Can VAT apply to insurance brokerage services?

The Covid-19 pandemic in the world has disrupted our lives. It has not spared any sector and some are even making a kill from it. Talk of the entrepreneurial spirit in this country!

But the same cannot be said of the insurance sector. For starters the insurance industry has stated that Covid 19 is not coverable because it falls under pandemics. which are an exclusion in a typical insurance cover.