If Rs.1500 month deducted regularly till last month how much Premium policy increases?

How much our regular Premium policy increases? Say if the amount is Rs.1500/month deducted regularly till last month..

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1 Answer(s)

A policyholder pays service tax only on the risk factor of the premium element, whereas the investment component of the insurance plans usually isn’t included in the service tax umbrella. After the GST is implemented, insurance plans, including life, motor, and health would become more expensive, as taxes would be hiked.

Answered on July 5, 2017.
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Gen GST