Following HDFC Life Insurance Company’s second-quarter (Q2) 2025-26 (FY26) earnings, Vibha Padalkar, managing director and chief executive officer, spoke to Aathira Varier and Subrata Panda about the impact of the goods and services tax (GST) cut on insurance premiums, the withdrawal of input tax credit (ITC), and the company’s plans to mitigate these changes. Edited excerpts:
How has the GST cut and the withdrawal of ITC impacted the company in Q2FY26?
The removal of GST on insurance premiums is a monumental step because it reinforces the importance of life insurance in the minds of ordinary Indians. A developed nation cannot

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