Exemption of GST on life insurance: How your premiums get cheaper from September 22
Oct 01, 2025
New Delhi [India], October 1: Life insurance is one of the most important ways to secure your family's financial future. Upto September 21, 2025, every policyholder had to pay an extra 18% GST on premiums, making protection plans costlier than the base premium. That changes from September 22, 2025, when the Government's decision to exempt GST on individual life insurance premiums came into effect.
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