"Can't impose GST on something as essential as life insurance," says Congress MP Shashi Tharoor

Aug 06, 2024

Reacting to 18% GST implemented on life insurance and medical insurance premiums, Congress MP Shashi Tharoor on Tuesday said that something as essential as...

GST council likely to give big relief to individuals, senior citizens on Health Insurance premiums- Sources

Sep 09, 2024

The 54th GST Council meeting is set to make a major decision on the GST rate on health insurance premiums on Monday.

West Bengal CM Mamata Banerjee urges Centre to roll back GST from life insurance, medical insurance premium

Aug 01, 2024

West Bengal Chief Minister Mamata Banerjee urged the central government to roll back GST from life insurance and medical insurance premium on Thursday.

Festive cheer, nil GST on health and life boost insurance payments by 35% YoY: Policybazaar

Oct 17, 2025

The festive season coupled with the government's recent decision to make health insurance GST-free has provided a strong boost to India's insurance market.

Parliamentary panel recommends reduction in GST on insurance products

Feb 07, 2024

There is a need to reduce the GST rate on insurance products, especially health and term insurance, which is 18 per cent at present,...

Life Insurance industry posts 21% annual growth despite slowdown in Oct due to GST waiver: Report

Nov 11, 2025

The life insurance industry witnessed a decline in new business premiums (NBP) in October 2025, primarily due to the recent Goods and Services Tax...