Insurance Premiums Soar 8.6% Thanks to GST Changes

In December 2025, non-life insurance premiums jumped a fantastic 8.62% to ₹28,446.82 crore, thanks to some smart GST changes! Health insurers were on fire, growing by 17.12% to ₹31,286.97 crore. But not everyone had a good time—some public insurers took a wild plunge, dropping 65.43% to just ₹438 crore. What a wild ride!

Quick rundown

1.Non-life insurance premiums grew 8.62% YoY in December 2025.

2.GST rationalisation boosted health insurance premiums.

3.Standalone health insurers saw a robust 17.12% YoY growth.

4.Public sector specialised insurers faced a 65.43% YoY decline.

5.Private insurers like HDFC Ergo recorded significant growth.

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