If you want to secure your financial future, then this news is very important for you. Life Insurance Corporation of India (LIC) has taken two big steps in the beginning of the year 2026, which can make financial planning of you and your family easier. First, LIC Jeevan Utsav Single Premium Plan, which will be applicable from 12 January 2026. This is a non-par, non-linked, individual savings and whole life insurance plan, in which by paying a premium once, you can get insurance cover for a long time. However, its complete details are yet to be announced.

GST on Health Insurance Premium: In the 56th meeting of GST Council, 18 percent GST on the premium of health and life insurance policy has been removed. That is, no GST will be imposed on health and life insurance now. It was being demanded for a long time. This hoped people that it would be cheaper to take insurance by removing 18 percent GST on premium.

However, a recent new report has destroyed this expectation of the people. In a new report by Kotak Institutional Equities Research, it has been reported that insurance companies are thinking of increasing their tariff to 5 percent to compensate for the loss due to input tax credit. This can increase the premium rather than decreasing.

Companies will balance increased expenses

It has been said in the report that increasing the tariff will help companies compensate for the loss of input tax credit. Let us know that earlier insurance companies used to take advantage of the input tax credit (ITC) on their operational costs on commission, reintegration and advertisements of agents. Now due to the removal of GST, companies will not be able to claim ITC. This will increase their expenses, which they will have to resort to tariffs to balance. That is, the policy rates will be increased.

Let us tell you that in GST system, insurance companies are given a special facility. Under this, the tax paid on the expenditure on operation, it could have been reduced from GST taken from customers. After this, the government had to deposit the tax left. That is, due to ITC, companies did not have much tax burden, but if there is no GST, then how will the balance be accounted for. To balance this, companies can increase the premium rates so that they are reduced or not.

Demand will increase the policy of policy

However, the report also states that its demand will increase due to the insurance premium 12-15 percent with the GST rate cut. However, what will be the benefit of relief in GST due to increasing premium! The discount on insurance premium is scheduled to come into force from September 22, 2025.

According to the report of Kotak Institutional Equity, Star Health can increase its tariff by 1-3 percent after the exemption on GST and ITC benefits are over. On the other hand, Niva Bupa can increase it up to about 4 percent. In this way, the impact of the GST rate cut on the insurance policy will be found to be negligible to the policyholders.

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Insurance rules for death in Attack: For the last few days, the situation between India and Pakistan has remained very tense. In response to the terrorist attack in Pahalgam, the Indian armed forces blew 9 terrorist bases in Pakistan and Pakistan Occupied Kashmir. After this, Pakistan attacked the states adjacent to the border with drones and missiles.

In which not only military structures but also civilians were attacked. In which many people lost their lives. Now in such a situation, the question is coming in the minds of many people if a person dies in the attack of Pakistan. So even then he will get the insurance amount. Let us tell you what are the rules.

Will insurance money be given in case of death in attack?

While taking insurance, people should first read the entire policy. And all the rules fixed in the policy should be known correctly. Let us tell you that according to the Insurance Regulatory and Development Authority i.e. IRDA, life insurance policy is also done in an attack like terrorism. That is, if a person dies in an attack on behalf of Pakistan, then he is entitled to the insurance amount.

https://www.youtube.com/watch?v=Jh7vp4Z31vo

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Let us tell you that at this time many insurance companies have also come up with terrorism insurance policy. Which are made only for such attacks. But let us tell you that a separate accident cover is found in general insurance. But death occurs in a terrorist attack. So that additional cover is not available, only normal insurance money is available.

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Essential insurance for these things also

Not only this, in the terrorist attack, people as well as houses and vehicles are also damaged. Many people do not get them insured. In such a situation, if a terrorist attack takes place. In which their house and vehicle are damaged. Then there can be loss in such a situation. Therefore, if you also insure these things. In such a situation, if the house and vehicle are damaged in the terrorist attack. Then you can claim and take money.

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