Current Affairs · Economy & Insurance
With reference to recent discussions and trends in India's insurance sector, consider the following statements: I. The life insurance segment has witnessed growth in new business premiums driven by expanding digital penetration. II. The Goods and Services Tax (GST) Council has officially exempted all types of commercial group and employer-sponsored insurance policies from taxes, reducing their rate to zero per cent. III. The government has introduced complete zero per cent GST on all retail non-life insurance products across the board without any conditions. Which of the statements given above is/are NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only
- 3II and III only✓
- 4I only
Correct answer
II and III only
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