India's life insurance industry seek tax break on protection policies

The Life Insurance Council is lobbying for a lower rate of GST ahead of the union budget, from the current 18% to the 5% slab for protection-based services, arguing that it is not a luxury consumption item.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/insure/life-insurance/indias-life-insurance-industry-seek-tax-break-on-protection-policies/articleshow/80147448.cms