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Second documentHow Life Insurance Helps in Tax Saving in India?Open original ↗
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GST On Life Insurance: All You Need To Know
However, in the new GST 2.0 update, the GST Council announced that, effective September 22, 2025, GST on life insurance premiums has been reduced to nil. This move covers all major individual policy types, including term insurance , ULIPs, endowment plans, and riders. For both new and existing policyholders, this reform translates into meaningful savings and makes life insurance more accessible than ever before.
Did You Know?
As of 22 September 2025, the GST on individual life insurance premiums in India was reduced to 0%. Source: financialservices.gov.in