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
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
Lately, insurance companies have begun selling policies that set premiums based on how much you use, not just flat rates. Usage-Based Insurance (UBI) is a game-changing idea. It changes how consumers purchase and handle their insurance policies. UBI can save you money, whether you’re a driver, a homeowner, or trying to lower health insurance costs. … Read more
Introduction to the Insurance Industry’s Transformation The insurance industry is often viewed as traditional. It has faced criticism for being slow to adopt new technologies. Historically, it was a field defined by paper documentation, lengthy processes, and complex jargon. However, we are now witnessing a seismic shift in how the insurance world operates. The global … Read more
Insurance is one of the most vital tools we have to safeguard our financial well-being. Whether it’s health, life, home, or auto insurance, these policies provide a safety net against life’s unpredictable events. Many people miss important gaps in their insurance coverage. This can happen even though insurance is essential. Unexpected events can cause financial … Read more