The GST rate on insurance services in India varies by type of insurance:

• For general insurance (like fire, marine, car, theft insurance), the GST rate is 18%.
• For individual life insurance and health insurance policies, starting September 22, 2025, GST has been exempted, effectively making the GST rate 0% on these policies.
• Previously, life and health insurance premiums were subject to 18% GST, but after the 56th GST Council meeting, these have been exempted to reduce the cost for policyholders.

Thus, currently, general insurance attracts 18% GST, while individual life and health insurance services are exempt from GST as of late September 2025.