The GST Council will hold its next meeting in Rajasthan’s Jaisalmer on December 21, during which it is likely to take a decision on exempting or lowering the GST rate on health and life insurance.
Annuity products enable customers to plan for their retirement and are available in two variants i.e. Immediate and Deferred Annuity.
A company statement said, “Kandpal has been with SBI General Insurance as the deputy CEO since June 2019.”
This latest transaction comes a few days after the bank sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore.
The policy takes care of hospitalisation costs, which will help curb the financial burden that may arise if a person is declared COVID-19 positive.
IRDAI had on March 23 and April 4 announced an additional grace period of 30 days for policies where the premium was due in March and April.
Over insurance may lead to higher costs than what one needs to incur, while being underinsured may leave income open to risk
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