The removal of goods and services tax (GST) on term life insurance premiums is a significant and welcome reform. For the non-resident Indians (NRIs), who were earlier paying an additional 18 per cent GST on their term premiums, this translates into an immediate reduction in overall cost. “Term insurance, by nature, is a pure protection… Continue reading Easier Payments, Lower Premiums: NRIs Gain From GST-Free Term Plans