India's GST Council has granted an exemption on individual life and health insurance premiums, removing the 18% GST. The decision, announced in a written reply on 5 February 2026, covers all individual policies including family floater plans. IRDAI confirmed that insurers have passed the benefit to policyholders without raising premiums.
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Economic Times · 11 days ago
The Supreme Court has upheld a 28% GST on online gaming, applying it retrospectively to curb unregulated wagering. The ruling targets real‑money games and aims to aid investigations into money laundering. The decision marks a significant shift in India's approach to digital gambling.
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A2Z Taxcorp · 2 months ago
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Key Takeaways
On 3 September 2025, during its 56th meeting, the GST Council recommended granting the exemption.
The 18% GST is removed from these premiums.
All individual life insurance policies and individual health insurance policies, including family floater plans and reinsurance, are covered.
The exemption was announced in a written reply to the Rajya Sabha by Minister Pankaj Chaudhary on 5 February 2026.
IRDAI issued a letter dated 7 January 2026 confirming that premium rates were not increased and the GST relief was fully passed on to policyholders.
Primary source
Read the full article at A2Z TaxcorpThis summary was published on VATfaqs.com on 5 February 2026. It relates to VAT developments in India. The original source is A2Z Taxcorp.
