<h1>GST Council exempts GST on individual life and health insurance (including reinsurance), reversing 18% levy amid rate restructure</h1> The GST Council approved an exemption removing goods and services tax on individual life insurance and health insurance policies, including subsequent reinsurance, reversing the 18% levy in place since 2017. The decision was adopted as part of a broader GST rate restructuring that also reallocated items into 5% and 18% slabs. A regional ruling party framed the change as a win for the public and accused the central government of yielding only under pressure; the central government announced the outcome following the Council meeting chaired by the finance ministry.