The premium for insurance policies is reportedly set to increase after the rollout of Goods and Services Tax as there would be a hike in the rate of tax on insurance. According to reports, Bajaj Allianz General Insurance MD Tapan Singhel has said that the immediate impact would be an increase in the tax from 15% to 18% which would have to be borne by customers.
By Vignessh KJ | May 21, 2017 11:49 AM #GST #Insurance
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