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GST Relief for Life & Health Insurance: Premiums May Drop By 15% Ahead of Diwali

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  • Published On: August 21, 2025
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A group of ministers may recommend exempting GST on individual life and health insurance premiums, reducing the rate from 18% to 0%. This could lower premiums by around 15%, providing significant relief for policyholders, possibly around Diwali.

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