GST 2.0: Health & Life Insurance Exempt at a Premium

CA Niraj Navindgikar | Last updated: 03 October 2025

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The recent GST 2.0 reforms have brought significant changes, including the exemption of GST on health and life insurance premiums, a move from the previous 18% levy. This exemption applies specifically to individual policies like term, ULIP, endowment, and family floater plans. However, group insurance policies remain subject to GST, though they continue to offer benefits such as no waiting periods and simplified claims, making them a valuable supplement to individual coverage.

After the historic introduction of GST on 01st July 2017, there have been various amendments to the GST law. Although the announcement made on 03rd September, 2025, by the Central Government after the conclusion of the 56th Meeting of the GST Council has been adjudged as a significant reform. It has

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About the Author

CA Niraj Navindgikar

Practicing CA

Hello. I am a practicing Chartered Accountant from Solapur, Maharashtra. I have my own CA firm and I am a Partner in a reputed CA firm in Solapur. Apart from being a practicing CA, I am also a Certified Forensic Accounting Professional (CFAP) with a demonstrated history of working in the fields of Banking, Accounts, Au ... Read more

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