<ul><li>Term life insurance policies and senior citizens' health insurance premiums are likely to be exempted from GST.</li><li>GST on health insurance with coverage up to Rs 5 lakh will be exempted for individuals, excluding senior citizens.</li><li>18% GST will continue to be levied on health insurance coverage exceeding Rs 5 lakh.</li><li>The GST Council will make the final decision on GST exemption for health and life insurance premiums, along with rate rationalization, in its next meeting.</li></ul>

GoM proposes GST exemption on health insurance policies

Discover more