Union Minister Nitin Gadkari Backs Removal of 18% GST on Health Insurance Schemes

Khammam: High GST on Insurance Premiums

Both life and medical insurance premiums now have an 18 percent GST. This means everyone has to pay this tax when buying health insurance.

New policyholders will face higher premium costs. This creates a financial strain for many people.

The increased premiums may also lead to unwanted competition in the insurance industry. The government should reconsider this policy.