New Delhi, March 11 -- Private life insurers reported robust 20.2 per cent year-on-year (YoY) growth in individual Annualized Premium Equivalent (APE) as the industry continues to see significant expansion. According to a Nuvama report, for FY26TD, the market share for private insurers in the individual APE segment surged 164bp YoY to 72.4 per cent.

"While in the long run GST exemption on individual businesses will support demand, in the short term the companies will need to re-work pricing, processes and channel dynamics in order to mitigate any adverse impact on the margin," the report stated.

Earlier in September 2025, the landmark next-generation GST reforms that were announced included significant relief to citizens in the healthca...