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.

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

Currently, health and life insurance premiums attract 18% GST. For instance, a life insurance policy with a Rs 100 premium ...

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

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

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

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

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

After the PM's speech, the government later came out with details about the upcoming next-generation GST reform which is aimed at lowering tax rates for most daily use essential items, home appliances ...

Government may abolish 18% GST on health and life insurance premiums, making policies more affordable for middle class and ...

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