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

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.

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

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

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

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

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

GST exemption for insurance for individuals is expected to result in an annual revenue loss of around Rs 9,700 crore, he ...

The GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to ...

Tax experts believe the exemption could improve affordability but caution that expectations of a full 18% premium cut are ...

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

The proposal was put forward by the GST Group of Ministers (GoM) on insurance, which recommended that the exemption would make coverage more affordable and boost penetration in India’s market.