Fri Sep 05 04:19:10 UTC 2025: Okay, here’s a summary and a news article based on the provided text:

**Summary:**

The Goods and Services Tax (GST) on individual life and health insurance premiums will be reduced from 18% to 0% effective September 22, 2025. This decision, made during the 56th GST Council meeting, aims to make insurance more affordable, potentially expanding coverage and encouraging better financial protection for individuals and families.

**News Article:**

**GST Council Slashes Tax on Life and Health Insurance Premiums to Zero**

**NEW DELHI –** In a move hailed as a boost for household financial security, the GST Council has announced a significant reduction in the Goods and Services Tax (GST) on individual life and health insurance premiums. Effective September 22, 2025, these premiums will attract a 0% GST, down from the current 18%.

The decision, made during the 56th GST Council meeting, is expected to significantly lower the upfront cost of insurance, making it more accessible to a wider segment of the population.

“This is a welcome step that will directly benefit individual policyholders,” said a source familiar with the council’s deliberations. “By removing the GST burden, we anticipate an increase in insurance uptake, leading to greater financial protection for families across the country.”

Industry analysts believe the reduced tax burden could encourage more people to purchase adequate life and health insurance coverage, mitigating financial risks associated with unforeseen events. The move is also seen as aligning with the government’s broader objective of promoting financial inclusion and social security.

“Lowering the cost barrier is crucial for increasing insurance penetration,” commented [Insert Hypothetical Insurance Expert Name/Title]. “This policy change could be a game-changer, particularly for those who were previously priced out of the market.”

The reduction is effective from September 22, 2025. The council anticipates the move will drive a positive shift in consumer behavior, leading to a more financially secure and protected population.

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