
A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.
After completing my graduation (B. Com), I started my career in the agency in October 1999. My areas of work are LIC, general insurance, Postal Savings and Mutual Funds. In the short duration of my stint as an insurance advisor, I've provided the benefits of insurance to about 400 families, selling 640 policies. Also, I've been servicing about 1250 of other agents' policies.
Read MoreA proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.
Financial Express 29/07/2025
The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns from various assessment years were wrongly invalidated due to system glitches.