Policybazaar mum or dad PB Fintech’s shares surged 6% to INR 1,960.91 intraday on the BSE, whereas Go Digit rose 4.8% to the touch INR 371.65 throughout early buying and selling hours

Yesterday, the GST Council introduced that life and medical health insurance insurance policies can be exempted from GST beginning September 22, 2025

For medical health insurance, all particular person medical health insurance insurance policies, together with household floater plans and senior citizen insurance policies and the reinsurance providers thereof have been exempted

Insurtech corporations PB Fintech and Go Digit noticed their shares rise within the intraday commerce right this moment after the GST Council introduced exemption of GST on life and well being insurance policies yesterday.

Policybazaar mum or dad PB Fintech’s shares surged 6% to INR 1,960.91 intraday on the BSE, whereas Go Digit rose 4.8% to the touch INR 371.65 throughout early buying and selling hours.

At 10:30 AM, shares of PB Fintech have been buying and selling 4.8% greater at INR 1,918.75. At this level, the corporate’s market capitalisation stood at INR 88,119.99 Cr (about $9.9 Bn), with as many as 10.5 Lakh shares altering fingers.

On the identical time, Go Digit shed most of its positive factors for the day and was buying and selling 0.3% greater at INR 355.75. Its market capitalisation stood at INR 32,846.40 Cr (about $3.7 Bn) and a buying and selling quantity of 6.5 Lakh shares.

Yesterday, the GST Council introduced that life and medical health insurance insurance policies can be exempted from GST beginning September 22, 2025. Earlier than this, premiums for these merchandise attracted 18% GST.

The exemption covers all particular person life insurance coverage insurance policies, together with time period, ULIP, and endowment plans and reinsurance providers for them. For medical health insurance, all particular person medical health insurance insurance policies, together with household floater plans and senior citizen insurance policies and the reinsurance providers thereof have been exempted.

(The story can be up to date quickly)