Insurance Stocks Surge on GST Relief

  Published 7 months ago

Insurers rallied as GST removal boosts affordability, driving growth prospects across life, health, and reinsurance products.

  • Life, health, and reinsurance products are now exempt from GST, making policies cheaper and more attractive to buyers.
  • Major insurers like ICICI Lombard, LIC, Star Health, and HDFC Life recorded significant stock market gains today.
  • Exemption covers ULIPs, term life, endowment, family floater, and senior citizen plans, fueling higher policy adoption.

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