https://www.taxtmi.com/news?id=58937 The GST exemption on individual life and health insurance from September 22, 2025, removes GST from premiums so new policies show lower upfront pricing and regular instalments for ongoing policies will be billed without GST, while single premium payments already made with GST are unlikely to be refunded. Insurers cannot claim Input Tax Credit on expenses for exempt insurance, so the full prior GST rate may not translate into equivalent customer savings; actual reductions depend on each insurer's post exemption pricing adjustments. en-us Wed, 15 Oct 2025 18:01:05 +0530 Wed, 15 Oct 2025 18:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=58937 The GST exemption on individual life and health insurance from September 22, 2025, removes GST from premiums so new policies show lower upfront pricing and regular instalments for ongoing policies will be billed without GST, while single premium payments already made with GST are unlikely to be refunded. Insurers cannot claim Input Tax Credit on expenses for exempt insurance, so the full prior GST rate may not translate into equivalent customer savings; actual reductions depend on each insurer's post exemption pricing adjustments. News - Wed, 15 Oct 2025 18:01:05 +0530 https://www.taxtmi.com/news?id=58937