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Insurance Stocks Surge on Potential GST Exemption

22 Aug, 2025

Insurance stocks experienced a boost on August 21 after reports indicated that life and health insurance might be exempt from the 18% GST in India. The GST Group of Ministers has proposed this exemption to make insurance more affordable and increase coverage in the underinsured market. While state concerns about revenue loss remain, experts believe this could lead to lower prices for consumers. Companies like SBI Life and HDFC Life saw gains, indicating a positive outlook for the insurance sector as affordability improves, especially following PM Modi's recent announcements.

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