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Insurers seek ITC on renewal premiums, distribution costs
Financial Express Kochi
|September 10, 2025
Protecting Margin A Concern
LIFE AND GENERAL insurers will approach the government seeking input tax credit (ITC) on renewal premiums and distribution expenses, such as agent commissions, to fully pass on the GST rate-cut benefits to policyholders.
"Reinsurance premiums are exempted from GST, unlike distribution costs related to the direct sale of individual policies. We are putting together a representation note on behalf of life insurance players," Kamlesh Rao, chairperson of the Life Insurance Council's Insurance Awareness Committee, said in a TV interview.
Bu hikaye Financial Express Kochi dergisinin September 10, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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