Economy Budget 2020: Govt needs to tweak these rules to increase insurance penetration Updated : January 30, 2020 06:22 AM IST The government should take a re-look at the imposition of GST on pure protection insurance products. The FM must consider easing restrictions on remuneration earned from non-mandatory risk products Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.