News & Media

Motor insurance claims spike during monsoons but many vehicle owners face disputes or delays in claims because they don’t follow critical steps. Experts say that understanding what insurers want and avoiding common mistakes ensure smooth claims settlement.

Currently, health and life insurance premiums attract 18% GST. For instance, a life insurance policy with a Rs 100 premium costs Rs 118 including tax. Insurers, however, benefit from input tax credit (ITC) on GST paid for office expenses, agent commissions, and marketing, which offsets part of the GST collected from customers.,

The article is attributed to Mr. Manish Kumar Goyal, Chairman and Managing Director at Finkeda India's perspective on money has changed a lot in the past few years. The main driver behind this shift is the Unified Payments Interface (UPI). Introduced in 2016 by the National Payments Corporation of India (NPCI), UPI has transformed the landscape. What started as a simple and practical tool has now become the foundation of the expanding financial technology sector. This system allows for instant payments via mobile devices, simplifying digital transactions for all. In addition, it has set a global standard for efficient and affordable payment methods, positioning India as a leader in innovative financial solutions.