Starting September 22, 2025, the Goods and Services Tax (GST) on individual life and health insurance premiums will drop from 18% to nil, offering a massive financial relief for policyholders.

Now is the best time to increase your health insurance coverage and buy a new term insurance plan, as GST is no longer applicable from September 22, 2025. This move saves you up to 18% on premiums, making insurance more affordable and accessible. With rising medical costs and unpredictable health risks, higher coverage ensures better financial protection for your family. Similarly, term insurance at a lower premium gives your loved ones greater security at a reduced cost. Take advantage of this GST-free benefit today and enhance your protection without any extra tax burden. Act now for a safer future.

For affordable Term plans and Health Insurance, call 9480240513

What You Stand to Save from No GST on Life & Health Insurance plans

For example, a ₹30,000 annual premium previously included ₹5,400 in GST, totaling ₹35,400. From September 22, you’ll pay just ₹30,000 — that’s a straight 18% saving. A big relief for the every policyholder. 

This applies to:

• Life insurance (term life, ULIP, endowment)

• Health insurance (individual, family floater, senior citizen plans) 

• Renewal of the above from 22nd September 2025

Is 18% Your Entire Benefit?

Not necessarily. While the GST component vanishes, insurers will lose the ability to claim Input Tax Credit (ITC) on expenses like admin, commissions, and rentals. This may lead them to slightly raise base premiums — meaning your real savings might be 10–18%, depending on how insurers respond 

However, many insurers—especially in competitive segments like term insurance—are expected to absorb most of the benefit to keep premiums attractive 

Should You Wait to Buy or Renew?

• New buyers will definitely benefit if they start a policy on or after September 22 — that’s when GST gets waived 

• Existing policyholders: Only renew on or after September 22 to avoid paying GST. However, do not delay past your renewal due date, as it may lead to lapses, loss of benefits (like no-claim bonuses), or coverage gaps

Some policyholders shared concerns on social forums — one commenter noted:

“the industry consensus is pay premium on or after 22nd Sep, GST will be NIL even if your policy was due before 22nd,” though “clarification is being sought.” Reddit

What You Should Do

1. Check your renewal dates.

   • If it’s due before Sept 22, renew now to maintain benefits.

   • If it’s on or after Sept 22, wait to enjoy GST-free premiums.

2. For new policy purchases, definitely start on or after Sept 22 — you’re looking at near 18% savings.

3. Monitor insurance provider announcements — many insurers have confirmed they will pass on the benefit or minimize premium hikes.

4. Re-evaluate your cover. Lower premiums mean you can potentially increase your sum assured or add riders without raising your total premium.

For the Term Insurance and Health Insurance policyholders

Save 18% on Term Insurance & Health Insurance Plans – Starting September 22!

From September 22, 2025, all individual term life and health insurance policies will no longer bear the 18% GST—meaning you pay only the base premium. That translates to up to 18% savings!

Act smart:

• Renew on or after Sept 22 to enjoy GST-free premiums (but don’t miss your due date!).

• New purchases after that date also enjoy full benefit.

Use your savings to increase your coverage, add riders, or suit yourself with better protection. Secure your future more affordably—tax-free!

No GST on Life & Health Insurance plans

A great savings for all Insurance policyholders.  This will help the policyholders to increase their Health Insurance cover or to buy a new term plan at a lower premium. For more information, call : 9480245013

I am healthy, fit, and leading a fairly disciplined lifestyle. I exercise regularly, eat well, and stay away from harmful habits. Yet, even with all of this, I know one simple truth: life is unpredictable. Accidents, critical illnesses, and unforeseen health complications can strike anyone, at any time. And while I can’t control the future, I can certainly prepare for it. That’s exactly why I believe a term insurance plan is essential for me.

Most of the people want to buy, but they waste time on selecting the term plan. We are in the insurance field since last two decades. Let me help you in choosing the best term plan.  

My life is not just about me anymore. I have a loving family, young children with dreams and ambitions, and aging parents who depend on me emotionally and financially. I have taken up several responsibilities over the years — from supporting my household expenses to paying off a home loan, managing EMIs, and maintaining a lifestyle that my family is accustomed to. These aren’t just monthly numbers; they are commitments made to my family’s security and well-being.

In the event of an untimely death, I wouldn’t want my family to be burdened by the financial pressure of ongoing loans and lifestyle expenses. The idea that they might have to give up their current standard of living, withdraw from quality education, or be forced to sell the house to cover debts is deeply unsettling. That’s where a term insurance plan steps in as a safety net.

A term insurance plan provides a large sum assured at an affordable premium. It offers pure protection — no frills, no investment component — just financial security. If something were to happen to me, my family would receive a pre-decided lump sum payout that could help them cover living expenses, continue their lifestyle, pay off debts like home loans or personal loans, and secure the children’s education without compromise. This gives me peace of mind today, knowing I’ve done my part in planning for their future.

Many people delay buying term insurance because they feel young, invincible, or healthy. I was one of them. But over time, I’ve realized that health today doesn’t guarantee safety tomorrow. Insurance is best bought when you don’t need it — when you’re healthy and the premiums are low. Waiting until something goes wrong can either make it too expensive or impossible to get coverage.

Moreover, term insurance isn’t just about death coverage. Some plans also offer optional riders for critical illness, accidental disability, or waiver of premium, which enhance the protection. This means even if I were to survive but become incapable of earning, my policy would still support my family in the absence of income.

My family depends on me, and that dependence is not just emotional — it is financial. I do not want their dreams to die with me. A term insurance plan ensures that my absence does not translate into their financial suffering. It acts as a financial guardian, allowing my loved ones to continue their lives with dignity.

In today’s world, where inflation rises steadily and uncertainties have become a part of daily life, not having term insurance is a bigger risk than having one. For a small annual cost, I can create a massive financial shield around my family.

So yes, I may be healthy and optimistic about life, but I’m also realistic and responsible. A term insurance plan is not an expense — it’s an act of love, foresight, and responsibility. It’s my way of saying: “Even if I’m not around tomorrow, I’ve got you covered.”

FAQ on Term Insurance plans

Why is a term insurance plan important?
Term insurance ensures financial security for your loved ones in your absence. It offers high coverage at affordable premiums, providing peace of mind and income protection.

Is term insurance really necessary?
Yes, term insurance is essential for anyone with dependents. It safeguards your family’s future by replacing lost income, covering debts, and supporting lifestyle needs if something happens to you.

Is it worth having term life insurance?
Absolutely. Term life insurance offers significant coverage for a low cost, making it a smart financial safety net for families, especially during key life stages and responsibilities.

Can I buy online term insurance?

Yes, you can buy term insurance online—it’s quick, convenient, and often cost-effective. However, in case of a claim, online platforms or telecallers may not provide personalized support to your nominees. Choosing an experienced advisor ensures hands-on guidance, especially during crucial moments like claim settlement and beneficiary assistance.

How important is term insurance in India?
In India, term insurance is vital due to rising costs, family dependence on a single income, and minimal social security. It ensures financial continuity in case of untimely death.

What happens if you don’t use term life insurance?
If the policyholder survives the term, there’s no payout. However, the real value lies in the protection it offers during the policy period—not in maturity benefits.

What is the biggest advantage of term life insurance?
The biggest advantage is its affordability. Term insurance provides substantial coverage at low premiums, making it the most cost-effective way to financially protect your family.