GST Exemption Fuels 50% Jump in Term Insurance Sales; Insurers Expect Trend to Continue

Last updated: 15 November 2025

Life insurers are witnessing a sharp rise in demand for pure protection (term insurance) plans after the government removed Goods and Services Tax (GST) on individual term policies from September 22. Major insurers such as HDFC Life, Axis Max Life, and SBI Life have reported strong momentum in their

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Category GST   Report

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