No GST on life and health insurance: How much will you really save?
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar worked through the article's example, showing the GST saving on sample health and life premiums. He cautioned that insurers can no longer claim input tax credit, so they may not pass on the entire 18% reduction.
More of Abhishek's views on insurance
The article explains the GST Council's decision to exempt individual life and health insurance premiums from GST from September 22, 2025. Using sample premiums, it shows the tax that would no longer apply, and discusses why the loss of input tax credit for insurers means the full saving may not reach policyholders.
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No GST on life and health insurance: How much will you really save?