The benefits of using life insurance as a tool to create multi-generational wealth—while ensuring your loved ones can move forward financially after your passing—can be priceless. Some benefits include: (1) It’s typically tax-free, (2) You can use it to ensure your child’s education, (3) It can help weather a financial emergency with cash value, and (4) Accelerated death benefits can provide for you and your family before you pass. #GetLifeInsurance #LIAM23 | Life Happens

🚨 “GST exemption on all individual life insurance and health insurance policies, including family floaters and senior citizen covers, will make insurance affordable for the common man and increase coverage across the country," said FM Nirmala Sitharaman For more news & updates, visit 🔗 https://www.fortuneindia.com/ #GSTReforms #Insurance #LifeInsurance #HealthInsurance #GSTCouncilMeeting #IndianEconomy | Fortune India

#NextGenGST : ✅All individual life insurance policies, whether term life, ULIP or endowment policies and subsequent reinsurance are exempt from GST. #GSTReforms #GSTCouncilMeeting #56thGSTCouncil | All India Radio News

Exemption of GST on all individual life insurance policies, whether term life, ULIP or endowment polices and re-insurance there of, to make insurance affordable for common man and increase the insurance coverage in the country Exemption on GST on all individual health insurance policies, including family floater policies and policy for senior citizens and re-insurance - Union Finance Minister Nirmala Sitharaman #NextGenGST #56thGSTCouncil | Press Information Bureau - PIB, Government of India