🚨 Breaking News: 0% GST on Life & Health Insurance from Sept 22, 2025! Save up to 18% on premiums. Get Quote Now →
Posted on September 25, 2025
On September 22, 2025, the Indian government announced a game-changing policy: 0% GST on individual life and health insurance premiums, down from the previous 18%. This move, effective for premiums invoiced on or after this date, eliminates a significant cost barrier, making insurance more accessible. But who truly benefits? At MiShield.in, we break it down for you.
Families can now afford comprehensive plans like HDFC ERGO OPTIMA SECURE or ManipalCigna SARVAH Uttam with unlimited restoration and maternity benefits. The 0% GST saves up to 18% on family floater premiums, ideal for covering children (91 days to 25-30 years) and parents (up to 65 years).
Seniors, often on fixed incomes, benefit from lower costs on senior citizen health plans. With no GST, renewing policies becomes more affordable, ensuring protection against pre-existing diseases (covered after 3 years) without financial strain.
Young individuals can invest in TATA Medicare SELECT with multiplier benefits (2X, 3X, 4X) or CARE Supreme with wellness discounts, saving 18% on premiums. This encourages early insurance adoption, aligning with tax savings under Section 80D.
Individual motor insurance now also enjoys 0% GST, reducing renewal costs for car and bike owners. This complements MiShield.in’s upcoming motor insurance offerings.
**Important Notes:** This applies only to individual policies (group/employer plans retain 18% GST). No refunds on past premiums, but future renewals benefit. Premiums vary by zone, and terms range from 1-3 years. Consult an expert for a customized quote.
At MiShield.in, we’re here to help you leverage this opportunity. Get a Quote today and secure your financial future!
Disclaimer: Subject to IRDAI guidelines. Premium may vary in different zones (cities). Please read the policy brochure and consult an expert. GB=Guaranteed Bonus, CB=Cumulative Bonus, NCB=No Claim Bonus. ^^ABCD cover: Asthma, Blood Pressure, Cholesterol, Diabetic.