Centre Proposes GST Exemption on Life and Health Insurance Premiums

Last updated: 22 August 2025


The Centre has proposed to exempt individual life and health insurance policies from GST. Currently, insurance premiums attract 18% GST, making policies costlier for individuals. Bihar Deputy Chief Minister Samrat Choudhary, who also convenes the Group of Ministers (GoM) on insurance, confirmed the
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.


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