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Policyholders are unlikely to get full benefit from GST exemption; premiums likely to rise with no ITC benefit

Starting September 22, 2025, premiums for individual health and life insurance policies are exempt from GST, meaning policyholders won’t need to pay any GST on these premiums, except for group ...
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Full GST exemption on health and life insurance premiums proposed: While insurers may hike premium, post tax cost for consumer is likely to come down

The GST Group of Ministers (GoM) has today proposed to completely exempt premiums paid towards health and life insurance policies from the GST levy, ET reported. While this may seem like a great move ...