New Delhi, Sept. 9 -- Life insurance companies have dismissed concerns over the impact of Goods and Services Tax (GST) exemption on input tax credit, saying they have strategies in place to manage the situation.

According to a report by Centrum Institutional Research, listed players in the life insurance sector remain confident that the effect on their Embedded Value (EV) will be very limited.

It stated "life insurance companies remain confident in mitigating the impact of the GST exemption on Embedded Value (EV)".

The central government, after the GST rate rationalisation meeting, announced a GST exemption on all health and life insurance premiums, thereby removing Input tax credits to insurers. The new rule will come into effect from...