Searched for
GST RELIEF FOR POLICYHOLDERS
Rising hospital bills and health insurance premiums: Will Budget 2026 help to regulate this? Check what experts are demanding from hospital groups and IRDAIMedical inflation in India is soaring, making health insurance unaffordable and leading to higher out-of-pocket expenses. Taxpayers hope Bu...- LIC says insurance amendment to increase coverageParliament's amendments to insurance laws aim to boost coverage, enhance policyholder protection, and strengthen regulatory oversight, alig...
- GST 2.0: Insurers cut payouts to distributorsLife insurers face a similar squeeze. The industry paid about ?24,000 crore in GST in FY24, offset by ? 14,000 crore of ITC. With credits n...
- Pass on GST relief to policyholders: Govt tells insurersThe government has instructed insurance companies to fully pass on the GST exemption benefits to policyholders, aiming to make insurance mo...
- GST on insurance premium: Why you may not get full benefit of GST reduction by 18% unless there's clarity on exemption vs nil-ratedStarting September 22, 2025, the GST on individual health and life insurance premiums will be slashed to zero. However, insurers are uncert...
- GST removed from life, health insurance but how much will you gain?No Goods and Services Tax means no additional cost on premiums. But the savings you see will hinge on how companies reprice policies.
- GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? Why it may not be a good ideaThe Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after Sep...
- GST 2.0 explained: When will new GST rate for life, health insurance be applicable?In a significant move, the GST Council announced on September 3, 2025, that individual life and health insurance premiums will be exempt fr...
- GST relief to boost insurance penetration, ease burden on policyholders: Nilesh SatheThe government's GST reform has eliminated the 18% tax on insurance premiums, a move expected to boost insurance penetration in India. Whil...
- GST waiver on health insurance to cost Bengal Rs 900 cr annually: Mamata BanerjeeMamata Banerjee stated that waiving GST on health insurance premiums would cost West Bengal around Rs 900 crore annually. She advocated for...
- Full GST exemption on health and life insurance premiums proposed: While insurers may hike premium, post tax cost for consumer is likely to come downThe GST Group of Ministers has proposed exempting health and life insurance premiums from GST, a move intended to make insurance more affor...
- GoM accepts Centre’s GST proposal, to recommend scrapping of 12%, 28% slabsThe Group of Ministers on GST rate rationalisation concluded with states agreeing to restructure the indirect tax system. The current four-...
- GoM on rate rationalisation meets to discuss Centre's GST rate cut proposalA key meeting on GST rate changes is underway in New Delhi. The Group of Ministers is considering cutting tax slabs to 5 and 18 percent. Th...
- Insurance stocks in focus as GoM proposes to exempt GST on premiumsInsurance stocks like SBI Life and HDFC Life will be in focus after a GoM proposed exempting GST on individual health and life insurance pr...
- Health insurance tax relief coming soon? GST Council may consider lowering tax rates on insurance in December meetingThe GST Council is likely to consider lowering the tax rate on certain insurance plans, including potentially eliminating the 18% tax on te...
- GST cut on health insurance, life insurance: Your insurance premium likely to drop soon but by how much?A group of ministers (GoM) tasked by the Goods and Services Tax (GST) Council to oversee rate rationalisation, is considering lowering the ...
- GST Council decides to form new GoM for health insurance premiumThe GST Council has postponed its decision on reducing the GST rate on health insurance premiums to November. A Group of Ministers will rev...
- GST cut on health insurance: You may not celebrate a likely tax cut this timeThe GST Council is set to discuss reducing the high GST on health and life insurance policies. While there's consensus on lowering the tax ...
- Relief for policyholders: Will 18% GST on term life insurance premium be removed in the GST meeting on September 9, 2024?The upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decisi...
- Indians may need to get over a tax headache to secure their healthGST on health insurance: Finance Minister Nirmala Sitharaman faced calls to remove GST on health and life insurance, stressing these taxes ...
Load More
