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The Department of Financial Services (DFS) Secretary, M Nagaraju, has urged insurance companies to proactively launch outreach campaigns to publicise the recent reforms that make insurance more affordable and accessible. In a meeting held on Monday with senior officials of the DFS, the Insurance Re
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FAQ :
They are being urged to publicise the recent GST exemption on life and health insurance policies, making consumers aware of the cost benefits.
The exemption is expected to significantly reduce costs for consumers, making insurance products more accessible and cost-effective.
The decision was made by the GST Council in its 56th meeting on September 3, 2025.
All individual life and health insurance policies are covered by the GST exemption.
The reform is expected to strengthen financial security and enhance insurance penetration across the country, especially in rural and semi-urban areas.
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