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'Tax on uncertainties of life': Gadkari asks FM Sitharaman to withdraw 18% GST on life, medical insurance premiums

IndiaTimes Wednesday, 31 July 2024
Union minister Nitin Gadkari requested finance minister Nirmala Sitharaman to remove the 18% GST on life and medical insurance premiums. He highlighted that taxing these premiums burdens those seeking financial protection and hinders the growth of the medical insurance sector. The request followed a memorandum from the Nagpur Divisional Life Insurance Corporation Employees Union.
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