IRDAI has retained LIC, GIC Re and New India Assurance as Domestic Systemically Important Insurers (D-SIIs) for FY26, with no change from the previous year.
Read MoreApril 1, 2026 not just signals the start of the new financial year 2026-27, but this time also brings with it a new set of income tax rules. The New Income Tax Rules 2026, based on the Income Tax Act 2025, have several changes that salaried taxpayers should be aware of. Your exemption limits are changing -hence the math behind the choice of the new and old income tax regime is also changing.
Read MoreLIC continued to outpace the private sector, reporting around 23% growth, compared with roughly 20% growth for private insurers, extending its lead for the third consecutive month. Among private insurers, Canara HSBC Life Insurance was the fastest-growing player with over 60% growth.
Read MoreIndians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax payments over Rs 1 lakh. These changes aim to enhance scrutiny and ensure bona fide claims, potentially increasing compliance costs.
Read MoreSalaried individuals claiming HRA under the old tax regime must disclose their relationship with landlords in Form 124 if rent exceeds ₹1 lakh, per Draft Income Tax Rules, 2026.
Read MoreThe draft Income-tax Rules, 2026 signal a calibrated overhaul of India’s tax compliance framework — raising thresholds for routine banking and property transactions, revising salary perquisite valuations, and expanding exemptions for families, while simultaneously tightening digital scrutiny and foreign income reporting norms.
Read MoreBudget 2026 brings a significant tax change for Sovereign Gold Bonds. Starting April 1, 2026, capital gains exemption will only apply to investors who buy SGBs at issue and hold them until maturity. Those purchasing from the secondary market will face capital gains tax. This impacts investors who previously enjoyed tax-free gains on secondary market purchases.
Read MoreLife insurance remains a critical tool for financial protection and savings in India, but coverage levels are still far below what is considered adequate for earning individuals, according to insights shared by Mithil Sejpal, Co-Founder of SLiQ (Smart LIQuidity) by ValuEnable.
Read MoreNew Income Tax Rules 2026: The Income Tax Department on Saturday released the draft Income-tax Rules, 2026. These new rules will become effective from April 1, 2026, that is the start of the financial year 2026-27. There are several changes aimed at simplification in tax filing and ease of compliance in the new draft income tax rules 2026.
Read MoreMore than ₹22,000 crore in life insurance benefits remained unclaimed at the start of FY24, highlighting a growing awareness gap among policyholders and their families, according to Kamlesh Rao, Chairperson of the Insurance Awareness Committee (IAC-Life), and Parag Raja, Member of IAC-Life.
Read MoreAn important reform to India's tax system will take place on April 1, 2026, when the Income-tax Act, 2025, goes into effect. These modifications will have an impact on how people, companies, and investors calculate taxes, report income, and adhere to TDS/TCS regulations.
Read MoreLife Insurance Corporation of India rose 6.45% to Rs 894.65 on Friday after the insurer reported a strong set of consolidated numbers for the December quarter.
Read MoreCampaign running from January 1 to March 2, 2026, allows revival of lapsed individual policies with concessions on late fees, aimed at restoring insurance cover for policyholders
Read MoreIndians lost Rs 52,976 crore to frauds in six years; 2025 losses at Rs 19,812 crore.
Read MoreThe RBI has identified SBI, HDFC Bank, and ICICI Bank as India's most systemically important financial institutions, terming them as Domestic Systemically Important Banks (D-SIBs).
Read MoreLIC posted a 32% YoY profit jump to Rs 10,053 crore in Q2 FY26, with Net Premium Income rising 5.4% to Rs 1.26 lakh crore.
Read MoreLIC is launching two new offerings for the domestic market, LIC namely LIC Jan Suraksha and LIC Bima Lakshmi, which will cater to different individual needs.
Read MoreRefunds may sometimes get delayed even after the return has been processed, and there are various reasons for this delay.
Read MoreThe Income-tax Act, 2025 (New Act) marked a historic shift from the Income-tax Act, 1961 (Old Act) by eliminating provisos and explanations, making substantive law clearer and more accessible. However, the Income-tax Rules continue to create procedural complexity and hardships for many taxpayers.
Read MoreIndia faces a life insurance protection gap of over 17 trillion dollars, with 83 percent underinsured.
Read MoreThis surge released pent-up demand from customers. Industry sales had been lower earlier in anticipation of the tax change. Overall new business premiums grew, but policy numbers declined.
Read MoreLife Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year.
Read MoreA proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.
Read MoreThe move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns from various assessment years were wrongly invalidated due to system glitches.
Read MoreFor high-net-worth NRIs, term insurance is crucial for securing their family's financial future, considering factors like inflation and global living costs. Indian insurers offer cost-effective policies with benefits like GST waivers, premium refunds, and worldwide coverage.
Read MoreThe GST Council is expected to announce a significant tax cut on life and health insurance premiums in its upcoming meeting. The move could lower costs for policyholders and boost insurance penetration across India.
Read MoreAs ITR filing for AY 2025-26 picks up pace, reports suggest the government may delay issuing tax refunds until past assessments are cleared under Section 245. Experts warn this move could hurt honest and salaried taxpayers who rely on timely refunds for financial planning and liquidity.
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