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GST EXEMPTION LOWERS HEALTH, LIFE INSURANCE PREMIUMS
Hindustan Times
|September 23, 2025
Insurance premiums of life and health insurance have become cheaper from Monday following the complete removal of 18% Goods and Services Tax (GST) as next generation GST 2.0 reforms kicked in.
All individual health insurance policies, including family floater policies and policies for senior citizens and reinsurance, are exempt from GST effective September 22.
Since its inception in July 2017, GST at the rate of 18% has been levied on premiums paid towards health insurance and life insurance.
Individual policyholders can save up to 18% GST levied on the insurance premium by any insurer from Monday.
Dit verhaal komt uit de September 23, 2025-editie van Hindustan Times.
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