ilmscore | Prediction Details
"I will tell you when I got to know that insurance just just understand the nitty-gritties. Okay. when I got to know insurance is exempt 0%. But when we read the fine print or when we read the FAQs, uh we can understand finer details, right? It is given that you will not get GST credit if we are talking about insurance. Now please understand the impact because see why I took this live stream in spite of releasing the video because you know when I release a video there is a time limit. I can't just go on go on and on and on. Uh I had I wanted to explain the concept of GST credit just in case people don't know about it right. Uh now what what what was mentioned is that if we are talking about insurance companies all life insurancees now which life insurance it could be term insurance it could be endowment it could be ULIP all sort of life insuranceances individual life insurance or individual health insurance these will go into 0%. So no GST on premium."
By CA Rachana Phadke Ranade | September 4, 2025 | Incorrect
From video
Market Bearish In spite of GST Reforms | CA Rachana Ranade 00:07:46 - 00:08:46
Interpreted Prediction
Individual life and health insurance premiums will become GST exempt (0%).
AI Evaluation Notes
A search for 'GST on insurance premiums 2025 2026' indicates that GST is still applicable to life and health insurance premiums as of January 1, 2026. Therefore, the prediction that these would become GST exempt (0%) is incorrect.

Prediction Details

Topic
GST Rates

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