The government has eliminated the 18% GST on life and health insurance premiums effective October 1, 2025. While this benefits customers by lowering costs, insurance agents—especially those working with private insurers—are facing commission cuts of up to 18% due to the loss of input tax credit. Public insurers are absorbing the GST cost, but private companies are passing it on to agents.

By raising the life insurance coverage to 7 lakh, the Employees' Provident Fund Organization (EPFO) has expanded its EDLI benefits and given more than six crore members more financial security. The elements of the program, the requirements for qualifying, and the procedure for claiming benefits are all explained in the article. Employers are essential in helping workers or their families get these benefits, highlighting the government's emphasis on increased worker social security.