Budget 2024: Higher tax exemption limit to reduction in GST rate, what is insurance sector expecting this time

Budget 2024: Higher tax exemption limit to reduction in GST rate, what is insurance sector expecting this time

Union Budget 2024: Indian insurance firms have been expecting various tax exemptions from the Central government in the upcoming Union Budget to improve the appeal and accessibility of insurance products, thus encouraging wider adoption across the country. Insurers specialising in life coverage are advocating for tax relief on annuities and a reduction in the goods and … Read more

Jan Dhan, Aadhaar, mobile are biggest industry game-changers, says IRDAI's Debasish Panda

Jan Dhan, Aadhaar, mobile are biggest industry game-changers, says IRDAI's Debasish Panda

India’s journey toward financial inclusion has witnessed various innovations in policy over the last decade. The government’s JAM, which is the bedrock of the digitalisation drive to formalise the economy, has been the biggest game changer for the BFSI industry. JAM stands for  ‘Jan Dhan Account – Aadhaar – Mobile’ and has revolutionised financial inclusion … Read more