Big GST Relief: Lower Health Insurance Premiums from Sept 22, 2025
Good news for health insurance buyers: from 22 September 2025, GST on individual health (and life) insurance premiums is removed. This means direct savings for millions of policyholders.
Quick Benefits:
- No GST on individual health & life insurance
- Up to 18% premium savings
- Applies from 22 September 2025
Example savings
| Policy Type | Earlier (With GST) | New | You Save |
|---|---|---|---|
| Family Health | ₹47,200 | ₹40,000 | ₹7,200 |
| Individual Health | ₹17,700 | ₹15,000 | ₹2,700 |
Should you delay renewal?
No. Don’t delay health insurance renewal just to save GST. Continuous coverage is more important.
FAQs
- Will I get refund for earlier premium? No.
- Does this cover corporate plans? No, only individual policies.
- Should I wait to buy? No. Buy when needed — health risk is higher than tax saving.
Disclaimer: Check insurer & government notifications for final details.
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