Archive · 15 Sep 2025
Insurance Premiums Rise Despite GST Cut, Sparks Concerns
Recently, the government removed the tax (GST) on health insurance.
However, some people are worried that insurance companies are secretly raising the prices of their plans anyway.
This is happening even though the tax was removed to make insurance cheaper.
People are complaining about high prices and a lack of clear information from the insurance companies.
Some analysts are also saying that the government's insurance watchdog isn't doing enough to stop this from happening.
Insurance premiums are allegedly increasing despite the removal of GST.
Analysts and policyholders are criticizing insurers.
There are concerns about a lack of transparency and unfair premium hikes.
The regulator, IRDA, is accused of not doing enough.
The GST Council exempted health insurance from GST.
- Who
- Investment analysts, policyholders, insurers, IRDA
- What
- Concerns over insurance premium hikes
- When
- Following GST abolition on insurance
- Where
- India
- Why
- To address rising premium costs despite tax cuts
Consumers/Analysts
Insurers
Premium Increases
Consumers/Analysts
Insurers are unfairly raising premiums, negating the GST cut's benefits and exploiting customers.
Insurers
The article does not mention any defense or view from the insurers, so no data can be provided.
- Issue
- Insurance premium increases
- Government Action
- Abolished GST on health insurance
- Analyst Concern
- Insurers increasing premiums unfairly
- Regulator Criticism
- IRDA accused of being complicit
- Customer Complaints
- Premium hikes and lack of transparency
Sources
The General Insurance Council affirms support to Star Health in insurer’s standoff with AHPI
GIC backs Star Health against AHPI’s threat to suspend cashless services
What Should You Do If Cashless Hospitalisation Is Suspended?
AHPI, Star Health in spat over cashless service
Star Health Unveils ‘Know Your Policy’: A Simplified Guide to Health Insurance Coverage