Indian life and health insurers anticipate significant growth in 2026, driven by the GST exemption on individual premiums and the "Sabka Bima Sabki Raksha" Bill, which permits 100% FDI. This exemption, effective September 22, 2025, has already boosted new business premiums by 23% in November. Industry leaders believe these changes will address demand and supply constraints, making insurance more affordable and increasing penetration, particularly for term insurance.