India Insurers: GST Cut Boosts Sales, But Margin Squeeze Looms - Whalesbook

### The Catalyst: GST Exemption and Consumer Impact The Indian government's decision to eliminate the 18% Goods and Services Tax (GST) on individual life and health insurance premiums, effective September 22, 2025, has demonstrably spurred market activity. This policy shift has made policies up to 18% cheaper for consumers, leading to a notable surge in new business premiums. For instance, life in…