🚨 𝐏𝐚𝐫𝐥𝐢𝐚𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐊𝐞𝐲 𝐑𝐞𝐟𝐨𝐫𝐦𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐁𝐢𝐥𝐥 🚨 Exciting news for the insurance sector! 📈 The parliamentary committee has approved major reforms in the 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐁𝐢𝐥𝐥, set to enhance growth, accessibility, and affordability in the industry. 𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 1️⃣ 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 𝐋𝐢𝐜𝐞𝐧𝐬𝐞𝐬: Insurers can now offer both life and general insurance policies under a single license, expanding their service offerings. 2️⃣ 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: The lowered capital thresholds will help new players enter the market and stimulate growth. 3️⃣ 𝐆𝐒𝐓 𝐑𝐚𝐭𝐞 𝐂𝐮𝐭 𝐨𝐧 𝐇𝐞𝐚𝐥𝐭𝐡 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞: A reduction in the GST rate for health insurance premiums, making it more affordable for citizens. 🏥 These reforms are poised to increase competition, investment, and improve insurance penetration across the country. 🌏 The goal? 𝐀 𝐬𝐭𝐫𝐨𝐧𝐠𝐞𝐫, 𝐦𝐨𝐫𝐞 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐥𝐞 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐟𝐨𝐫 𝐚𝐥𝐥. 📞 𝐂𝐨𝐧𝐬𝐮𝐥𝐭 𝐔𝐬 𝐍𝐨𝐰 for insights on how these reforms could impact your insurance business! #InsuranceReform #GSTRateCut #CompositeLicenses #InsuranceGrowth #HealthInsurance #IndiaEconomy #InsuranceBill #ParliamentUpdate
