The government’s decision to exempt health and life insurance premiums from GST under the GST 2.0 framework was aimed at making insurance more affordable for citizens. Questions were already being raised on whether the benefit will truly reach consumers.
In the latest development, the GST reform for the insurance sector seems to have ruffled some feathers for industry agents body and has created new problems for the insurance distribution network.
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Prashant Mhatre, All Ind
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