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Nil GST on insurance premiums: Zero rate may not make policies cheaper for individuals, say experts
The GST Group of Ministers (GoM) has proposed exempting health and life insurance premiums from the GST levy, a move aimed at making insurance more affordable. While this appears beneficial for ...
Policyholders welcomed the government’s decision to reduce GST on individual health and life insurance premiums from 18% to zero, effective September 22, 2025. The move is expected to make insurance ...
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