LIC GST = 0% from September 22, 2025
In a landmark decision, the Government of India removed GST on individual LIC policies effective September 22, 2025. This is a massive benefit for crores of LIC policyholders across India.
What Changed?
| Policy Type | Old GST Rate | New GST Rate (Sep 2025) |
|---|---|---|
| Term Plans (Jeevan Amar, Tech-Term) | 18% | 0% |
| Endowment Plans (Jeevan Anand, Labh) | 4.5% | 0% |
| Pension Plans | 1.8% | 0% |
| Group Insurance | 18% | 18% (unchanged) |
How Much Are You Saving?
- Term Plan (₹1Cr SA, Age 30): Premium ≈ ₹8,700/yr. Old GST: ₹1,566/yr. Saving: ₹1,566/yr!
- Endowment (₹10L SA, Age 30, 20yr): Premium ≈ ₹59,750/yr. Old GST: ₹2,689/yr. Saving: ₹2,689/yr!
- Jeevan Labh (₹10L SA, Age 30, 16yr): Premium ≈ ₹1,11,850/yr. Old GST: ₹5,033/yr. Saving: ₹5,033/yr!
Impact on Existing Policyholders
Existing policyholders renewing after September 22, 2025 automatically get 0% GST. No application needed. Your premium goes down automatically at next renewal.
Calculate Your Exact Saving
Use our LIC Calculator — it automatically shows your GST saving vs old rates for every plan.
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