Substantial growth in insurance biz since GST rationalisation: Irdai member
Published on: Nov. 14, 2025, 7:23 p.m. | Source: The Economic Times
Insurance business has seen significant growth following GST rate cuts. Regulators are pushing the industry to expand coverage and make policies more affordable. Focus is also on developing products for natural events and addressing uninsured vehicles. Digitisation and technology are key to reducing costs and ensuring transparency. India aims to increase insurance penetration beyond GDP ratios by covering more lives.
