'Tax on uncertainties of life': Gadkari asks FM Sitharaman to withdraw 18% GST on life, medical insurance premiums
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.
Big reforms in the health insurance sector are likely in the upcoming Union Budget, according to policybazaar.com. Some benefits are also expected in pension products and we get an expert opinion on..
Nitin Gadkari said the union that met him raised points related to differential treatment to savings by way of life insurance, re-introduction of IT deduction... DNA
Wednesday, 31 July 2024 ()
![Budget 2024 Expectations:Expert Insights on Major Health Insurance Reforms & GST Relief | Oneindia [Video]](https://video.newsserve.net/300/v/20240719/1382191382-Budget-2024-Expectations-Expert-Insights-on-Major-Health.jpg)
