You are here: Home » Finance » News » Banks

18% GST on insurance premium is atrocious: Former IRDAI member Nilesh Sathe

Business Standard

BFSI Insight Summit: Why should we not seek subsidy, ask panelists

Say customer engagement has been one of the pain points for insurers, historically

Topics
BFSI | Business Standard | Non-life insurance

Subrata Panda  |  Mumbai 


non-life insurance
The panelists were part of a discussion on the topic General Insurers — Insuring the Insurers

The industry has paid around Rs 30,000 crore in Covid-related health claims without any support from the government and the cost of such claims are borne by the industry, said the panelists at the Insight Summit on Monday.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 08 2021. 23:01 IST

.