Day: September 25, 2025

Starting September 22, 2025, premiums for individual health and life insurance policies are exempt from GST, meaning policyholders won’t need to pay any GST on these premiums, except for group policies. However, effective September 22, insurers won’t be able to claim any ITC (input tax credit) on their operational services like brokerage, commissions, office rent,… Continue reading Policyholders are unlikely to get full benefit from GST exemption; premiums likely to rise with no ITC benefit