Insurance Premium & GST Calculator
Calculate the payable premium using an editable GST rate and compare it with the earlier 18% tax benchmark.
How this estimate works
The default policy GST is 0% because individual life and health insurance policies became GST-exempt from 22 September 2025. Confirm the invoice for group, commercial or ancillary supplies.
Check your inputs & compare scenarios
Replace the examples with your current figures. Keep the currency and time period consistent with each field. Save one scenario, then change an amount or rate to compare the effect. Reopened scenarios calculate with current rules; your original result stays in history.
Report a calculation issue with this page URL and non-sensitive example inputs.
Questions & answers
Frequently asked questions
Why does the calculator begin with 0% GST? +
The GST exemption applies to individual life and health insurance policies, including family floaters, from 22 September 2025. Keep the rate editable for a different supply or invoice treatment.
Which policy documents should I check? +
Use the policy schedule, Customer Information Sheet, benefit illustration and insurer quotation. Enter the exact cover, premium, factor, sub-limit or charge shown for your policy.
Does this replace an insurer quotation or professional advice? +
No. It is a planning estimate. Underwriting, medical history, exclusions, waiting periods, tax treatment and product-specific terms can change the final premium, benefit or claim.