A Padma Chary - Telangana Employees Union Honorary President | #AskForGSTFreeInsurance

#AskForGSTFreeInsurance #nitingadkari #nirmalasitharaman #thehansindiacampaign #thehansindia
A Padma Chary - Telangana Employees Union Honorary President | #AskForGSTFreeInsurance | The Hans India

#AskForGSTFreeInsurance

Union Minister of Road Transport and Highways Nitin Gadkari has urged Union Finance Minister Nirmala Sitharaman to consider withdrawing 18 per cent goods and services tax (GST) on life and medical insurance premiums. It is really a great move that should be supported by everyone, both those who buy insurance policies and those who intend to buy, and even those who sell, should back the suggestion of Gadkari.

This will help in making healthcare accessibility more affordable. When it comes to opting for appropriate cover or even minimum insurance cover, many individuals hesitate to go in for it due to high costs. Exemption from GST will reduce the cost of insurance premiums and as for the insurance business it will help them in greater penetration and draw more and more people even in tier two and three areas to get the most needed financial protection against medical emergencies. It will also give a push to the hospital inpatient and outpatient strength.

Because of the GST, the financial strain increases tremendously on the policy holders and they get disheartened and, thus, remain underinsured. Life is a fundamental right and, hence, the government needs to ensure everyone gets fully insured, and, therefore, do away with GST. It will be such a great relief for them. It can also help in reducing the strain on government-funded healthcare schemes like Ayushman Bharat and the government would be able to allocate more resources for other critical areas.

#AskForGSTFreeInsurance
calls for the removal of the 18% GST on life and medical insurance premiums.
This tax is an unnecessary burden on policyholders, making insurance less accessible to those who need it most.

Join us in the #AskForGSTFreeInsurance campaign
Post about how the 18% GST on insurance premiums has affected you or your family

#AskForGSTFreeInsurance

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