
Nil GST boost: LIC sees Rs 1,100 crore inflows on first day of life insurance relief
Life Insurance Corporation of India (LIC) attracted strong investor interest on the first day after the government scrapped goods and services tax (GST) on individual traditional life insurance policies. The insurer drew inflows of over Rs 1,100 crore in a single day, according to reports. This development is significant as LIC usually receives around Rs…