📢 LIFE INSURANCE SECTOR IN FOCUS

🔹 Life Insurance Council & LIC likely to write to Finance Ministry & CBIC over GST concerns (sources: CNBC-TV18) 🔹 Council to meet IRDAI Chairman soon for endorsement 📌 Key Demands: 1️⃣ Make GST changes prospective, not retrospective 2️⃣ Exempt GST on commission expenses ⚡ Govt has already allowed GST exemption on reinsurance expenses 👉 Together, reinsurance + commission = 85–90% of industry costs