GST amortisation on distribution costs will offer breather for life insurers: Kamlesh Rao
Life insurers are pushing for the government to let them spread out distribution costs to counter the effects of GST rate reductions. The 'Sabse Pehle Life Insurance' campaign has boosted awareness for term, savings, and retirement products, but converting it into action is difficult. The industry is also worried about input tax credit and is collaborating with regulators to address the issue.