R Doraiswamy, managing director and chief executive officer of Life Insurance Corporation of India (LIC), says policy sales have gathered momentum after the goods and services tax (GST) rationalisation on individual life insurance premiums, increasing affordability for customers, during an interaction with Aathira Varier, Subrata Panda and Manojit Saha of Business Standard in Mumbai. GST Relief Lifts Q3 Policy Sales Did GST rationalisation play a big role in the pickup in policy sales in the third quarter (Q3)? The decision of the GST Council to make individual lines of insurance business exempt from GST has reduced the prices that the end customer has to pay.