18% Goods and Services Tax (GST) on Life Insurance is removed from 22nd Sept as per Govt. of India's Mandate.
With Zero GST in place, the premiums of your Life Insurance plan will cost you lesser for same sum assured.
Since the 18% additional GST is scrapped on insurance, now save that money and use that for other essentials.
Since life insurance premiums are now more affordable, you can choose plans with higher coverage.
The GST change is welcoming and the lower costs will promote non-protected ones to become first time buyer.