Home >>

News >>

GST Exemption for Health Insurance?

25 Aug, 2025

The Indian government is considering exempting life and health insurance policies from GST, as proposed by Bihar's Deputy CM Samrat Choudhary. A group of state ministers supports this idea but wants to ensure that any tax reduction benefits customers, not just insurance companies. Currently, health and life insurance premiums face an 18% GST. The GST Council will develop a mechanism to pass these benefits to policyholders. This proposal is part of broader GST reforms aimed at simplifying tax structures in India. A report is expected by the end of October.

Latest News

Reduce Type 2 Diabetes Risk with Mediterranean Diet

Discover how a Mediterranean diet and calorie control can lower type 2 diabetes risk by 31%. Learn about this impactful study from Harvard researchers.

Dengue and Malaria Surge in Delhi-NCR After Monsoon

Delhi-NCR faces a rise in dengue and malaria post-monsoon. Learn about symptoms and prevention to stay safe this season.

Reliance Intelligence: AI for India's Future

Mukesh Ambani announces Reliance Intelligence to boost AI infrastructure in India, ensuring accessible and affordable AI services for all.

India's Economy Surprises with 7.8% Growth

India's unexpected 7.8% GDP growth in Q1 raises questions about future stability amid US tariffs. What does this mean for the economy?

RBI Introduces Fast Cheque Clearing System

Discover how RBI's new cheque clearing system will speed up transactions and enhance banking efficiency from October 4, 2025!

Rupee Hits Record Low Amid US Tariff Concerns

The Indian rupee slumps to an all-time low against the dollar as US tariffs threaten economic growth. What does this mean for India's future?

Ranbir's Journey from Self-Doubt to Success

Ranbir Kapoor faced struggles after film failures but bounced back with a blockbuster. Discover his inspiring journey and upcoming projects!

Ahaan Panday's Bollywood Name Revelation

Discover Ahaan Panday's real name and its Bollywood ties. His journey from dreams to reality is inspiring!

Dhoni Offered Mentor Role by BCCI: Will He Accept?

BCCI offers Dhoni a mentorship role. Will he pick up the phone? Manoj Tiwary weighs in on this exciting cricket news ahead of the T20 World Cup.