When Finance Minister Nirmala Sitharaman announced in the 56th GST Council meeting that GST on individual health and life insurance premiums would be reduced from 18 per cent to 0 per cent from September 22, 2025, policyholders were understandably relieved. But experts say the benefit you finally see may depend on whether these premiums are classified as nil-rated or exempt, two terms that sound similar but have very different cost implications.
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From 22 September, individual life and health insurance policies — including term, ULIPs, and family floaters will move to a Nil GST bracket, lowering costs for millions of households and boosting India’s push toward insurance for all by 2047
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A good CIBIL score helps, but lenders also weigh income stability, debt load, and spending discipline before approving your loan
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