GST On Insurance Premiums To Hit Zero On Sept 22, 2025: Should You Wait To Renew Or Buy Health And Life Insurance?
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that the lack of input tax credit may keep premium cuts below the full GST rate, depending on how large insurers respond, and said premiums already paid will not be refunded.
More of Abhishek's views on insurance
The article explains the removal of GST on premiums for individual health and life policies from September 22, 2025, and how it lowers what policyholders pay. It notes that the change applies automatically at renewal or new purchase on or after that date, with no refunds for premiums already paid.
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GST On Insurance Premiums To Hit Zero On Sept 22, 2025: Should You Wait To Renew Or Buy Health And Life Insurance?