LIC

Life Insurance Corporation of India (LIC) has urged the government to exempt life insurance products from the Goods and Services Tax (GST), arguing that such a move would allow insurers to claim Input Tax Credit (ITC) and ultimately reduce costs for policyholders. The proposal comes at a time when the insurance industry is navigating rising operational expenses, evolving regulatory frameworks, and increased demand for transparent, affordable financial protection.

Life Insurance Corporation of India (LIC) has initiated detailed due diligence before committing funds to Adani Group companies, reaffirming its prudent investment approach. The process involves thorough assessment of financial health, governance standards, regulatory compliance, and long-term risk factors. Analysts note that LIC’s cautious methodology reflects its responsibility as a major institutional investor managing public policy-linked funds.