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<h1>GST waiver on individual insurance premiums spurs insurer growth outlook and is set to increase policy uptake.</h1> The GST waiver on premiums of individual life and health insurance policies is expected to boost sector growth by improving affordability and stimulating demand. Life insurers saw expansion in new business premiums driven by higher sales of single and non-single premium products; agent additions and accelerated digitisation are cited as key operational drivers supporting increased insurance penetration and sustained premium momentum.