GST Gone, Savings On! What It Means for Your Universal Sompo Policy!

Yes. Any premium payment you make on or after September 22, 2025, will no longer have the 18% GST. This will reduce your total payment.

No. The old 18% GST rate applies to all premiums paid before September 22, 2025.

No. Since your renewal date is before the change takes effect, you will still pay the 18% GST. You will receive the 0% GST benefit on your next renewal in 2026.

Yes, you will be entitled to a refund. If your policy was issued on or after September 22, 2025, we will refund GST.

No, we strongly advise against this. A lapse in your policy, even for one day, can leave you and your family unprotected from medical emergencies.

The main risk is being uninsured. Your benefits like No-Claim Bonus and continuity on waiting periods are protected if you renew within the grace period. But there is no coverage available in the grace period in case of an unfortunate medical emergency. This GST change does not affect your policy benefits.

To keep your policy active and your benefits secure, please pay your premium on time. The 0% GST will automatically apply to any payments due on or after September 22, 2025.

We do not recommend this. Cancelling an existing policy to save on GST could cause you to lose valuable coverage and other continuity benefits, leaving you exposed to risk.

If your next payment is due before September 22nd, it will still have the 18% GST. All future instalments due on or after September 22, 2025, will automatically be updated to the 0% GST structure.

No. Payments made before September 22, 2025, are subject to the old 18% GST rate, and no refunds will be issued.

No. This change will not affect multi-year policies that have been fully paid for, as the entire premium was paid upfront with the applicable GST.

No. The GST exemption is limited to retail individual health policies and does not apply to group health insurance schemes.