News From Press Life insurance companies stare at life beyond tax tweaks

Life insurance companies stare at life beyond tax tweaks

Source: Mint Jun 13, 2023

After a strong end to FY23, life insurance companies were expected to take a hit in the retail (individual) segment in FY24 primarily owing to the tax changes from April. Insurance Regulatory and Development Authority of India’s (IRDAI) monthly data shows that the annualized premium equivalent (APE) has been muted for the first two months of FY24.

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