LatestGoods & Service Tax (GST) 19 September 2026
Term Insurance Jumps 1.5× Post‑GST, Riders
Following the September 2025 exemption of goods and services tax on term life policies, Indian consumers have boosted purchases by roughly 1.5 times, according to the latest market report. Lower premiums are driving the surge, while a notable share of new buyers are also attaching riders such as critical illness, accidental death and disability coverage, indicating a broader demand for enhanced protection.
Key Findings
- Term life policy sales rose about 1.5 × after the GST exemption in September 2025.
- Reduced premiums are the main catalyst for the uptake.
- More buyers are adding riders (critical‑illness, accidental death, disability) for extra coverage.
For full details see the original report.
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