GST cut on health insurance, life insurance: Your insurance ... - MSN

If the GST is reduced from 18% to 12%, you must pay a GST of Rs 1,200 on a health insurance premium of Rs 10,000. Your total health insurance premium will be Rs 10,000 + Rs 1,200 = Rs 11,200. Read More

Cost of health, life insurance to come down if GST Council decides to ...

Currently, an 18 per cent GST is levied on premiums paid for life and health insurance policies. The GST Council, chaired by Sitharaman and comprising her state counterparts, is slated to meet on ... Read More

Good news for health and insurance policy holders, as cost of insurance ...

It could be a big reprieve for all health and life insurance policy holders. Union Finance Minister Nirmala Sitharaman said on Wednesday that the cost of insurance is expected to come down if the ... Read More

GST on health and life insurance: How much do tax rates impact your ...

Currently, all types of health and life insurance policies are subject to an 18 per cent GST. Before the implementation of GST in 2017, insurance premiums garnered a 15 per cent service tax, which ... Read More

GST Council sets up GoM on reduction in GST on health insurance; cuts ...

Briefing reporters on the outcome of the 54th GST Council meeting, Sitharaman said it has decided to have a Group of Ministers (GoM) to look into the GST rate on life and health insurance. Read More

GST on health insurance: States fail to decide on tax reduction on ...

The proposal put forth substantial recommendations, including lowering the GST rate on health insurance, term life insurance, and motor third-party insurance premiums from 18% to 5%. Read More

Proposal to remove GST on term life and health insurance: What it means ...

The Group of Ministers (GoM) on GST recently reached a consensus on a proposal to exempt from GST premiums paid for term life insurance and also health insurance for senior citizens. The GoM also ... Read More

Senior Citizens to Benefit from GST Relief on Health and Life Insurance

GST may soon be waived for term life insurance and senior citizen health premiums, following a decision by the Group of Ministers. About Careers Internship MedBlog Contact us English (US) ... Read More

GST: Government urged to remove GST on life and health insurance ...

Government must consider removing GST on life and health insurance premiums as it adversely affects people's ability to take care of their basic vital needs. Political leaders and ministers demand ... Read More

Niva Bupa, Star Health shares rise up to 11% amid likely GST reduction ...

Niva Bupa, Star Health shares rise up to 11% amid likely GST reduction on health insurance premia The GoM on rate rationalisation under Bihar Deputy CM proposed to reduce GST from 18% to 5% on ... Read More