Healthcare & Medicines
ExemptIndividual life insurance premiums (including term) are GST-exempt from 22 Sep 2025 (GST 2.0). Previously 18% on the risk/premium component.
GST Rate
Exempt
No GST applicable
HSN Code
9985
Harmonised System of Nomenclature
Important Notes
Exempt (0% GST) on individual life insurance premiums from 22 Sep 2025 under GST 2.0. Earlier: 18% on term premiums; 18% on 25% of first-year endowment premium.
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