GST reduction: New life insurance business premium touches Rs 34,007 cr in October
GST
Dated:- 11-11-2025
PTI
Kolkata, Nov 11 (PTI) India's life insurance sector continued its double digit growth for the second month in a row, with new business premium up by 12.1 per cent year-on-year touching Rs 34007 crore in October, 2025, CareEdge Ratings said on Tuesday, quoting data provided by Life Insurance Council and IRDAI.
This represents a significant rebound from 5.2 per cent decline in August 2025. The rise was mainly driven by strong performance in the individual segment, particularly non-single premium policies, indicating growing demand for recurring products.
In addition to the above, the recent reduction in GST on individua
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