LIC Passes On Full GST Exemption Benefit to Policyholder: Net Profit Rises to Rs 10,053 Crore - CAclubindia

The Life Insurance Corporation of India (LIC) has announced that it has fully passed on the benefits of the recent Goods and Services Tax (GST) exemption on life insurance premiums to its customers. This move, the insurer said, will make life insurance more affordable and is expected to boost insurance penetration across the country. Announcing the company's Q2 FY26 results, LIC's CEO and Managing…