LIC sees Rs 1,100 crore inflows on Day 1 of GST-free life cover: Report

Life Insurance Corporation of India (LIC) received over Rs 1,100 crore in inflows on the first day after the goods and services tax (GST) was scrapped on individual traditional life insurance policies, reported The Economic Times.  This sharp rise comes in contrast to the Rs 5,000 crore of monthly premium income from retail policyholders seen in August 2025. The GST exemption took effect on S…