The GST Group of Ministers has proposed exempting health and life insurance premiums from GST, a move intended to make ...

A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

GST exemption could particularly entice younger, first-time buyers, especially those in the 25-40 age group, who are often put off by the cost, according to experts.

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

Insurance premiums, currently subject to an 18% goods and services tax, may soon be exempted from it. The group of ministers ...

A panel of Indian state ministers on goods and services tax (GST) has proposed exempting tax on health and life insurance ...

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

Removing or reducing GST would immediately ease financial load on senior health cover: Gaurav Dubey: Nandita Vijayasimha, Bengaluru Friday, August 22, 2025, 08:00 Hrs [IST] Prime ...

The Centre has proposed exempting life and health insurance premiums from GST, aiming to alleviate financial burdens.

The Group of Ministers (GoMs), constituted by the GST Council on Compensation Cess, Health and Life Insurance (for individuals), and Rate Rationalisation, has proposed a complete exemption on health ...

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India.