Chennai, Sept. 4 -- Star Health and Allied Insurance today welcomed UnionFinance Minister Ms NIrmala Sitharaman's announcement to exempt healthand life premiums from GST and termed it as a pivotal shift for the industry.
A company statement here said "The Government's decision to exempt healthand life insurance premiums from GST marks a pivotal shift for the industry. Thisreform will reshape the insurance landscape, accelerating penetration, drivinghigher renewal rates, building deeper customer loyalty and a critical catalystfor future growth."This sets the stage for an era of enhanced insurance penetration which hasremained critically low, making coverage more affordable and accessible,and bringing us closer to the IRDAI's vision of 'Insu...