Indian insurers climb on report that government proposes to lower GST on premiums

Sbi Life Insurance

18/08/2025 05:27

** Indian insurance firms gain between 2% and 4%

** India proposes to lower GST on health and life insurance premiums to 5% or even zero from 18% currently

** Finance ministry did not reply to e-mail seeking comment

** Shares of ICICI Prudential Life Insurance ICIR.NS, SBI Life SBIL.NS climb 4% and 2.9%, respectively

** Life Insurance of India LIFI.NS and ICICI Lombard General Insurance ICIL.NS rise 2.1% and 3.3%, respectively

** YTD, ICIR down nearly 1%, while SBIL surge 36%, LIFI rise 1.6%, ICIL up nearly 10%

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))