BusinessZero GST on Life Insurance in India: Impact After One Year
On September 22, 2025, India reduced GST on individual life insurance from 18% to zero to make coverage more affordable and increase adoption. A year later, life insurance penetration remains low at 2.7%, with many families lacking adequate protection. The tax deduction incentive has also diminished, raising questions about whether families have changed their approach to life insurance despite the GST cut.
Deccan Herald·3h ago