Non-life insurance outlook holds as India cuts GST to 0% - Asian Business Review

Individual life and health cover have become more affordable after the tax rate fell from 18%. India’s non-life insurance market will likely improve its growth momentum in the near term as insurance demand strengthens and financial inclusion measures take effect, AM Best said. Chris Lim, associate director of analytics at AM Best, said India’s long-term economic prospects remain supportive of non-…