Why Insurance Premiums Haven’t Fallen After GST Cut: Input Tax Credit Loss Blunts Consumer Gains
When the GST Council exempted individual health and term insurance policies from Goods and Services Tax (GST) with effect from […]
Insurance Industry News
₹1 Crore Term Insurance Plans Get Cheaper: Understanding the Impact of GST Removal
The government’s decision to remove GST from term insurance premiums has made headlines in the financial sector. By removing the
Input tax credit loss to weigh on life insurers’ profitability in Q3FY26
The loss of input tax credit (ITC) following the rationalisation of the goods and services tax (GST) on individual life
GST exemption boosts life insurance sales 21% in Oct-Nov 2025, margins face ITC hit
India’s private life insurers saw a 21 percent year-on-year growth in October–November 2025 volumes after the goods and services tax
Average Health Insurance Cover Rises To Rs 19 Lakh After GST Removal
The average health insurance cover now stands at Rs 19 lakh, up 31 per cent after Goods and Services Tax
Post-GST Relief, Indians Opt For Bigger Health Covers And Longer Policies In 2025: Policybazaar Report
The average sum insured in India increased from Rs 14.5 lakh to Rs 19 lakh after GST removal on the
GST Exemption Boosts Health Insurance Coverage, Average Sum Insured Jumps 31%: Report
The government’s decision to exempt Goods and Services Tax (GST) on health insurance from 18 per cent to nil has
Insurance year-ender 2025: GST relief lifts demand, but cost pressures set the agenda for 2026
As 2025 draws to a close, India’s insurance sector is ending the year with steady premium growth, a sharper focus
Insurance Amendment Bill, 2025 passed: What the changes mean for policyholders
he Lok Sabha on Tuesday (December 16) passed the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, with
Insurance industry’s premium growth tops 20% for the first time in FY26
Both the life and non-life insurance segment posted over 20 per cent premium growth in November for the first time