Centre Considers Lowering GST to 12% for Health Insurance Premiums, Aiming to Expand Coverage

The Centre is contemplating a reduction in the Goods and Services Tax (GST) rate on health insurance premiums from the current 18% to 12%, particularly for premiums up to Rs 30,000. This move aims to make health insurance more affordable and accessible, potentially widening coverage across the population. Currently, with the prevailing market rates, a …

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