Quick Summary
The Central Government has issued Notification No. 16/2025 - Central Tax (Rate) along with corresponding amendments under Integrated GST (IGST) and Union Territory GST (UTGST), providing GST exemption on life and health insurance services when availed by individuals or families, effective September 22, 2025. Key Highlights of the Notification Exemption on Insurance Premiums Life insurance services provided by insurers to individuals or families (not groups) are exempted from GST. Health
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
The GST exemption will be effective from September 22, 2025.
No, the exemption is specifically for individual or family life and health insurance policies. Group insurance policies, such as those provided by employers, will continue to attract GST.
The exemption covers health insurance contracts that include medical expenses (in-patient or out-patient), surgical expenses, hospital costs, travel cover, and personal accident cover for individuals or families.
Yes, reinsurance of individual life and health insurance policies will also be GST-free.
For this exemption, a family includes all persons covered as family members within the insurance contract.
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