You can Get relief from Expensive life Insurance Premiums: People who have life insurance i.e. health and life insurance can get relief from expensive premiums (insurance installments) in the coming days.
to be held in Delhi on 9 September GST In the council meeting, the GST on both types of insurance can be reduced from 18 to 5 percent. The benefit of this reduction is likely to be given only on insurance with an annual installment of up to 50 thousand. On the other hand, other issues including rationalization of GST rates can also be discussed in the meeting.
There has been a demand for a long time that the GST levied on insurance is very high. People get insurance to secure their future and keeping the risk in mind but it is not right to levy such a high GST on it. Opposition parties are also demanding the removal of GST regarding this.
