38 h. ago No GST On Health, Life Insurance: Here's How Much You Can Save Annually

However, insurers face a challenge of being left with a GST liability on their expenses while their GST incoming has been removed.

Politics

47 h. ago GST Exemption On Retail Insurance Set To Boost Demand; HDFC Life, Niva Bupa Among Motilal Oswal's Top Picks

The change will be effective from September 22, 2025; GST cuts to benefit policyholders, says Motilal Oswal

Politics

58 h. ago No GST On Individual Life, Health Insurance, 33 Lifesaving Drugs

The changes will take effect from Sept. 22, with phased implementation for certain items.

Events

59 h. ago Individual Life And Health Insurance Policies To Be Exempt From GST

The GST on health and insurance products, which stood at 18 per cent, has been cut to zero, in a major revamp of the GST rate structure.

Events

1 week ago Insurers' Body Slam AHPI Move To Suspend Cashless Services For Bajaj Allianz, Care Health Policyholders

Such action on part of AHPI "undermines the sanctity of a human life", especially in cases requiring emergency hospitalisation, the General Insurance Council said.

Economics

2 w. ago Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4

A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.

Politics

2 w. ago GST Relief Could Cut Insurance Premiums By Up To 15%, Depending on Credit Claims

The group of ministers on GST reform is set to recommend a complete exemption of goods and services tax on health and life insurance premiums

Politics

2 w. ago SBI Life, HDFC Life, Other Insurance Shares Edge Higher As GoM Proposes GST Exemption On Premiums

The Centre has proposed scrapping the existing 18% GST levied on insurance premiums paid by individuals.

Politics

2 w. ago GST Relief On Insurance May Raise Input Costs For Insurers: Emkay

Emkay noted that there is ambiguity around whether group platform products like credit life and banca health insurance, paid by individual customers, will benefit from the exemption.

Politics

2 w. ago Health, Life Insurance Premiums Likely To Be Exempted From GST This Diwali

Move could reduce policy premiums for individuals by roughly 15%.

Politics

2 w. ago GoM Weighs GST Exemption On Life And Health Insurance Premiums

The GoMs on rate rationalisation, insurance taxation and compensation cess will over two days deliberate on the Centre's 'next-gen' GST reforms, under which tax will be levied at 5% and 18% rates.

Politics

2 w. ago India panel proposes exempting taxes on health, life insurance

India panel proposes exempting taxes on health, life insurance  Reuters

Politics

2 w. ago Centre Proposes Exempting Insurance Premium From GST: Samrat Choudhary

The Centre has proposed exempting life and health insurance premium from GST, Bihar Deputy Chief Minister and convenor of insurance GoM Samrat Choudhary said on Wednesday.

Politics