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GST on Insurance Premiums Scrapped: How the 56th GST Council Meeting Impacts Your Finances The Goods and Services Tax (GST) regime, since its inception, has been one of the most transformative indirect tax reforms in India’s history, reshaping the financial obligations of numerous sectors. The insurance and banking industries, being central to the economic fabric…
Introduction: The New Wave in Insurance Sector in India India’s insurance sector, long regarded as conservative and heavily regulated, is now in the eye of a transformative storm. The Union Budget 2025, with its historic proposal to raise FDI limits to 100% and the introduction of composite licenses, signals the dawn of a new competitive…
GST on Insurance slashed to 0% on Life and Health Insurance—A Game-Changer for Indian Families in 2025 2025 has been a year of financial transformation for India’s booming insurance sector. The latest reforms rolled out by the GST Council have eliminated GST on all retail life and health insurance policies effective September 22, 2025. For…