ilmscore | Prediction Details
"And the most one the most important one that I've been waiting for for quite a long time is insurance because currently insurance GST is around 18 in the 18% slab and we are really waiting to see it go as a GST exemption. If GST is boiled down to 0% for insurance, I'm sure it will have a positive impact on the overall insurance penetration in India as well."
By CA Rachana Phadke Ranade | August 22, 2025 | Incorrect
From video
India’s Big Consumption Boom: What’s Driving It? | CA Rachana Ranade 00:04:10 - 00:04:32
Interpreted Prediction
There is an expectation that insurance GST could be reduced to 0%, which is predicted to positively impact insurance penetration in India.
AI Evaluation Notes
As of January 2, 2026, the GST on insurance has not been reduced to 0% in India. The GST rate remains at 18%.

Prediction Details

Topic
GST Impact on Insurance

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