Big GST cut on insurance in the works? What it means for your premiums in 2025

In the upcoming GST Council meeting this month, life and health insurance policyholders can expect some relief. The all-powerful GST council is expected to reduce or completely abolish the GST on life and health insurance premium. This issue has been pending for a long time, but now there are indications that some concrete steps can be taken this time. IRDA supports GST exemption recommendations T…