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GST 2.0 makes term insurance tax-free: How to save up to ₹1 lakh on policies
October 08, 2025
|Business Standard
The government has slashed the goods and services tax (GST) rate on term insurance premiums from 18 per cent to 0 per cent under the new indirect tax regime.
-
view life protection.
Here's why it's important
· Lower premium cost: Term plans are now up to 18 per cent cheaper.
· Improved accessibility: More individuals and families can afford essential life coverage.
هذه القصة من طبعة October 08, 2025 من Business Standard.
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