India Health Insurers: GST Cut Fuels Market Share Shift to SAHIs - Whalesbook

GST Cut Triggers Health Insurance Market Shift India's insurance market is seeing a major shift, largely due to a Goods and Services Tax (GST) change for retail health insurance policies that began September 22, 2025. By cutting GST from 18% to zero on individual health plans, the cost for consumers dropped. This move has significantly boosted standalone health insurers (SAHIs), allowing them to c…