Union Minister of Road, Transport and Highways Nitin Gadkari has urged Finance Minister Nirmala Sitharaman to remove the 18 per cent Goods and Services Tax (GST) on life and medical insurance premiums!

Nitin Gadkari has expressed concern to Finance Minister Nirmala Sitharaman about the GST applied to health and life insurance premiums. He described this as “taxing the uncertainties of life,” suggesting that it feels unfair to impose a tax on essential insurance policies that help manage unpredictable life events.

He wrote a letter regarding the same to the Finance Minister Nirmala Sitharaman

Current GST rates applicable in Insurance mentioned below

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