Health insurance GST exemption for individual and family policies clarified, excluding group-sourced insurance and defining qualifying groups. Services of health insurance business provided by an insurer to an insured who is not a group are exempt from GST where the insured is an individual or an individual and family; family includes all individuals insured as family. 'Group' means persons joined by a common purpose or economic activity other than availing insurance, including employer-employee groups and non employer-employee groups with a clear relationship to the master policyholder. 'Health insurance business' covers sickness, medical, surgical, hospital expense, travel and personal accident benefits.
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Provisions expressly mentioned in the judgment/order text.
Health insurance GST exemption for individual and family policies clarified, excluding group-sourced insurance and defining qualifying groups.
Services of health insurance business provided by an insurer to an insured who is not a group are exempt from GST where the insured is an individual or an individual and family; family includes all individuals insured as family. 'Group' means persons joined by a common purpose or economic activity other than availing insurance, including employer-employee groups and non employer-employee groups with a clear relationship to the master policyholder. 'Health insurance business' covers sickness, medical, surgical, hospital expense, travel and personal accident benefits.
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