GST
Why insurance sector is E-commerce firms’ favourite poaching ground
India’s insurance sector has increasingly become a soft poaching ground for e-commerce, quick commerce, and logistics firms, which are hiring aggressively ahead of the festive season in anticipation of a sales surge following last week’s goods and services (GST) rate cuts. The insurance industry experiences very high attrition rates at junior levels, as its young…
GST rate cut on insurance: Should you wait till September 22 to buy new policy? Experts weigh in
The Centre has removed GST on all individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance; and on family floater policies and policies for senior citizens and reinsurance thereof, from September 22, 2025, onwards. The move, announced by Finance Minister Nirmala Sitharaman, is aimed at reducing entry barrier price for…