The Goods and Services Tax (GST) Council has reduced insurance GST rates from 18% to zero. This change applies to policy renewals after September 22, 2025, and new policies. So if you are planning to delay your premium payment after the date, it may not be a good idea.
GST on insurance: Planning to delay premium payment after Sept 22 to get rate-cut benefit? IRDAI has an update for you
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