GST exemption on life, health policies: Lock in lower term premiums now
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar suggested that existing policyholders whose life cover falls short of family goals should use the GST cut to raise their cover rather than simply pay less.
More of Abhishek's views on insurance
The article covers the GST Council decision to remove the 18% GST on individual life and health insurance from 22 September 2025. It notes that insurers may not pass on the full cut because of lost input tax credit, and suggests buyers use the lower premiums to raise term cover and health sum insured.
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GST exemption on life, health policies: Lock in lower term premiums now