REFUND OF GST PAID ON INSURANCE PREMIUM

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This query is : Resolved

Quick Summary

This discussion clarifies that unregistered dealers generally cannot claim a refund of GST paid on insurance policies. While premiums for individual life and health insurance policies are now GST-exempt from 22nd September 2025, any GST paid on policies before this date is not refundable to unregistered policyholders, making it a cost to them.

sachin Alwadhi

sachin Alwadhi (Querist)

19 October 2023 Hi

Kindly suggest how to claim gst refund of gst paid on insurance policies? As we are claiming these policies in 80 c in income tax but in gst as non registered dealer not claiming this amount.so what is procedure to claim gst refund of these policies or it is cost to policyholders?

RAJA P M

RAJA P M (Expert)

19 October 2023 No, we can't claim. It's cost to policy holders.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

28 October 2026 From 22-09-2025 premiums on individual life insurance (term, ULIP, endowment) and individual health insurance are exempt from GST, so renewals no longer carry GST; GST already paid before that date cannot be refunded to an unregistered policyholder.

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