The Case for GST Reduction on Health and Life Insurance The GST Council may soon decide on a plan. This plan could lower the Goods and Services Tax (GST) on insurance premiums in India. The proposal suggests reducing the rate from 18% to 5%. This change could make health and life insurance more accessible and … Read more
India is taking a bold step toward road safety. Delhi’s Lieutenant Governor, VK Saxena, has a new plan. He wants to connect motor insurance premiums to traffic violations. The concept is simple: drivers who break traffic rules pay more for insurance. This reflects systems used in many developed countries. It aims to improve accountability on … Read more
By 2025, Generative Artificial Intelligence (GenAI) transformed India’s insurance industry, boosting efficiency in many areas. A recent report from Boston Consulting Group (BCG) shows that insurers using AI in underwriting have improved efficiency by up to 36%. Customer service operations have boosted productivity by over 30%. Claims processing has improved too. Now, 70% of simple … Read more
Nevada faces a serious wildfire risk. Many people are losing their home insurance. This is due to increased fire danger in the state. Lawmakers are taking action to help. These efforts are important to keep homes safe and insured. Nevada’s Growing Home Insurance Crisis Due to Wildfire Risk Wildfires are a growing problem in the … Read more
Auto insurance is essential for car owners. It protects both the vehicle and the people in accidents. Having the right auto insurance policy is crucial. It helps you meet legal requirements and protects your finances. In this guide, we’ll look at different types of auto insurance. We’ll cover what each type includes, give real-life examples, … Read more
The insurance industry is changing a lot. It has always been stable and structured, but now things are different. The insurance sector is changing fast. New technology, shifting consumer expectations, and updated regulations are driving this evolution. Even industry veterans couldn’t have foreseen these changes just a few years ago. In this article, we’ll look … Read more