Insurance Stocks Edge Higher as GST on Premiums Scrapped

Shares of major insurers like HDFC Life,

SBI Life, LIC, and ICICI Prudential gained 1–2% on September 4 after the GST Council cut GST on individual health and life insurance premiums from 18% to zero. While customers benefit, insurers may raise base premiums 1–4% due to loss of input tax credit.