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LIC continued to outpace the private sector, reporting around 23% growth, compared with roughly 20% growth for private insurers, extending its lead for the third consecutive month. Among private insurers, Canara HSBC Life Insurance was the fastest-growing player with over 60% growth.
Read MoreIndians working abroad can claim Foreign Tax Credit (FTC) by filing Form 67. Draft rules propose renumbering it to Form 44, requiring CA certificates for companies and individuals with foreign tax payments over Rs 1 lakh. These changes aim to enhance scrutiny and ensure bona fide claims, potentially increasing compliance costs.
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