<h1>GST cut to 0% on term life insurance premiums from 22 September 2025 lowers costs and boosts policy uptake</h1> Effective 22 September 2025, GST reform reduces the tax on term life insurance premiums from 18% to 0%, removing the prior levy and lowering consumer costs; premiums will be charged without added GST, producing direct annual savings for new and renewing policyholders and enabling greater coverage or redeployment of savings into other financial goals. The change increases affordability and anticipated uptake of term policies, affects premium calculations and renewals automatically, and supports simpler long-term financial planning; consumers should review existing cover and consider higher sums assured or new purchases in light of the reduced cost.