Cabinet Approves Bill to Raise Insurance FDI to 100%

By BPN News Desk December 13, 2025

Business Finance

The Union Cabinet has approved a bill to raise the foreign direct investment limit in the insurance sector to 100 percent, marking a significant shift in India’s policy framework for the industry. The proposal seeks to amend existing insurance laws to allow complete foreign ownership of

Health

GST Exemption Frustration for Insurers, Policyholders

By BPN News Desk September 24, 2025

From September 22, 2025, individual life and health insurance premiums in India are exempt from the 18% Goods and Services Tax (GST). This move was announced by the GST Council to reduce the cost burden on policyholders. No Input Tax Credit for Insurers Because these insurance premiums are now exempt, insurers can no longer claim […]

Expert Opinions Opinion

Cheaper Essentials, Tax-Free Insurance, Affordable Appliances and Cars: Inside India’s GST Overhaul

By BPN News Desk September 4, 2025

India’s Goods and Services Tax has finally undergone the kind of overhaul that touches every citizen’s wallet. The government’s latest reform order, unveiled as a Diwali gift, slashes rates across a wide span of categories — from soaps and shampoos to tractors and three-wheelers. Essentials drop to 5%, health and life insurance premiums are freed […]

Business Finance

Government May Slash GST on Health and Term Insurance

By BPN News Desk August 19, 2025

The Indian government is considering a cut in the Goods and Services Tax (GST) on health and term insurance premiums, potentially reducing it from the current 18% to 5% or even zero. This move is part of a broader GST restructuring—dubbed “GST 2.0”—aimed at simplifying tax slabs and easing the tax burden on citizens and […]