Tax
Impact of GST Infographic
Published On
07th November 2017
Total Reads
2,304
Impact of GST on Insurance Premiums
With an increase in the insurance premium, the competition among the different insurers is expected to become more intense. Insurance companies will try to offer improved products to increase market share, which would benefit the consumers. The premium charged by insurers not only includes the risk element but also incorporates other factors. These include agents’ commissions, documentation, and issuance fees. The higher GST rate is expected to make insurance policies costlier. To reduce this impact, insurance companies are expected to decrease the costs of the other charges included in the premium.
The increase in premium is not the only factor an individual must consider while purchasing insurance. The security of loved ones in case of an adverse event plays an important role in making the right decision. HDFC Life Click 2 Protect 3D Plus offers cover for Death, Disability and Disease.
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Our vision is to provide innovative and customer-centric insurance plans that can help our customers secure their family's future as well as help them with other benefits such as tax savings. Keeping this in mind we offer a large range of life insurance plans such as term insurance plan, women's plan, health insurance plans, pension plans for retirement planning, child education plans, ULIPs, Savings plans. Most of these life insurance policies are available online, so buy one today and Sar Utha Ke Jiyo!.
As per regulatory changes, it is mandatory to submit PAN/Form 60 (if PAN is not available) for your policy with immediate effect. Please update via My Account/[email protected]/18602679999/HDFC Life branch. Ignore if already submitted.
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office:
HDFC Life Insurance Company Limited,
Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Tel No: (022)67516666.
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited and is used by HDFC Life under a licence/agreement
For more details on risk factors, associated terms and conditions and exclusions, please read the sales brochure carefully before concluding a sale. ARN: EC/06/2017/9792
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