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As of September 22, 2025, Postal Life Insurance (PLI) premiums are exempt from GST under the revised GST framework announced by the GST Council

GST Status of Postal Life Insurance (PLI)

Aspect

Previous Regime

Current Regime (from Sept 22, 2025)

GST on PLI Premiums

18%

0% (Exempt)

Applicable Policy Types

Term, Endowment, Whole Life

All individual PLI policies

Impact on Premium Cost

Increased by GST

Reduced; GST component removed

Input Tax Credit (ITC) for Insurer

Available

Not available (due to exemption)

 What This Means for Policyholders

  • Lower Premiums: A ₹10,000 PLI premium previously cost ₹11,800 with GST. Now, it remains ₹10,000.

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