Exemption of GST on life insurance: How your premiums get cheaper from September 22
Life insurance is one of the most important ways to secure your family’s financial future. Upto September 21, 2025, every policyholder had to pay an extra 18% GST on premiums, making protection plans costlier than the base premium. That changes from September 22, 2025, when the Government’s decision to exempt GST on individual life insurance premiums came into effect.This means policyholders will now pay a lower premium amount than before, making insurance more affordable and encouraging more families to get covered. Whether you already have a policy or are planning to buy one, this is an important development for your financial planning.What does exemption of GST on life insurance mean?Previously, a policy with an annual premium of Rs. 50,000 would actually cost Rs. 59,000 after tax (Rs. ...










