GoM Weighs GST Exemption On Life And Health Insurance Premiums
Published on: Aug. 20, 2025, 7:54 p.m. | Source: NDTV Profit
A group of ministers has begun deliberations on a proposal to exempt life and health insurance premiums from goods and services tax, sources told NDTV Profit. The Centre has proposed scrapping the existing 18% GST levied on insurance premiums paid by individuals. The measure is aimed at making insurance products more affordable and boosting penetration. Talking to reporters on Wednesday, Bihar Deputy Chief Minister Samrat Choudhary confirmed that some states had expressed concerns.
