Chennai, Sept. 16 -- The Narendra Modi led Indian government is serious in seeing that the scrapping of the 18% Goods and Services Tax (GST) tax on individual health and life insurance policies are passed on to the policyholders in full and not in part.
Meanwhile, an industry expert is of the view that the insurers may revise their rates next year factoring the input tax credit impact.
On Monday the Secretary, Department of Financial Services (DFS) M.Nagaraju chaired a meeting with senior officials of DFS, Insurance Regulatory and Development Authority of India (IRDAI), CMDs of public sector insurance companies and CEOs of leading private sector life and non-life insurance companies and officials from Life Insurance Council and General In...