Remove GST for LIC policies
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LIC policies are meant to provide risk coverage & to promote small savings awareness among the General Public of India, more particularly in Rural India. Taxing the policy holders will affect their interest in savings and in turn will affect the dividend of lakhs of crores of rupees given by LIC to Government of India every year and will ruin the insurance industry. Hence we request the Government of India to immediately roll back the GST levied on Insurance policies.
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