Full GST benefit to these insurance customers as the insurers pass ITC burden to distribution partners
Published on: Sept. 30, 2025, 8:04 p.m. | Source: The Economic Times
Following the GST Council's decision to exempt individual health and life insurance policies, insurers are adjusting to the loss of Input Tax Credit. Companies like Tata AIG and Aditya Birla Health Insurance will reduce agent commissions from October 1, 2025, making distributors bear the GST cost. This move aims to mitigate the impact on insurers' profitability and expenses of management.
