No GST On Individual Life, Health Insurance, 33 Lifesaving Drugs
Published on: Sept. 3, 2025, 11:35 p.m. | Source: NDTV Profit
Finance Minister Nirmala Sitharaman announced on Wednesday an exemption on individual health and life insurance along with 33 lifesaving drugs and medicines. The insurance services that are currently under 18% will be exempted. Even individual health insurance policies, including family floater policies and policies for senior citizens, will be exempted. "Exemption of GST on all individual life insurance policies, whether term life, ULIP, or endowment policies, and reinsurance.
