Business Economy


Star Health welcomes GST exemption for health, life insurance premiums

Chennai, Sep 4 (UNI) Star Health and Allied Insurance today welcomed Union
Finance Minister Ms NIrmala Sitharaman's announcement to exempt health
and life premiums from GST and termed it as a pivotal shift for the industry.
A company statement here said "The Government's decision to exempt health
and life insurance premiums from GST marks a pivotal shift for the industry. This
reform will reshape the insurance landscape, accelerating penetration, driving
higher renewal rates, building deeper customer loyalty and a critical catalyst
for future growth."
This sets the stage for an era of enhanced insurance penetration which has
remained critically low, making coverage more affordable and accessible,
and bringing us closer to the IRDAI's vision of ‘Insurance for All by 2047.’
This is a significant step that will build greater trust in the system and support
the sector’s long-term growth.
From a business perspective, it strengthens the foundation for continued
expansion and ensures a more sustainable future for the industry, it said.
UNI GV 1818
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IHCL reports record FY26 Revenue of ₹ 9,971 Cr, Announces Dividend

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Aramco CEO warns current energy shocks only to worsen; could take till 2027 to restore prices to pre-war levels

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Noel Tata to quit Tata Group co-boards before 70th birthday

11 May 2026 | 8:11 PM

Mumbai, May 11 (UNI) Noel Tata, Chairman of the Tata Trusts, is preparing to quit the Tata Group company boards since he is nearing 70, according to senior company officials.
Discussions about potential transitions are already underway with senior executives.
Noel Tata will turn 70 in November this year.
The Tata Group has a governance practice where executives retire from operational roles at 65 and step down from nonexecutive board positions at 70.

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