, after saying earlier this week that the hackers exposed information of around 9.7 million p...
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55th GST Council Meet Defers Decision On Health Insurance Premium Rate Cuts
The Goods and Services Tax (GST) Council on Saturday deferred the decision on rate cuts on life and health insurance premiums, as some more technicalities need to be ironed out.
-
Have Many Traffic Fines? You May Have To Pay More For Vehicle Insurance
Delhi Lieutenant Governor VK Saxena has written to the Union Finance Minister Nirmala Sitharaman, asking her to link insurance premiums of vehicles to the number of traffic violations recorded against the vehicles.
-
LIC Ordered To Pay Rs 50 Lakh For Covid Policy Premium Payer's Family
A district-level consumer disputes commission in Kerala has ordered Life Insurance Corporation (LIC), India's largest insurer, to pay Rs 50 lakh in compensation to the family of a policy premium payer who succumbed to COVID-19, citing the insurer's t
-
At Key GST Meet, States Request Rate Cut On Health Insurance Premiums
Bihar Deputy Chief Minister Samrat Chaudhary was appointed as the convenor of the Group of Ministers on GST rate rationalisation.
-
"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
-
"Anti-People In Nature": Mamata Banerjee On Budget Move To Tax Insurance
West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people's ability to take care of their vital needs.
-
"Tax On Life's Uncertainties": Nitin Gadkari's Letter To Nirmala Sitharaman
Amid criticism of Budget 2024 from several quarters, Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, requesting her to withdraw the GST imposed on premiums for life and medical insurance plans.
-
Celebrated 'Dark Diwali' Due To Non-Payment Of Salaries, Claim Maharashtra Lecturers
A lecturer from the Government Women Polytechnic in Latur claimed he and his colleagues have not received salaries for the past eight months.
-
New Guidelines For Tax Exemptions On High-Premium Life Insurance Policies
The Income Tax department has prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
-
How To Calculate Income From Life Insurance Where Premium Exceeds Rs 5 Lakh, CBDT Explains
The Income Tax department on Wednesday prescribed a mechanism for calculating income proceeds from life insurance policies where aggregate annual premium exceeds Rs 5 lakh.
-
RBI's CBDC Can Now Be Accepted at Reliance General Insurance Through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of premiums in the digital mode using the bank's e-Rupee platfor...
-
Income Tax: Know About The Rules Coming Into Effect From April 1
The new tax regime will have none of the usual exemptions on insurance premium, mutual funds and other such investments.
-
Centre Unlikely To Withdraw Tax Plan On High-Value Life Insurance: Report
The move, which will come into effect for policies issued from April 1, has rattled insurers, with top company executives meeting Finance Minister Nirmala Sitharaman and finance ministry officials to petition them to reconsider the proposal.
-
Life Insurance Maturity Sum With Over Rs 5 Lakh Premium To Be Taxed
An individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh, according to a Budget proposal presented on Wednesday.
-
Medibank Data Breach: Personal Information of Australian Health Insurer's Customers Posted to the Dark Web
Medibank data was posted to a forum on the dark web, weeks after a data breach at the biggest health insurance firm in Australia. The leaked data includes the names, addresses and birthdates of several customers and Medibank expects more data to be released, after saying earlier this week that the hackers exposed information of around 9.7 million p...
