GST Council's Landmark Tax Exemption: A Boost for Insurance Affordability
Published on: Sept. 4, 2025, 2:22 p.m. | Source: Devdiscourse
The GST Council's decision to exempt insurance premiums from the indirect tax is considered a landmark move by insurers. This exemption will make life and health insurance products more affordable, promote insurance inclusion, and aid in achieving universal insurance coverage by 2047. Industry leaders applaud the move as visionary.
