GST waiver on life, health cover: A catalyst for a new phase of growth

Will the recent waiver of Goods and Services Tax (GST) on individual life and health cover be a catalyst for a new phase of growth in the insurance industry and benefit commoners?This has been a hot topic for discussion among diverse stakeholders in the life and non-life sectors, since the GST Council’s decision to rationalise rates.A decade-old demand, the GST Council announced its decision during its 56th meeting during September 3-4, 2025.Though it has been on the cards for the last two years at least, t ...