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

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

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

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.

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

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 ...

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.

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 ...

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

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

From an industry perspective, GST calibrated down to 5% may be preferred rather than a complete waiver, said Gurpal Singh ...

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