Services
GST rate on Individual life insurance
Individual life insurance is exempt from GST under GST 2.0.
GST rate
0%
SAC code
997132
Intra-state split
0% CGST + 0% SGST
The GST rate on individual life insurance in India is 0% under GST 2.0, classified under SAC code 997132. For an intra-state sale this is split as 0% CGST and 0% SGST; for an inter-state sale it is charged as a single 0% IGST.
This is a commonly-applicable rate for quick reference under GST 2.0 (effective 22 September 2025). Rates and classifications can change with GST Council notifications — verify the exact rate on the official GST portal before issuing tax invoices.
Bill individual life insurance with the right GST
PocketGST puts the correct HSN/SAC code and GST rate on every invoice line, splits CGST/SGST or IGST automatically, and works offline.
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