What shifts in life insurance after Sept 22

Can GST relief lift India’s falling insurance?

What policyholders gain after Sept 22 GST cut?

GST exemption impact on insurer margins study

Impact on individual vs credit life policies

Taken up with govt, expectations ahead?

Can industry tweak costs to reduce premiums?

Have ULIPs gained edge over mutual funds now?

Policyholders vs insurers in health segment

Industry confusion on Sept 22nd applicability

High acquisition cost, no ITC in health ins

Will exemption boost insurance penetration?

Conclusion

Credits

India’s insurance sector is at a turning point with the government scrapping the 18% GST on health and life insurance premiums from September 22. Policies from term plans to ULIPs and health covers just got cheaper, but questions remain : Will insurers absorb the loss of input tax credit or pass on the full benefit to policyholders? 

In this episode of The Morning Brief, host Shilpy Sinha speaks with Kamlesh Rao, MD & CEO of Aditya Birla Sun Life Insurance, Nilesh Sathe, former Member of IRDAI, and Dr. Bhabatosh Mishra, COO of Niva Bupa Health Insurance to unpack the reform’s impact on insurance. From cheaper premiums and better coverage for families to industry concerns over margins and grey areas like credit life policies, they explore how this change could reshape consumer behavior and support the government’s ambition of “Insurance for All by 2047.

You can follow our host Shilpy Sinha on her social media:Twitter and Linkedin and her Newspaper article.

Listen to Corner Office Conversation our new show:: Corner Office Conversation with Pawan Goenka, Chairman, IN-SPACe, Corner Office Conversation with The New Leaders of Indian Pharma and much more.

Check out other interesting episodes from the host like: Tariffs trump trade, Health Hazards in your Grocery Bag, Trump vs Harvard: India Impact, Explaining India’s Record FDI Freefall and much more.

Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.

India&rsquo;s insurance sector is at a turning point with the government scrapping the 18% GST on health and life insurance premiums from September 22. Policies from term plans to ULIPs and health covers just got cheaper, but questions remain : Will insurers absorb the loss of input tax credit or pass on the full benefit to policyholders?&nbsp;
In this episode of The Morning Brief, host Shilpy Sinha speaks with Kamlesh Rao, MD &amp; CEO of Aditya Birla Sun Life Insurance, Nilesh Sathe, former Member of IRDAI, and Dr. Bhabatosh Mishra, COO of Niva Bupa Health Insurance to unpack the reform&rsquo;s impact on insurance. From cheaper premiums and better coverage for families to industry concerns over margins and grey areas like credit life policies, they explore how this change could reshape consumer behavior and support the government&rsquo;s ambition of &ldquo;Insurance for All by 2047. You can follow our host Shilpy Sinha on her social media:<a href="https://www.linkedin.com/in/shilpy-sinha-29519033/"> </a><a href="https://twitter.com/Shilpy__Sinha">Twitter</a> and <a href="https://www.linkedin.com/in/shilpy-sinha-29519033/">Linkedin</a> and her <a href="https://economictimes.indiatimes.com/etreporter/author-shilpy-sinha-479217801.cms?from=mdr">Newspaper article</a>.
Listen to Corner Office Conversation our new show:: <a href="https://podcasts.apple.com/in/podcast/corner-office-conversation/id1827451035?i=1000718205446">Corner Office Conversation with Pawan Goenka, Chairman, IN-SPACe</a>, <a href="https://podcasts.apple.com/in/podcast/corner-office-conversation/id1827451035?i=1000720534576">Corner Office Conversation with The New Leaders of Indian Pharma</a> and <a href="https://podcasts.apple.com/in/podcast/corner-office-conversation/id1827451035">much more</a>.
Check out other interesting episodes from the host like: <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000702130670">Tariffs trump trade</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000712174615">Health Hazards in your Grocery Bag</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000710947447">Trump vs Harvard: India Impact</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777?i=1000710014158">Explaining India&rsquo;s Record FDI Freefall</a> and <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">much more</a>.
Catch the latest episode of &lsquo;The Morning Brief&rsquo; on <a href="https://www.etplay.com/etplay">ET Play</a>, <a href="https://economictimes.indiatimes.com/podcast?from=mdr">The Economic Times Online</a>,<a href="https://open.spotify.com/show/6PL5kfPbwURBEu6fHCVTOL?si=26ec0fbfa7134fea"> Spotify</a>, <a href="https://podcasts.apple.com/in/podcast/the-morning-brief/id1568661777">Apple Podcasts</a>, <a href="https://www.jiosaavn.com/shows/the-morning-brief/1/GNPiFQD2xpY_">JioSaavn</a>, <a href="https://music.amazon.in/podcasts/f378141f-9afb-495d-83da-9b08ec5047ac/the-morning-brief">Amazon Music</a> and <a href="https://www.youtube.com/@theetpodcasts">Youtube</a>.

To make sense of the week’s hottest stories in business, economy, politics and markets, journalists from the Economic Times chat with reporters and industry leaders in this thrice-weekly (Tuesday, Thursday, Friday) podcast.

The Morning Brief

Will GST-Free Insurance Truly Cut Your Premiums?