Consider Insurance Not Only as Social Protection but Also as a Savings Strategy

Khammam: A recent endorsement by Cabinet Minister Gadkari has brought joy to many. Gadkari has supported the removal of the 18 percent GST on health and life insurance premiums.

Currently, the 18 percent GST makes insurance premiums more expensive for people. Removing this tax could make insurance more affordable.

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Insurance is not just a social safety net but also a way to save money. Therefore, removing the GST is seen as a positive step.

Many people, including the author, support Gadkari’s demand to remove the GST on insurance premiums.