SBI Life Insurance Company informs about GST Reforms
In light of the recent announcement by Government of India regarding the reduction of Goods and Service Tax (GST) on Individual Life Insurance policies and reinsurance thereof, SBI Life Insurance Company welcomes the reform, recognizing it as a profoundly meaningful step towards making insurance more affordable and ensuring financial security is accessible to all. This aligns with sectoral vision of “Insurance for All by 2047.”
With the new regime set to begin on September 22, 2025, the company is aligning its products and processes to ensure a smooth transition. The Company foresees a minimal impact of less than 0.2% on Embedded Value. Furthermore, the Company anticipates that this change will stimulate demand over time and positively impact the long-term value generation.
The above information is a part of company’s filings submitted to BSE.
