The modest Rajasthan demand adds to a growing GST dispute position for ICICI Prudential Life, which faces total exposure of 9.84bn rupees following February's dismissed appeal.
Indian insurers continue to face escalating tax scrutiny as Go Digit becomes the latest to receive a sizeable demand order, prompting plans for an appeal.
The order is the largest in a series of income tax demands hitting India's life insurers, as the tax authority challenges the sector's treatment of reserves, fund losses, and exemption claims.
Allianz Group and Jio Financial Services Limited (JFSL) on Thursday named Sonia Rawal as chief executive officer of their newly launched reinsurance joint venture, Allianz Jio Re Limited.
In a joint...
