A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.

Tax experts believe the exemption could improve affordability but caution that expectations of a full 18% premium cut are ...

The GST Council is considering exempting health and life insurance premiums for individuals, potentially leading to ...

After the PM's speech, the government later came out with details about the upcoming next-generation GST reform which is aimed at lowering tax rates for most daily use essential items, home appliances ...

Experts said the move to exempt GST on health and life insurance premiums would provide significant relief to households.

Experts analyze the impact of proposed GST exemption on health & life insurance policies, focusing on term & health plans.

The additional cost from input credit reversal will likely be factored into the pricing of insurance policies, offsetting a large part of the intended relief for customers, they say ...

The group of ministers on GST reform is set to recommend a complete exemption of goods and services tax on health and life ...

Insurers presently avail input tax credit on significant backend costs such as insurance commission, re-insurance, technology ...

The Centre has proposed exempting life and health insurance premiums from GST, aiming to alleviate financial burdens.

A Group of Ministers has proposed a full exemption of 18% GST on life and health insurance premiums for individuals in India.

The Group of Ministers (GoMs), constituted by the GST Council on Compensation Cess, Health and Life Insurance (for individuals), and Rate Rationalisation, has proposed a complete exemption on health ...