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Searched Tag: insurance exempt from gst

Expectedly, insurance stocks soared on Thursday, with Star Health and Allied Insurance Company surging over 9 per cent, Niva Bupa Health Insurance Company zoomed 9 per cent, ICICI Prudential Life Insurance Company jumped 5.70 per cent, ICICI Lombard General Insurance Company rallied 5 per cent, Life Insurance Corporation of India climbed 5 per cent, HDFC Life Insurance Company went up 4.90 per cent and SBI Life Insurance Company surged 4.88 per cent on the BSE

Insurance stocks shine as life, health insurance exempt from GST

September 4, 2025, 03:06 PM - 5 min read

One of the many outstanding decisions of the rationalisation is that GST has been exempted on individual life insurance, including term, ULIP, and endowment plans and reinsurance services. Currently, premium payment on such policies attracts an 18 per cent tax

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