Health insurance premiums may drop for policies with up to ₹5 lakh cover for non-senior citizens: Sources

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The Group of Ministers (GoM) has proposed removing the GST on health insurance premiums for non-senior citizens with coverage up to ₹5 lakh, according to sources. The GoM’s recommendation comes amid growing demand for removing or lowering the current GST rate of 18% on life and health insurance policies.

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