Insurance premiums may increase after GST


Insurance premiums are proposed to increase with Goods and Services Tax (GST), which is ready to roll out this July.
Tax Rates for Insurance Services under GST^
Rules define chargeability of Insurance Services; accordingly the GST Rates are as follows.
ParticularsGST Rate (%)Current Service Tax Rate (%)
Term Policy Premium1815
Endowment Policy
First Year Premium4.53.76
Renewal Premiums2.251.89
Single Premium Annuity1.81.5
ULIP Charges1815



DGfreebies Dg's Blog: Insurance premiums may increase after GST
Insurance premiums may increase after GST
DGfreebies Dg's Blog
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy