23/ 100
Powered by Rank Math SEO
Lower GST on insurance? It could be a game-changer!
🔸A potential reduction in GST on health and life insurance could drive business growth.
🔸Health and life insurance policies currently attract 18% GST, up from the previous 15% service tax.
🔸Both political and industry circles are increasingly calling for a GST rate cut.
🔸The government’s emphasis on increasing insurance penetration makes a GST reduction likely.
🔸A lower GST rate would mean lower insurance premiums for consumers.
🔸The insurance industry could see increased customer acquisition and larger policy sums, boosting business.
🔸With rising demand for a cut from 18%, this move might lower premiums and boost growth – 🌟Star Health is set to shine the brightest. 🌟
